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926 West Valencia Mesa Drive, Fullerton, California 92835, Fullerton, 92835 - 3 bed, 2 bath

926 West Valencia Mesa Drive, Fullerton, California 92835 home-pic-0
ACTIVE$1,500,000
926 West Valencia Mesa Drive, Fullerton, California 92835
3Beds
2Baths
1,808Sqft
21,200Lot

Price Vs. Estimate

The estimated value ($956,354.665) is $543,645.335 (36%) lower than the list price ($1,500,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 21200, living area = 1808.
Top Cons:
Age and Condition of Existing Home: The 1949 single-level home, while having 'vintage charm,' likely requires extensive restoration, expansion, or a complete rebuild to meet modern luxury standards.

Compared to the nearby listings

Price:$1.50M vs avg $1.35M (+$149,912)58%
Size:1,808 sqft vs avg 2,162 sqft31%
Price/sqft:$830 vs avg $63692%

More Insights

Built in 1949 (76 years old).
Condition: The property was built in 1949, making it over 75 years old. The listing description explicitly states that 'the value is in the land and the lifestyle' and presents the existing home as a 'blank slate' for buyers to 'restore, expand, or start fresh' to build a 'custom luxury residence.' This strong emphasis on the land's potential and the option to 'start fresh' (demolish) indicates that the current structure holds minimal value for the target luxury market. The absence of any interior photos further suggests that the kitchen, bathrooms, and other interior components are likely original or very outdated, requiring complete replacement rather than minor updates. This aligns with the 'tear-down' criteria where the property's value is based solely on the land and its potential for redevelopment, and the structure is considered functionally beyond repair for its intended high-end use.
Year Built
1949
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$830
HOA
-
Days on market
-
Sold On
-
MLS number
PW25135464
Home ConditionTear down
Features
Patio
View-

About this home

Discover the rare potential of this nearly half-acre flat property nestled in one of Fullerton's most coveted luxury enclaves. Tucked behind mature trees and offering privacy and space, this expansive lot presents the ideal canvas to build your dream estate, private compound or luxury home with an ADU. The existing 1949 single-level home offers approximately 1808 square feet of vintage charm featuring classic details and a layout that invites imagination - whether you choose to restore, expand, or start fresh. Surrounded by multi-million dollar residences, this property is a blank slate for creating a custom luxury residence with room for a guest house, pool, gardens, and more - all while enjoying the character and serenity of an established, upscale neighborhood. Located within walking distance to award-winning Sunny Hills High School and within a short distance to the famed St. Jude Medical Center Complex, the possibilities are endless. This is an extraordinary chance to secure land in one of Fullerton's most coveted luxury corridors. Whether you renovate, expand or start fresh, the value is in the land and the lifestyle.

Condition Rating
Tear down
The property was built in 1949, making it over 75 years old. The listing description explicitly states that 'the value is in the land and the lifestyle' and presents the existing home as a 'blank slate' for buyers to 'restore, expand, or start fresh' to build a 'custom luxury residence.' This strong emphasis on the land's potential and the option to 'start fresh' (demolish) indicates that the current structure holds minimal value for the target luxury market. The absence of any interior photos further suggests that the kitchen, bathrooms, and other interior components are likely original or very outdated, requiring complete replacement rather than minor updates. This aligns with the 'tear-down' criteria where the property's value is based solely on the land and its potential for redevelopment, and the structure is considered functionally beyond repair for its intended high-end use.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 21200, living area = 1808.
Expansive Development Potential: The nearly half-acre flat lot offers an exceptional canvas for building a custom luxury estate, private compound, or a new home with an ADU, guest house, pool, and gardens.
Prestigious Luxury Location: Situated in one of Fullerton's most coveted luxury enclaves, surrounded by multi-million dollar residences, ensuring a high-value and desirable neighborhood.
Highly-Rated School Access: Located within walking distance to the award-winning Sunny Hills High School, appealing to families seeking top-tier education.
Enhanced Privacy and Serenity: Mature trees provide significant privacy and contribute to the serene, established atmosphere of the upscale neighborhood.
Land Value Focus: The property's primary value lies in its substantial land, offering unparalleled flexibility for renovation, expansion, or new construction to maximize its potential.

Cons

Age and Condition of Existing Home: The 1949 single-level home, while having 'vintage charm,' likely requires extensive restoration, expansion, or a complete rebuild to meet modern luxury standards.
Significant Capital Investment Required: Given the emphasis on building a 'dream estate' or 'starting fresh,' buyers should anticipate substantial additional investment beyond the purchase price for development or major renovations.
Underutilization of Lot Potential: The current 1808 sqft home does not fully leverage the nearly half-acre lot, suggesting the existing structure is a placeholder for a larger, more modern luxury residence.

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