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John Chesshire
The Shire Real Estate Group
2651 East Chapman Avenue #103
Fullerton, CA 92831

714-317-8278
Contact Us
CA DRE#00922652 

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Listing 15 out of 279
$749,800 Active Under Contract

1932 W Valencia Drive
Fullerton, CA 92833

3 units | Multi Family Home
9148 sq ft lot - MLS# PW19190296
Property Photo
1/23

Description

Remarkable Fullerton income property opportunity! 1932 W. Valencia Drive is a classic 1950's garden style tri-plex property that provides an investor a fantastic up-side potential property that can be purchased alongside 1938 W. Valencia Drive, a mirror image tri-plex building. The property is situated on a spacious 9,100+ sq foot lot with a well maintained landscape, alley access and a detached 3-car garage. The first two units are 1 Bed, 1 Bath units, the front unit having just been freshly painted with new carpet and a newer water heater, the rear unit is a 2 Bed, 1 Bath. The middle and rear units in this building have updates to both the kitchens and bathrooms per the owner. All units have spacious patios/yards, most with covered patios. Your tenants will enjoy the feeling of single family living with single family homes across the street and across the rear alley. Individually metered for gas and electricity, trust sale, property to be sold as-is. Submit offers subject to inspection. Seller would prefer to sell both 1932 and 1938 buildings to one buyer.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active Under Contract
  • Zip Code: 92833
  • Year Built: 1953
  • Style: Ranch
  • Stories: One
  • Units: 3 units
  • # of Parking Spaces: 4.00
  • Lot Size: 9148 sq ft lot
  • Accessibility: No Interior Steps
  • Area: 83 - Fullerton
  • Appliances: Disposal, Gas Range
  • Appliances YN: Yes
  • Average Studio Area Units: Square Feet
  • Average1Bed Area: 600
  • Average2Bed Area: 800
  • Average2Bed Area Units: Square Feet
  • Average3Bed Area Units: Square Feet
  • Building Area Total: 1972.00
  • Building Area Units: Square Feet
  • Cap Rate: 3.80
  • Carport Spaces: 1.00
  • Co-Listing Agent License: 01189723
  • Co-Listing Office License: 01272441
  • Community Features: Sidewalks, Street Lights, Suburban
  • Construction Materials: Stucco
  • Cooling: Wall/Window Unit(s)
  • Cooling YN: Yes
  • Country: US
  • Direction Faces: North
  • Directions: Valencia to Courtney Ave. Property is one lot off southeast corner of Valencia & Courtney.
  • Fence YN: Yes
  • Fencing: Fair Condition, Wood
  • Flooring: Carpet, Vinyl
  • Foundation Details: Slab
  • Garage Spaces: 3.00
  • Gardener Expense: 1200.00
  • Gross Scheduled Income: 43584.00
  • Heating: Wall Furnace
  • Heating YN: Yes
  • Insurance Expense: 700.00
  • Interior Features: Ceiling Fan(s)
  • Laundry Features: In Kitchen, Inside
  • Laundry YN: Yes
  • Listing Agent License: 01272441
  • Listing Office License: 01272441
  • Lot Features: Front Yard, Lawn, Level with Street, Lot 6500-9999, Rectangular Lot, Level
  • Lot Size Area: 9148.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 28669.00
  • New Taxes Expense: 8435.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Wall AC: 2
  • Number With Carpet: 1
  • Number With Patio: 3
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 14915.00
  • Parking Features: Attached Carport, Gravel, Garage - Three Door
  • Parking YN: Yes
  • Pest Control Expense: 200.00
  • Road Frontage Type: City Street
  • Roof: Composition
  • Room Type: All Bedrooms Down, Living Room
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Sewer: Public Sewer
  • Special Conditions Details: Standard,Trust
  • Stories Total: 1
  • Total Actual Rent: 3632.00
  • Total Expenses: 14915.00
  • Trash Expense: 258.00
  • Utilities: Sewer Connected
  • Water Sewer Expense: 1722.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Reliance Real Estate Services, James Bobbett



The Shire Real Estate Group | 714-317-8278 | Contact Us
2651 East Chapman Avenue #103 - Fullerton, CA 92831
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