3100 Topaz Lane, Fullerton, California 92831, Fullerton, 92831 - bed, bath

3100 Topaz Lane, Fullerton, California 92831 home-pic-0
ACTIVE$2,199,951
3100 Topaz Lane, Fullerton, California 92831
0Bed
0Bath
4,319Sqft
8,276Lot
Year Built
1964
Close
-
List price
$2.2M
Original List price
$2.2M
Price/Sqft
$509
HOA
-
Days on market
-
Sold On
-
MLS number
PW25253285
Home ConditionFair
Features
Deck
Patio
View-

About this home

We found 4 Cons,5 Pros. Rank: price - $2.20M(89th), sqft - 4319(78th), beds - undefined(50th), baths - undefined(50th).

Discover an exceptional investment opportunity at 3100 Topaz Lane, a pride-of-ownership fourplex nestled on a prime corner lot in Fullerton's desirable College Greens neighborhood. Built in 1964 by the renowned Covington Builders, this well-maintained property spans approximately 4,319 square feet and features a strong unit mix: one spacious 3-bedroom, 2-bathroom unit (1,198 sq ft) and three comfortable 2-bedroom units (one with 2 bathrooms at 1,048 sq ft, one with 1.5 bathrooms at 1,038 sq ft, and one with 1 bathroom at 1,008 sq ft). Each unit boasts generous living spaces with tile flooring in the living areas, individual meters for electricity and gas, and private outdoor areas—three with patios and one with a spacious deck. Recently painted exteriors enhance the curb appeal, while practical amenities include a private laundry facility, alley access to garages, and a total of 5 garage parking spaces for added convenience. This low-maintenance gem benefits from long-term tenants and is poised for strong cash flow with rents at market rates—currently aligned with Fullerton's averages of around $2,600 for 2-bedroom units and $3,200-$3,500 for 3-bedroom units, offering excellent upside potential. The neighborhood is highly walkable, with entertainment venues, restaurants, pharmacies, parks, and recreational areas just a short stroll away, fostering a sense of community perfect for families. Top-rated schools in the Placentia-Yorba Linda Unified School District, including Topaz Elementary, Col. J.K. Tuffree Middle, and El Dorado High, add to the appeal for tenants seeking quality education options. Don't miss this turnkey multifamily property in a sought-after location—schedule a viewing today!

Price History

Date
Event
Price
11/18/25
Listing
$2,199,951
11/13/23
Sold
$1,665,000
11/17/94
Sold
$225,000
Condition Rating
Fair

The property, built in 1964, is 60 years old. While the exterior has been recently painted and the property is described as 'well-maintained,' there are no interior photos of kitchens or bathrooms, which are critical for a higher score. The description also lacks details on major system updates (HVAC, electrical, plumbing) and explicitly notes 'Age of Construction' as a weakness, implying older infrastructure. The visible window AC unit further suggests outdated cooling systems. Given the age and lack of specific interior renovation details, it's highly probable that the kitchens and bathrooms are original or have only received minor, dated updates, requiring future modernization to meet current standards and maximize rental potential. The property is functional and maintained, but major components are likely outdated.
Pros & Cons

Pros

Exceptional Investment Opportunity: The property is explicitly highlighted as an 'exceptional investment opportunity' with 'strong cash flow' and 'excellent upside potential' due to market-aligned rents and long-term tenants.
Prime Location & Walkability: Situated on a prime corner lot in Fullerton's desirable College Greens neighborhood, offering high walkability to entertainment, restaurants, pharmacies, parks, and recreational areas.
Strong Unit Mix & Features: Features a desirable unit mix including a spacious 3-bedroom unit and three comfortable 2-bedroom units, each with generous living spaces, tile flooring, individual meters, and private outdoor areas.
Top-Rated School District: Located within the highly-regarded Placentia-Yorba Linda Unified School District, including top-rated elementary, middle, and high schools, enhancing tenant appeal.
Well-Maintained & Practical Amenities: Described as a 'well-maintained' and 'low-maintenance gem' with recently painted exteriors, a private laundry facility, alley access, and 5 garage parking spaces for convenience.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8276, other record lot size in square feet = 8206.
Age of Construction: Built in 1964, the property's age, despite being well-maintained, may imply older infrastructure and potential for future capital expenditures on major systems (e.g., plumbing, electrical, roofing) not explicitly updated.
Lack of Specific HVAC Information: The description does not specify the presence or type of individual unit heating or cooling systems (like air conditioning), which could be a comfort concern for tenants and a potential upgrade cost for the owner.
Potential for Rent Optimization Effort: While rents are aligned with market averages, the mention of 'long-term tenants' and 'excellent upside potential' suggests that maximizing rental income may require strategic management, tenant turnover, or further unit enhancements.

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