See all 25 photos
25 photos
$1,405,000
$1,995,000 29.6%
Est. payment /mo
0.51 Acres Lot
UPDATED:
Key Details
Sold Price $1,405,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW24215159
Sold Date 12/27/24
HOA Y/N No
Year Built 1961
Lot Size 0.510 Acres
Property Description
C-Class Office Building with Redevelopment Potential at 1309 W Valencia, Fullerton
This 6,245 sq ft C-class office building offers a unique investment opportunity in Fullerton's designated redevelopment zone. Built in 1961 and situated on a half-acre lot, the property includes 11 fully leased office suites generating nearly $12,000 per month in rental income.
While the building has deferred maintenance and would benefit from upgrades, its consistent occupancy and income make it an attractive asset. Additionally, its location in a special redevelopment area opens the door for higher-density residential or mixed-use redevelopment, presenting an opportunity for investors to maximize returns by transforming the property to meet Fullerton's growth and housing demand.
With stable income, great location, and strong redevelopment potential, this property is ideal for investors seeking both immediate cash flow and future value appreciation.
This 6,245 sq ft C-class office building offers a unique investment opportunity in Fullerton's designated redevelopment zone. Built in 1961 and situated on a half-acre lot, the property includes 11 fully leased office suites generating nearly $12,000 per month in rental income.
While the building has deferred maintenance and would benefit from upgrades, its consistent occupancy and income make it an attractive asset. Additionally, its location in a special redevelopment area opens the door for higher-density residential or mixed-use redevelopment, presenting an opportunity for investors to maximize returns by transforming the property to meet Fullerton's growth and housing demand.
With stable income, great location, and strong redevelopment potential, this property is ideal for investors seeking both immediate cash flow and future value appreciation.
Location
State CA
County Orange
Area 83 - Fullerton
Interior
Fireplace No
Laundry None
Building
Lot Description 26-30 Units/Acre
Story 1
Water Public
Others
Tax ID 03115023
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
Special Listing Condition Standard
Read Less Info
Listed by Kay Meewan Lee • Circa Properties, Inc.
Bought with General NONMEMBER • NONMEMBER MRML
Bought with General NONMEMBER • NONMEMBER MRML