3169-3175 Quartz Ln - Apartments FOR SALE


Fullerton, CA 92831
$4,150,000 USD
714-608-3255
3169-3175 Quartz Ln, Fullerton, CA for Sale
$4,150,000 USD
Apartments - FOR SALE
1/26
null | 5.16% Cap Rate

3169-3175 Quartz Ln
Fullerton, CA 92831


HIGHLIGHTS

  • 5.16% CAP Rate on Current Income with Upside in Rents
  • Recent Extensive Renovations & Upgrades of Interiors and Exterior Including New Roofs
  • Excellent Unit Mix Consisting of (1) Large 2 Bed/ 2 Bath Townhouse Plus Den and (8) Large 2 Bed/ 1 Bath Units / Large Units Featuring Walk-In Closets
  • Private Enclosed Garages & Large Patios / Large Gated Entry Courtyard with Private Access / Two On-Site Laundry Rooms / On-Site Amazon Secured Lockers
  • Separately Metered for Gas & Electric / Low Expense Building / Highly Desirable Fullerton Location & Minutes to Cal State Fullerton
  • Walking Distance to Schools, Retail, & Employment

OVERVIEW

The Quartz Lane Apartments is a nine-unit apartment community located in the highly desirable submarket of Fullerton within the Greater Orange County area. The property offers a very attractive unit mix consisting of (1) large two-bedroom/ two-bathroom townhouse and (8) large two-bedroom/ one-bathroom units totaling 9,831 square feet, situated over a large 17,437 square foot lot. The property has undergone recent renovations and upgrades of the interiors and exterior. Some upgrades include but are not limited to new windows, new kitchens, new appliances, recessed lighting, new bathrooms, new fencing / gates, new flooring, and new roofs. Tenant amenities include a large, nicely landscaped courtyard, large patios, enclosed garages, on-site laundry rooms, secured Amazon lockers, and large units featuring walk-in closets and double sink vanities. Fullerton is revered as “The Education Community”, and is home to award-winning public school systems and five universities/colleges, including California State University, Fullerton. The Quartz Lane Apartments offers a rare opportunity for an investor to acquire a well-located, stabilized, turn-key investment property in the desirable rental market of Fullerton, California. The location offers an area known for its strong tenancy, good rent growth, and a historically high occupancy rate.

FOR SALE DETAILS

PRICE

$4,150,000 USD

PRICE/SF

$422 USD /SF

# OF UNITS

9

PRICE/UNIT

$461,111

CAP RATE

5.16%

% LEASED

-

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

14

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,437 SF

ZONING

R3

APN/PARCEL ID

339-233-14

ASK ABOUT THIS PROPERTY

Greg BassirpouMarcus & MillichapMore Info
714-608-3255

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Greg BassirpouMarcus & MillichapMore Info
714-608-3255

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