443 West Valencia Drive

Fullerton, CA 92832

$4,250,000
Price
24
Beds
11,238 Sq. Ft.
$378 / Sq. Ft.
11,238
Sq. Ft.
$378
per Sq. Ft.

Description

The Valencia Apartments present a lucrative opportunity with a cash-flowing 12-unit complex. Each unit is a two-story townhouse-style layout featuring 2 bedrooms and a full bathroom upstairs, along with a half bathroom on the ground floor. Residents can enjoy private patios connected to the living room. Over time, units have been upgraded as long-term tenants transitioned out. Key improvements include new forced-air units installed in 2018 and updated electrical panels in 2019. Conveniently located...The Valencia Apartments present a lucrative opportunity with a cash-flowing 12-unit complex. Each unit is a two-story townhouse-style layout featuring 2 bedrooms and a full bathroom upstairs, along with a half bathroom on the ground floor. Residents can enjoy private patios connected to the living room. Over time, units have been upgraded as long-term tenants transitioned out. Key improvements include new forced-air units installed in 2018 and updated electrical panels in 2019. Conveniently located near Downtown Fullerton and Fullerton Community College, this property combines modern amenities with an ideal location.
  1. Listed by Steven White • DRE #01925218 • Brokerage DRE #01978305 • SR White and Associates • 3106298661

Property Details for 443 West Valencia Drive

View
None
Parking Spaces Total
12
Private Pool
No
Cooling Type
N/K
Total Units
12.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
11238
LISTING UPDATED: 11/15/2024 07:37 AM

Property Details for 443 West Valencia Drive

StatusActive
MLS #PW24235030
Days on Market2
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
CountyOrange County

Building Information for 443 West Valencia Drive

Building/Complex443 W Valencia DrFloor-Stories2Residences-Pet Policy-Year Built1960Building Size-

Property Information for 443 West Valencia Drive

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $308,329
  • Gross Scheduled Income: $308,329
  • Net Operating Income: $221,396
  • Laundry Income: $3,961
  • Gross Multiplier: 13.78
  • Cap Rate: 5.21
Expense Details
  • Operating Expense: $86,933
  • New Taxes Expense: $45,329
  • Gardener Expense: $1,830
  • Fuel Expense: $613
  • Pest Control Expense: $1,012
  • Electric Expense: $596
  • Insurance Expense: $7,841
  • Maintenance Expense: $12,157
  • Professional Management Expense: $0
  • Other Expense: $4,989
  • Trash Expense: $7,938
  • Water Sewer Expense: $4,628
  • Total Expenses: $86,933
Tax / Assessment Info
  • Tax Tract Number: 2988
  • Tax Census Tract: 116.01
  • CFD/Mello-Roos Fee: $3,091
  • Tax Lot: 5
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Disposal, Gas Cooktop, Gas Water Heater
  • Equipment: Laundry Area
  • Room Type: All Bedrooms Up, Entry, Kitchen, Living Room
  • Bedroom Features: All Bedrooms Up
  • Water Heater Features: Gas
  • Water Heater Type: Gas
  • Laundry: Yes
  • Laundry Features: Common Area
  • Laundry Equipment Own Lease: Lease
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Heat Equipment: Forced Air Unit
  • Flooring: Carpet, Tile, Vinyl
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Composition
  • Entry Location: Ground Level
  • Fence: Yes
  • Fence: Vinyl, Wood
  • Fencing: Vinyl, Wood
  • Foundation Details: Slab
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 12
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 12
  • Parking: Yes
  • Parking Garage: Garage
  • Parking Garage Spaces: 12
  • Carport Spaces: 0
  • Parking Features: Garage, Off Street
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 7
  • Unit Type Beds Total: 14
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 7
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,003
  • Unit Type Total Rent: $2,003
  • Unit Type Pro Forma: 2003
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,300
  • Unit Type Total Rent: $2,300
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,145
  • Unit Type Total Rent: $2,145
  • Unit Type Pro Forma: 2145
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,390
  • Unit Type Total Rent: $2,390
  • Unit Type Pro Forma: 2390
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,167
  • Unit Type Total Rent: $2,167
  • Unit Type Pro Forma: 2167
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,341
  • Unit Type Total Rent: $2,341
  • Unit Type Pro Forma: 2341
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 12
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 13
  • Number Of Separate Water Meters: 2
  • Number With Range: 12
  • Number With Refrigerator: 0
  • Number With Disposal: 12
  • Number Wall AC: 3

Property History for 443 West Valencia Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 443 West Valencia Drive

Taxable ValueLand$2,054,962Additions$1,859,197Total$3,914,159
Tax Record2024$44,950 ($3,746 / month)
Home Facts
Total Finished SqFt11,240 SqFtAbove Grade Finished SqFt11,240 SqFtStories1Lot Size14,460 SqFtStyleMulti-Family Res (5+ Units)Year Built1960CountyORANGEAPN032-181-22

Schools near 443 West Valencia Drive

This home is within Fullerton Joint Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Richman Elementary School
PublicK to 6

Nicolas Junior High School
Public7 to 8

Fullerton Union High School
Public9 to 12

La Sierra High (Alternative) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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443 West Valencia Drive is a multi-family home for sale in Fullerton, CA 92832. This property was listed for sale on November 15, 2024 by SR White and Associates, it's currently listed at $4,250,000. It has been on the market for a total of 2 days and was last sold on August 17, 2018. This listing's school districts are Fullerton Joint Union High School District, Fullerton Elementary School District. Nearby schools include Richman Elementary School, Nicolas Junior High School and Fullerton Union High School. 443 West Valencia Drive is a 24-bed, 0-bath, 11,238 sqft multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of SR White and Associates, Steven White, DRE #01925218

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.