$2,300,000
$1,150,000
100.0%For more information regarding the value of a property, please contact us for a free consultation.
1,972 SqFt
SOLD DATE : 05/22/2025
Key Details
Sold Price $2,300,000
Property Type Single Family Home
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 1,972 sqft
Price per Sqft $1,166
MLS Listing ID NP-25059057
Sold Date 05/22/25
Year Built 1953
Lot Size 9,148 Sqft
Property Sub-Type Apartment
Property Description
Contact for property brochure. This property is for sale with its neighboring property 1938 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
Fireplaces Type None
Laundry None
Exterior
Parking Features Gated
Garage Spaces 3.0
Pool None
Community Features Curbs
Building
Lot Description Corner Lot
Sewer Public Sewer
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Lic# 01770909 | 01834114