3100 Quartz Ln Fullerton, CA 92831
- Commercial real estate
- 46,369 SF
- 1.99 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 3100 Quartz Ln
- Year built
- 1964
- Lot size
- 1.99 lot acres
- Property size
- 46,369 SF
- Property type
- Commercial real estate
- APN
- 339-235-01; 339-235-02; 339-233-18; 339-233-19; 339-233-21; 339-233-22; 339-233-23
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
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fullerton
- County
- Orange
- State
- California
- Longitude
- -117.8738654991
- Latitude
- 33.884588678328
