1132 W Valencia Dr, Fullerton, CA 92833

Villa Valencia is a twelve unit multifamily investment opportunity located in one of the most desirable rental markets in Orange County. Fullerton is well located with Brea, La Habra, Buena Park, Placentia, and Anaheim as its boarder cities. This property is within close proximity to Downtown Fullerton providing tenants with nearby access to shops and restaurants. Built in 1954, the Villa Valencia Apartments are two six unit buildings situated on two contiguous parcels (APN: 031-363-09 & 031-363-10) with a large gated courtyard between the buildings. The unit mix is twelve 1 bedroom/1 bathroom units. Electricity and gas are individually metered with individual water heaters in each unit. Property is master metered for water. Ample parking with twelve garage spaces and two uncovered parking spaces. Tenants also have access to a shared laundry room with two washer and two dryer units. Most of the units have had recent renovations including new kitchens, bathrooms, and flooring. A new roof was installed over the garages roughly five years ago. Property includes a large concrete covered area near the garages for possible ADU development.