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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 8 out of 279
$1,499,600 Active Under Contract

1932 W Valencia Drive
Fullerton, CA 92833

6 units | Multi Family Home
18295 sq ft lot - MLS# PW19191161
Property Photo
1/28

Description

1932 & 1938 W. Valencia Drive in Fullerton provide a remarkable investor opportunity, two side-by-side tri-plex garden style buildings, each on their own parcels. A well maintained landscape and lush lawn wrap around this nearly ½ acre corner lot property. All units are single story with large patio/yards and are individually metered for gas and electricity. Each tri-plex consists of two 1 Bed, 1 Bath units and one 2 Bed, 1 Bath unit each with their own single car garage. This rare offering has not been offered to the market since the 1960's and offers tremendous upside potential. Enjoy a strong tenant base with areas of employment and convenient fwy access near by. These ranch style buildings are surrounded by single family homes, with homes across the street and directly behind across the alley.

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: 6 units
  • # of Parking Spaces: 12.00
  • Lot Size: 18295 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: 3944.00
  • Building Area Units: Square Feet
  • Cap Rate: 3.60
  • Carport Spaces: 2.00
  • Co-Listing Agent License: 01189723
  • Co-Listing Office License: 01272441
  • Community Features: Suburban
  • Construction Materials: Stucco
  • Cooling: Wall/Window Unit(s)
  • Cooling YN: Yes
  • Country: US
  • Direction Faces: North
  • Directions: Valencia to Courtney Ave. Property is at southeast corner of Valencia & Courtney.
  • Fence YN: Yes
  • Fencing: Fair Condition, Wood
  • Flooring: Carpet, Vinyl
  • Foundation Details: Slab
  • Garage Spaces: 6.00
  • Gardener Expense: 2400.00
  • Gross Scheduled Income: 83664.00
  • Heating: Wall Furnace
  • Heating YN: Yes
  • Insurance Expense: 1400.00
  • Laundry Features: In Kitchen, Inside
  • Laundry YN: Yes
  • Listing Agent License: 01272441
  • Listing Office License: 01272441
  • Lot Features: Corner Lot, Front Yard, Lawn, Level with Street, Lot 6500-9999
  • Lot Size Area: 18296.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 53834.00
  • New Taxes Expense: 16870.00
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 6
  • Operating Expense: 29830.00
  • Parking Features: Carport, Gravel, Garage - Three Door
  • Parking YN: Yes
  • Pest Control Expense: 400.00
  • Road Frontage Type: City Street
  • Roof: Composition
  • Room Type: All Bedrooms Down, Living Room
  • Security Features: Carbon Monoxide Detector(s)
  • Sewer: Public Sewer
  • Special Conditions Details: Standard,Trust
  • Stories Total: 1
  • Total Actual Rent: 80160.00
  • Total Expenses: 29830.00
  • Trash Expense: 516.00
  • Uncovered Spaces: 4.00
  • Water Sewer Expense: 3444.00
  • 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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