1310 Valencia DrFullerton, CA 92833

Property Details for 1310 Valencia Dr

Year built

1956

Lot size

0.17 AC

Property size (Sq ft)

3,721 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

031-331-04

APU

3133104

Description

This exceptional 6-unit apartment building in Fullerton, California presents a compelling investment opportunity. Located in Orange County, this property boasts a prime location near California State University Fullerton and Fullerton College, ensuring high tenant demand. The 4,731 square foot building, constructed in 1956 and extensively renovated in 2023, features six units, each with a two-car garage (rented separately), and a recently remodeled on-site laundry room. The 2023 renovation, totaling $650,000, encompassed new plumbing, electrical, and irrigation systems, as well as a complete exterior makeover including new windows, doors, stucco, and landscaping. Four units underwent complete interior renovations in 2023/2024, while the remaining two were updated in 2014. The property sits on a 7,405 square foot lot and offers nine parking spaces. Currently operating at 100% occupancy, the building generates a Net Operating Income (NOI) of $156,805, representing a 5.81% cap rate. Pro forma NOI is projected at $164,445, yielding a 6.09% cap rate. This turnkey asset offers stable cash flow and significant upside potential, with the possibility of further rent increases and additional remodeling opportunities. The property's strategic location near major freeways (91, 57, and 5) provides easy access to employment centers in Los Angeles, Anaheim, and Irvine. The building's aesthetic appeal, enhanced by the recent renovations, makes it a highly desirable property in the area. The property's APN is 031-331-04. The asking price is $2,700,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,000,663

  6.5%

  $923,689

  7%

  $857,711

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,064,674

  Geo Method

  $1,120,000

• Alternative Use

  Use

  Valuation

  Residential

  $923,689

  Hospitality

  $846,094

  Educational

  $703,940

  Medical

  $728,150

  Retail

  $1,095,018

Location Insight

City

Fullerton

County

Orange

State

California

Latitude

33.8663

Longitude

-117.948

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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