CA > Fullerton
Fullerton, CA 92833,1938 W Valencia DR
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Fullerton, CA 92833,1938 W Valencia DR
Fullerton, CA 92833,1938 W Valencia DR
Fullerton, CA 92833,1938 W Valencia DR
Fullerton, CA 92833,1938 W Valencia DR
Erica Valdez
Erica Valdez

Realtor | License ID: 02147059

+1(562) 221-7800

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$ 2,300,000

$ 1,150,000 100.0%

Est. payment /mo
Sold on 05/22/2025

1938 W Valencia DR Fullerton, CA 92833

9,147 Sqft Lot

UPDATED:

Key Details

Sold Price $2,300,000

Property Type Apartment

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID NP25060020

Sold Date 05/22/25

HOA Y/N No

Year Built 1953

Lot Size 9,147 Sqft

Property Sub-Type Apartment

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

Area 699 - Not Defined

Interior

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Garage Spaces 3.0

Carport Spaces 1

Garage Description 3.0

Pool None

Community Features Curbs

Total Parking Spaces 4

Private Pool No

Building

Lot Description Corner Lot

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 03041105

Energy Description 1200.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Cash to Loan

Special Listing Condition Standard

CRMLS – RECore
Listed by Ryan Anderson R L M Equities 949-290-0199
Bought with Brian Froussine FIV Realty Co.

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Erica Valdez

+1(562) 221-7800

erica@valdezhomes.net

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1938 W Valencia DR