8
See all 8 photos
$1,150,000
Est. payment /mo
New
1938 W Valencia DR Fullerton, CA 92833
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Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID NP25060020
HOA Y/N No
Year Built 1953
Lot Size 9,147 Sqft
Property Sub-Type Apartment
Property Description
Contact for property brochure. This property is for sale with its neighboring property 1932 W. Valencia. The property consists of two triplexes on separate parcels, 1932 & 1938 W. Valencia for a total of 6 units. Spacious Lot with Expansion Potential – The 18,100 sq. ft. lot offers the possibility for an Accessory Dwelling Unit (ADU) addition, increasing future rental income and overall property value. Implementation of a Ratio Utility Billing System (RUBS) allows for utility cost recovery, improving net operating income without increasing base rents. Tenant-Preferred Features – Each single story triplex features an individual walkup entrance, creating a sense of privacy and home-like living, a strong leasing advantage over traditional apartment layouts. The property includes garage parking, a premium amenity that enhances tenant retention and adds value to the investment along with individual patios.
Location
State CA
County Orange
Area 699 - Not Defined
Interior
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Garage Spaces 3.0
Carport Spaces 1
Garage Description 3.0
Pool None
Community Features Curbs
Total Parking Spaces 4
Private Pool No
Building
Lot Description Corner Lot
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 03041105
Energy Description 1200.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Listed by Ryan Anderson • R L M Equities • 949-290-0199