119 W Valencia Drive, Fullerton, California 92832, Fullerton, - bed, bath
ACTIVE$998,000
119 W Valencia Drive, Fullerton, California 92832
0Bed
0Bath
1,932Sqft
436Lot
Year Built
1960
Close
-
List price
$998K
Original List price
$998K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25199829
Home ConditionFair
Features
View-
About this home
Outstanding Investment Opportunity! Rare chance to own two detached single-family homes on one lot. Each home features 2 bedrooms and 1 bathroom, both currently 100% occupied-a strong income-producing property from day one. Both units are separately metered for gas and electricity, with tenants responsible for their own utilities, ensuring lower operating costs for the owner. Prime Fullerton location just minutes from Downtown Fullerton, dining, Costco, theaters, and shopping. Excellent long-term investment with steady rental demand in a highly desirable area
Price History
Date
Event
Price
09/05/25
Listing
$998,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (3 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 1,932 | 1,632 | 75% |
| Lot Size | 436 | 5,559 | 25% |
| Price | $998K | $997K | 50% |
| Price per square foot | $517 | $714 | 25% |
| Built year | 1960 | 9610973 | 100% |
| HOA | |||
| Days on market | 61 | 146 | 25% |
Condition Rating
Fair
Built in 1960, this property shows signs of regular maintenance and some recent updates, but retains many original or older features. The bathroom features a modern vanity and backlit mirror, but the shower/tub tile appears older and shows wear. Living areas have decent laminate/hardwood flooring. However, there are no clear images of the kitchen(s), which is a critical component for assessment. The overall condition suggests a functional home that is aged but maintained, requiring minor updates to modernize fully, especially in the kitchen(s).
Pros & Cons
Pros
Immediate Income Generation: Property features two 100% occupied detached single-family homes, ensuring strong and immediate rental income from day one.
Optimized Operating Costs: Separately metered utilities for gas and electricity mean tenants bear their own utility expenses, significantly reducing owner operating costs.
Highly Desirable Location: Situated in a prime Fullerton location, offering proximity to Downtown amenities, dining, shopping, and entertainment, which drives consistent rental demand.
Dual Detached Residences: The unique configuration of two detached single-family homes on one lot provides enhanced privacy and appeal for tenants, potentially commanding higher rents.
Strong Long-Term Investment: Positioned in a sought-after area with steady rental demand, making it an excellent asset for long-term appreciation and investment stability.
Cons
Age and Potential for Capital Expenditures: Built in 1960, the property may require significant updates to systems (e.g., plumbing, electrical, HVAC) or cosmetic renovations to maintain competitiveness and tenant satisfaction.
Limited Unit Configuration: Both units are 2 bedrooms and 1 bathroom, which may restrict the tenant pool to smaller households and limit potential for higher rental income compared to properties with larger units.
Extremely Small Lot Size: The listed lot size of 436 sqft is exceptionally small for two detached homes, suggesting minimal outdoor space and potentially limiting future expansion or property value growth.