3100 Quartz LN Fullerton, CA 92831
Sale
$17,990,000
43 Units
8 Beds
5 Baths
46,368 Area(sq.ft.)
86,684 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 39 | 2 | 1 | No | $ 92,030 | $ 92,030 | $ 107,250 |
| Unit 2 | 4 | 3 | 2 | No | $ 10,673 | $ 10,673 | $ 12,600 |
| Unit 3 | 3 | 3 | 2 | No | $ 7,668 | $ 7,668 | $ 9,450 |
| 3 | 46 | 99 | 53 | $ 3,654,866 | $ 3,654,866 | $ 4,261,500 |
| MLS #: | OC23225443MR |
| Days On Market: | 83 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 388 |
| Price per unit: | $ 418,372 |
| Year Built: | 1964 |
Property Details
The Quartz Portfolio, a 43-unit multifamily investment opportunity located in Fullerton, CA. Situated on seven neighboring parcels, the portfolio offers a highly-desirable mix of spacious two and three-bedroom floor plans. Each property in the portfolio features attractive amenities including a remodeled on-site laundry facility, private patios (select units), and ample garage parking. The Quartz Portfolio benefits from its excellent East Fullerton location within 0.50 miles of California State University, Fullerton (CSUF), a major employment and housing driver for the area. Residents enjoy convenient access to nearby shopping centers that feature popular retailers including Target, Albertsons, Ralphs, Kohl s, and more. Additionally, The Quartz Portfolio is just 1.25 miles north of the planned Placentia Metrolink Station, expected to open in the summer of 2025, which will offer service between Downtown Los Angeles and Riverside. Furthermore, the portfolio benefits from its close proximity to State Routes 57 and 91, connecting residents to employment hubs throughout Southern California. In summary, The Quartz Portfolio s fantastic location offers residents a wide variety of recreation, employment, transportation, and retail amenities, which together will help to attract a diverse renter pool. This overall demand for well-located and maintained apartment buildings will be a key driver in the continued growth and success for The Quartz Portfolio.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Gross Operating Income: | $ 1,283,031 |
| Total Annual Expense: | $ 455,909 |
| Net Operating Income: | $ 790,149 |
| Cap Rate: | 4.39% |
| Gross Rent Multiplier: | 14.02 |
| Actual Gross Rent: | $ 1,232,436 |
Structure
| Community Features: | Curbs, Sidewalks |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
| Total Parking: | 60 |
Interior
| Laundry: | Community |
Exterior
| Pool: | No |
Detailed Map
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Income
