3169 Quartz Lane, Fullerton, CA 92831

  • $4,150,000
  • $422
3169 Quartz Lane, Fullerton, CA 92831
  • Residential Income
  • Property Type
  • 14.00
  • Garages
  • 1964
  • Year Built
For Sale

3169 Quartz Lane, Fullerton, CA 92831

3169 Quartz Lane, Fullerton, CA 92831
  • $4,150,000
  • $422

Description

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 with a 5.16% CAP Rate on current income. The location offers an area known for its strong tenancy, good rent growth, and a historically high occupancy rate.

  • Address 3169 Quartz Lane
  • City Fullerton
  • State/county CA
  • Zip/Postal Code 92831
  • Area 699 - Not Defined
  • Country United States

Details

Updated on June 11, 2024 at 10:47 pm
  • Property ID: 16017180
  • Price: $4,150,000
  • Land Area: 17437.00 Sqft
  • Garages: 14.00
  • Year Built: 1964
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 9831.00
  • MLS#: OC24113749
  • Office Name: MARCUS & MILLICHAP RE INVEST
  • Agent Name: Greg Bassirpou
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01365951
  • IDX Contact Info: 714-608-3255

Additional details

  • Sewer: Public Sewer
  • County: Orange
  • Property SubType: Apartment
  • Parking: 14.00
  • Water Source: Public

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Bill Qin
  • Bill Qin