3100 Quartz LnFullerton, CA 92831

Property Details for 3100 Quartz Ln

Year built

1964

Lot size

1.99 AC

Property size (Sq ft)

46,369 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 43-unit multifamily investment opportunity in Fullerton, CA, presents a compelling return. The portfolio comprises ten buildings situated on 1.99 acres across seven contiguous parcels, offering a desirable mix of spacious two- and three-bedroom floor plans. Built in 1964, the property boasts 46,369 square feet and features ten remodeled on-site laundry facilities, multiple common area courtyards, and private patios in select units. Ample parking is available with 60 garage spaces and abundant street parking. The property's strategic location within 0.5 miles of California State University, Fullerton, a major employer, ensures high occupancy rates. Its proximity to shopping centers (Target, Albertsons, Ralphs, Kohl's), and the planned Placentia Metrolink Station (opening Summer 2025), further enhances its appeal. Convenient access to State Routes 57 and 91 provides easy commutes throughout Southern California. The current NOI is $790,149, with a pro-forma NOI of $983,753, resulting in a 4.39% cap rate and a pro-forma cap rate of 5.47%. The asking price is $17,990,000, translating to $418,372 per unit and $387.97 per square foot. The property is offered fee simple. APN numbers are 339-235-01

Location Insight

City

Fullerton

County

Orange

State

California

Latitude

33.8846

Longitude

-117.874

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].