1310 W Valencia Drive — 6-Unit Multifamily | ACQUIRED — $1,720,000

The FJO Group represented the buyer in the acquisition of 1310 W Valencia Drive, a 6-unit multifamily property (4x 1BR/1BA, 2x 2BR/1BA).

This was a value-add acquisition with a clear business plan from day one. The asset was sourced and underwritten as a full repositioning play — acquired with rents and condition well below the property's potential, with upside to be captured through extensive renovation and a return to market rents. The buyer acquired the property in October 2021 at $1,720,000, the entry point for a multi-year value-creation hold.

A well-located Southern California multifamily asset, sourced for the buyer with a defined path to repositioning.