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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Altie Schmitt

Altie Schmitt

+1(925) 528-8000
Listed by Ryan Anderson • R L M Equities
$1,150,000
Est. payment /mo
1,972 SqFt
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Key Details

Property Type Single Family Home, Multi-Family

Sub Type OTHER

Listing Status Pending

Purchase Type For Sale

Square Footage 1,972 sqft

Price per Sqft $583

MLS Listing ID CRNP25060020

HOA Y/N No

Originating Board Datashare California Regional

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

Fireplace No

Laundry No Hookups

Building

Lot Description Corner Lot

Water Public

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Altie Schmitt

+1(925) 528-8000

Partner at Village Associates | License ID: 00924672

Partner at Village Associates License ID: 00924672

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