$2,300,000
$1,150,000
100.0%For more information regarding the value of a property, please contact us for a free consultation.
1932 W Valencia Drive Fullerton, CA 92833
3 Beds
2 Baths
Key Details
Sold Price $2,300,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NP25059057
Sold Date 05/22/25
Bedrooms 3
Property Sub-Type Res Income 2-4 Units
Property Description
Contact for property brochure. This property is for sale with its neighboring property 1938 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
Zoning Public Rec
Direction Major cross streets are Brookhurst & N. Gilbert
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 03041104
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Bought with Brian Froussine FIV Realty Co.