3024 Garnet Lane, Fullerton, California 92831, Fullerton, - bed, bath
ACTIVE$1,395,000
3024 Garnet Lane, Fullerton, California 92831
0Bed
0Bath
3,258Sqft
6,970Lot
Year Built
1964
Close
-
List price
$1.4M
Original List price
$1.6M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
IG24132140
Home ConditionFair
Features
Patio
View-
About this home
LOCATION! Wonderful investment opportunity for this quadruplex property located in Fullerton at 3024 Garnet Lane Fullerton. Property features Four Units total including 2 bedroom/1 bath and well maintain. Open floor plan. Each unit has Private Patio with brick walls. Central laundry room. There are 4 car garage.
Price History
Date
Event
Price
08/31/25
Price Change
$1,395,000
07/02/24
Listing
$1,600,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (6 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 3,258 | 3,258 | 50% |
| Lot Size | 6,970 | 7,405 | 29% |
| Price | $1.4M | $1.4M | 50% |
| Price per square foot | $428 | $477 | 29% |
| Built year | 1964 | 1964 | 50% |
| HOA | |||
| Days on market | 491 | 210 | 86% |
Condition Rating
Fair
Built in 1964, this quadruplex appears to be well-maintained but significantly dated. The kitchens feature original or very old white cabinets with wood trim, dated laminate countertops, and a mix of older white and slightly newer stainless steel appliances. Flooring throughout the units consists of older wood-look laminate, vinyl tiles, and worn carpeting. There's evidence of window AC units, suggesting a lack of central air conditioning. While the property is functional and appears to have been regularly maintained, the overall aesthetic and features are outdated, requiring minor to moderate updates to kitchens, bathrooms (not pictured but likely similar condition), and general finishes to meet modern standards. It is not in disrepair, but it has not undergone a recent extensive renovation.
Pros & Cons
Pros
Strong Investment Potential: Explicitly marketed as a 'Wonderful investment opportunity' due to its quadruplex nature, offering multiple income streams.
Multiple Income Streams: Comprises four 2-bedroom/1-bath units, providing diversified rental income and potentially higher cash flow.
Desirable Location: Located in Fullerton, a well-regarded city in California, which typically commands stable rental demand and property values.
Tenant-Friendly Amenities: Each unit includes a private patio with brick walls, and there is a convenient central laundry room, enhancing tenant appeal and retention.
Ample Parking: Features a 4-car garage, providing dedicated and valuable parking for tenants, a significant advantage for multi-unit properties.
Cons
Age of Property: Built in 1964, the property is 60 years old, which may indicate a need for significant capital expenditures for system updates (plumbing, electrical, HVAC) and general renovations to meet modern standards.
Lack of Detailed Unit Upgrades: While described as 'well maintain,' the listing does not specify recent renovations or modern finishes within the units, which could impact potential rental rates and tenant attraction.
Currently Under Contract: The property is listed as 'Pending,' meaning it is currently under contract and not actively available for new offers, limiting immediate investment opportunities.