CA > Fullerton
Fullerton, CA 92833,1938 W Valencia Drive
Fullerton, CA 92833,1938 W Valencia Drive
Fullerton, CA 92833,1938 W Valencia Drive
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$1,150,000
Est. payment /mo
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3 Beds
2 Baths
9,148 Sqft Lot
Pending

1938 W Valencia Drive Fullerton, CA 92833

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Richard Combs

Richard Combs

+1(619) 838-9307

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID NP25060020

Bedrooms 3

HOA Y/N No

Lot Size 9,148 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Contact for property brochure. This property is for sale with its neighboring property 1932 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.
Contact for property brochure. This property is for sale with its neighboring property 1932 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

Area Oc - Fullerton (92833)

Zoning Assessor

Building

Lot Description Corner Lot, Curbs

Story 1

Lot Size Range 7500-10889 SF

Level or Stories 1 Story

Others

Monthly Total Fees $1, 018

Space Rent $1,887

San Diego Regional MLS (SDMLS)
Listed by Ryan Anderson • R L M Equities

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agent

Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

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1938 W Valencia Drive

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