The FJO Group sourced and advised the purchase of 1310 W Valencia Drive, a six-unit apartment building in Fullerton, CA, for $1,720,000.
The property showed significant deferred maintenance at acquisition, but that created a clear value-add opportunity. Four of the six units need modernization, common systems are outdated, and rents average nearly 30% below market value. By executing strategic unit turnovers and addressing capital improvements, we position our client to capture both immediate rental upside and long-term appreciation.
Fullerton’s fundamentals strengthen the investment case. The 2020 Census reports population growth to over 143,000 residents, supported by demand from CSUF and Fullerton College, and a broader Orange County market with tight vacancy and rising rents. The property’s proximity to the 91, 57, and 5 freeways makes it attractive to commuters accessing major employment centers.
By identifying this opportunity, negotiating favorable terms, and guiding the acquisition, we secure a property that combines strong location, below-market rents, and scalable upside—a textbook value-add investment for our client.
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