1140 W Valencia Dr - Apartments FOR SALE


Fullerton, CA 92833
$3,668,000 USD
714-371-9225
1140 W Valencia Dr, Fullerton, CA for Sale
$3,668,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

1140 W Valencia Dr
Fullerton, CA 92833


HIGHLIGHTS

  • Just Minutes from Downtown Fullerton with a Variety of Restaurants and Shopping
  • Individually Metered for Gas and Electric
  • Each Unit has its Own Water Heater
  • Strong Rental Market with Roughly 21% Upside in Rental Income

OVERVIEW

Built in 1954, the Villa Valencia Apartments are two six unit buildings situated on two contiguous parcels with a large gated courtyard between the buildings. The unit mix is twelve 1 bedroom/1 bathroom units. Electricity and gas are individually metered with individual water heaters in each unit. Property is master metered for water. Ample parking with twelve garage spaces and two uncovered parking spaces. Tenants also have access to a shared laundry room with two washer and two dryer units. Most of the units have had recent renovations including new kitchens, bathrooms, and flooring. A new roof was installed over the garages roughly five years ago. Property includes a large concrete covered area near the garages for possible ADU development.

FOR SALE DETAILS

PRICE

$3,668,000 USD

PRICE/SF

$472 USD /SF

# OF UNITS

12

PRICE/UNIT

$305,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Villa Valencia

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,200 SF

ZONING

R-3

APN/PARCEL ID

031-363-09,031-363-10

ASK ABOUT THIS PROPERTY

Sean RileyCBRE, Inc.More Info
714-371-9225

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Sean RileyCBRE, Inc.More Info
714-371-9225

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.