Bought with Brian Froussine
For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $2,300,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRNP25059057
Sold Date 05/22/25
Year Built 1953
Lot Size 9,148 Sqft
Property Sub-Type Triplex
Source California Regional MLS
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
Area 699 - Not Defined
Interior
Laundry None
Exterior
Garage Spaces 4.0
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 03041104
Special Listing Condition Not Applicable
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2025 MLSListings Inc. All rights reserved.