$2,300,000
SOLD MAY 22, 2025

1938 W Valencia Dr Fullerton, CA 92833

3 Beds
2 Baths
1,972 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$1,166 Per Sq Ft

100% Above List Price

23 Days on Market

About This Home

As of May 2025

Contact for property brochure. This property is for sale with its neighboring property 1932 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.

Last Agent to Sell the Property

Ryan Anderson

R L M Equities Brokerage Phone: 949-290-0199 License #01939764 Listed on: 03/19/2025

Last Buyer's Agent

Brian Froussine

FIV Realty Co. License #02237114

FIV Realty Co.

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1953

Lot Details

  • 9,148 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • 03041104

Parking

  • 3 Car Garage
  • 1 Carport Space

Interior Spaces

  • 1,972 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 1577
  • Assessor Parcel Number 03041105
  • $12,217 per year additional tax assessments

Community Details

Overview

  • 3 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Fuel Expense $1,200
  • Insurance Expense $2,169
  • Trash Expense $1,200
  • Water Sewer Expense $1,200
  • Operating Expense $20,319
  • Gross Income $70,824
  • Net Operating Income $50,505

Property Details

Home Type

Apartment

Year Built

Built in 1953

Lot Details

0

Parking

3

Listing Details

  • Other Phone Description: 9492900199
  • Price Per Unit: 383333
  • Property Attached: No
  • Water Sewer Expenses: 1200.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 03041105
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: Street
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 1166.33

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 1.00
  • Garage Spaces: 3.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 03041104
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 9148.00
  • Lot Size Acres: 0.2100

Multi Family

  • Electric Expense: 1200.00
  • Fuel Expense: 1200.00
  • Gross Income: 70824.00
  • Gross Scheduled Income: 72270.00
  • Insurance Expense: 2169.00
  • Lot Size Area: 9148.0000 Square Feet
  • Net Operating Income: 50505.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 20319.00
  • Rent Control: No
  • Total Expenses: 20319.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • Tax Census Tract: 19.01
  • Tax Lot: 3
  • Tax Tract Number: 1577
  • TaxOtherAnnualAssessmentAmount: 12217.00

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2025 05/22/25 Sold $2,300,000 +100.0% $1,166 / Sq Ft
04/11/2025 04/11/25 Pending -- -- --
03/19/2025 03/19/25 For Sale $1,150,000 -23.3% $583 / Sq Ft
09/25/2019 09/25/19 Sold $1,499,600 0.0% $380 / Sq Ft
08/20/2019 08/20/19 Pending -- -- --
08/09/2019 08/09/19 For Sale $1,499,600 -- $380 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ryan Anderson

    Seller's Agent in 2025

    Ryan Anderson

    R L M Equities

    (949) 290-0199

    2 in this area

    4 Total Sales

    Ryan Anderson
    Section Image

  • B

    Buyer's Agent in 2025

    Brian Froussine

    FIV Realty Co.

    (626) 534-5827

    2 in this area

    6 Total Sales

    Brian Froussine
    Section Image
  • James Bobbett

    Seller's Agent in 2019

    James Bobbett

    Circa Properties, Inc.

    (714) 928-9032

    11 in this area

    159 Total Sales

    James Bobbett
    Section Image

  • M

    Seller Co-Listing Agent in 2019

    Martina Bobbett

    Circa Properties, Inc.

    (714) 310-9446

    10 in this area

    131 Total Sales

    Martina Bobbett
    Section Image

  • C

    Buyer's Agent in 2019

    Chun Liu

    Keller Williams Coastal Prop.

    (562) 961-1400

    19 Total Sales

    Chun Liu
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP25060020

California Regional Multiple Listing Service (CRMLS)

APN: 030-411-05

California Orange County Fullerton 92833

1938 W Valencia Dr, Fullerton, CA

This home is located at 1938 W Valencia Dr, Fullerton, CA 92833 and is currently priced at $2,300,000, approximately $1,166 per square foot. This property was built in 1953. 1938 W Valencia Dr is a home located in Orange County with nearby schools including Pacific Drive Elementary School, Nicolas Junior High School, and Buena Park High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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