Allure Capital Management, as the exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 1310 Valencia (the "Property"), a 6-unit, garden-style apartment building in the Orange County submarket of Southern California. The Property is centrally located in the City of Fullerton, an up-and-coming neighborhood that is home to renowned educational institutes such as California State University, Fullerton (CSUF), and Fullerton College. The Property is also proximate to Southern California's well-connected highway network, including the 91, 57, and 5 freeways, offering access to major employment centers such as Downtown Los Angeles, Anaheim, and Irvine. Fullerton's central location allows residents to enjoy the suburban lifestyle while being within reasonable reach of bustling urban centers.
In 2023, the property underwent a transformative $485,000 renovation, strategically enhancing its infrastructure with upgraded plumbing, irrigation, and electrical systems. Beyond these essential improvements, the exterior of the property received a stylish makeover, elevating its aesthetic appeal. In 2024, Unit 1310 (1/2) underwent a $60,000 renovation. In total, four out of the six units have received substantial upgrades since 2023, further enhancing the overall quality and modernity of the living spaces. This comprehensive revitalization underscores a commitment to providing residents with not only functional efficiency but also an elevated and contemporary living experience.
The Property features six covered parking spots located in a garage at the rear of the Property, three tandem surface stalls at the rear of the Property, an on-site washer and dryer (upgraded in 2023), three fully-renovated units, and an aesthetic garden and walkway. The Property is 100% leased and provides investors with the opportunity to upgrade the three units that have not yet been renovated and benefit from premium rent.