3124 Pearl Dr - Apartments FOR SALE


Fullerton, CA 92831
$1,665,000 USD
949-942-1302
3124 Pearl Dr, Fullerton, CA for Sale
$1,665,000 USD
Apartments - FOR SALE
1/5
null | 3.82% Cap Rate

3124 Pearl Dr
Fullerton, CA 92831


HIGHLIGHTS

  • 100% 2-Bedroom and 2-Bathroom Units
  • Strong In-Place Rents
  • Amenities Include Garage Parking, On-Site Laundry, Private Patios and Balconies
  • Great Proximity to Six Shopping Centers for Shopping, Dining and Entertainment Options

OVERVIEW

The subject property features an extremely desirable unit mix comprised exclusively of two bedroom and two bath units totaling 3,820 square feet on a large, 8,744 square foot lot. 3124 Pearl Drive provides residents with amenities such as on-site laundry, six (6) garage parking spaces and one (1) surface space, private patios/balconies and walking distance to Pearl Park which features a playground, barbecue pits and picnic tables for residents to enjoy a nice outing. 3124 Pearl Drive also benefits from its strong location within the Fullerton sub-market being located near multiple shopping centers providing residents an abundance of shopping, entertainment, and dining options. The subject property is also located near a number of education institutions such as Kraemer Middle School, Valencia High School and Cal State Fullerton. Taking into consideration the subject property’s strong in-place rental income and 18% upside in rents, 3124 Pearl Drive offers a new owner an appealing opportunity to take advantage of the strong rental demand in the city of Fullerton.

FOR SALE DETAILS

PRICE

$1,665,000 USD

PRICE/SF

$436 USD /SF

# OF UNITS

4

PRICE/UNIT

$416,250

CAP RATE

3.82%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,750 SF

ZONING

R-3, Fullerton

APN/PARCEL ID

339-233-05

ASK ABOUT THIS PROPERTY

Jason KirklenKirklen Investment GroupMore Info
949-942-1302

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Jason KirklenKirklen Investment GroupMore Info
949-942-1302

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.