1938 W Valencia Drive Pending Save Request In-Person Tour Request Virtual Tour
Fullerton,CA 92833
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Pending
Purchase Type For Sale
Square Footage 1,972 sqft
Price per Sqft $583
MLS Listing ID CRNP25060020
Bedrooms 3
Year Built 1953
Lot Size 9,148 Sqft
Property Sub-Type OTHER
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.
Location
State CA
County Orange
Interior
Laundry No Hookups
Building
Lot Description Corner Lot
New Construction No