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$ 1,599,000
Est. payment | /mo
7,274 Sqft Lot
$ 1,599,000
Est. payment | /mo
7,274 Sqft Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26108958
HOA Y/N No
Year Built 1956
Lot Size 7,274 Sqft
Property Sub-Type Apartment
Property Description
Significant Price Improvement - 4.95 in place cap rate/ 5.37 market rent cap rate!!!! Real Investor Cash Flow 6 Units. We are proud to present the Valencia Apartments - a prime investment opportunity in Fullerton, CA! This multifamily garden style complex offers a 3,652 SF building with 6 well-maintained units (see complete list of capital improvements in expense section), each separately metered for gas and electric, and with RUBS in place, providing for low landlord operating expenses. There is also exceptional ADU possibilities with garage conversion, or new ADU over the garage, or ADU ground up - buyer to consult with the City for options. The subject property also includes a common laundry room for additional landlord income and 6 enclosed garage spaces. The Valencia Apartments are ideally situated near major transportation hubs, freeways and within close proximity to universities and colleges, providing exceptional access to freeways and employment centers. The subject property presents an excellent, stable investment opportunity for the savvy multifamily investor.
See attached marketing brochure in supplements
See attached marketing brochure in supplements
Location
State CA
County Orange
Area 699 - Not Defined
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Sidewalks
Total Parking Spaces 6
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 03133103
Acceptable Financing Trust Conveyance
Listing Terms Trust Conveyance
Special Listing Condition Trust
Listed by Ed Diaz Vanguard Property Group 714-401-2855, DRE #01022469
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