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Chuck Lamm

chuck.lamm@engelvoelkers.com +1(818) 652-2876

$ 2,700,000

Est. payment -/mo

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1310 W Valencia DR Fullerton, CA 92833

8 Beds

6 Baths

4,731 SqFt

UPDATED:

11/04/2024 06:34 AM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,731 sqft

Price per Sqft $570

MLS Listing ID 24459833

Bedrooms 8

HOA Y/N No

Year Built 1956

Lot Size 7,405 Sqft

Property Description

Allure Capital Management, as the exclusive advisor, is pleased to present the opportunity to purchase 1310 W Valencia Drive, a 6-unit, apartment building located in Fullerton California, within the highly coveted Multi-Family SubMarket Of Orange County, CA. The Property is centrally located in the City of Fullerton, an highly sought after city that is home to renowned educational institutes such as California State University Of Fullerton (CSUF), and Fullerton College. The Property is also strategically located amongst Southern California's well-connected highway network, including the 91, 57, and 5 freeways, offering access to major employment centers such as Downtown Los Angeles, Anaheim, and Irvine. Fullerton's central location allows residents to enjoy the suburban lifestyle while being within reasonable reach of bustling urban centers.In 2023, the property underwent a transformative $650,000 renovation, strategically enhancing its infrastructure with brand new plumbing, electrical, and irrigation systems. Beyond these essential improvements, the exterior of the property received a stylish makeover, including all new windows, doors, stucco, perimeter wall with key fob access, and landscaping further elevating its aesthetic appeal. In 2023/2024, 4 of the 6 units were completely gutted and remodeled, and the remaining two units were remodeled in 2014. This comprehensive revitalization underscores a commitment to providing residents with not only functional efficiency but also an elevated and modern living experience.The Property features six fully remodeled 2 car garages which the tenants rent separately, and an on-site laundry room that was also fully remodeled in 2024. The Property is 100% leased and will provide an investor with stable consistent cash flow from a highly coveted turn-key asset. The new purchaser would also have the option of remodeling the last two units and renting them for more once completed.

Location

State CA

County Orange

Area 83 - Fullerton

Zoning R3

Interior

Heating Combination, Electric, Zoned

Cooling Dual

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer

Exterior

Garage Assigned, Covered, Door-Multi, Garage, Off Site, Public, Private, Community Structure, On Street

Parking Type Assigned, Covered, Door-Multi, Garage, Off Site, Public, Private, Community Structure, On Street

Attached Garage No

Total Parking Spaces 6

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 03133104

Special Listing Condition Standard

Listed by KC James Dorame • Allure Capital Management Corp

Chuck Lamm

Broker Associate | License ID: 00857151

+1(818) 652-2876

Chuck Lamm

1310 W Valencia DR Fullerton, CA 92833

Key Details

Location

Interior

Exterior

Building

Others

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1310 W Valencia DR