$1,720,000
$1,780,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
1310 W Valencia DR Fullerton, CA 92833
7,405 Sqft Lot
Key Details
Sold Price $1,720,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Fullerton Crest (Fucr)
MLS Listing ID TR21073995
Sold Date 10/06/21
HOA Y/N No
Year Built 1956
Lot Size 7,405 Sqft
Property Description
Well Maintained in City of Fullerton 6 Units Multifamily Investment Apartment. Nice Neighborhood which Provides 3 of 2-Car Garages in the Back for Additional Rental Income. The Property Consist of 6 Units - 4 Units are One Bedroom with One Bath $ 1450 / $ 1495 Per Month, 2 Units are Two Bedrooms with One Bath ( $ 1675 / $ 1550 Per Month). The building has Remodeling which Includes Newer Paint, Newer Windows, Newer Cabinets in Most of the Units, Newer Laminated Flooring. Annual Scheduled Gross Income to be Approx. $108,840. Annual Scheduled Expense to be Approx. $ 33,677 which Covers Property Tax / Management Service/ Landscaping Fee/ Common Area Electricity, Gas, Trash Water. Each Unit has its Own Electricity and Gas Meter. Landlord Pays Water and Trash. Net Operating Income from the Annual Schedule Gross Income is $75,163. Annual Pro Forma Rental Income is $116,458. Cap Rate 4.22%. Walking Distance to Pacific DR Elementary School. Just Half a Mile to Downtown Fullerton, Fullerton College, and Amtrack Station. Easy to Access Freeway 91 and 57.
Location
State CA
County Orange
Area 83 - Fullerton
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Parking Features Garage, On Street
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Sidewalks
Total Parking Spaces 6
Private Pool No
Building
Lot Description Flag Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 03133104
Energy Description 900.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with KC James Dorame • Douglas Elliman