3116 Quartz Lane, Fullerton, California 92831, Fullerton, - bed, bath
ACTIVE$1,795,000
3116 Quartz Lane, Fullerton, California 92831
0Bed
0Bath
4,142Sqft
8,712Lot
Year Built
1964
Close
-
List price
$1.79M
Original List price
$2.05M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
OC24241567
Home ConditionFair
Features
Good View: None
View-
About this home
JUST REDUCED! This 4 unit multi-family investment property is in one of the most highly desirable rental areas in Orange County. Fabulous opportunity to own 4 units at approximately 1000 square feet each. Owners unit includes 2 beds/2 baths and the other 3 units are 2 beds/1bath. Each unit has one garage parking space and there is an additional 2 car garage that could be rented for extra income stream. Close to Cal State Fullerton with nearby access to the 57 Freeway for easy transition to many freeway arteries in Orange and LA Counties. Close to shopping and dining as well as a 15 minute drive to the Honda Center, Angels Stadium, and Disneyland. Back on market subject to successful cancellation of current escrow.
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (6 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 4,142 | 3,258 | 86% |
| Lot Size | 8,712 | 7,405 | 71% |
| Price | $1.79M | $1.4M | 86% |
| Price per square foot | $433 | $477 | 43% |
| Built year | 1964 | 1964 | 50% |
| HOA | |||
| Days on market | 335 | 209 | 86% |
Condition Rating
Fair
The property was built in 1964. The images do not show the interior of the units, so it is difficult to assess the condition of the kitchens and bathrooms. However, based on the age of the property, it is likely that the units require some updates or repairs. The property appears to be maintained, but the lack of visible updates suggests a 'fair' condition.
Pros & Cons
Pros
Investment Opportunity: The property is a 4-unit multi-family investment in a highly desirable rental area of Orange County, offering immediate income potential.
Unit Size: Each unit is approximately 1000 square feet, providing comfortable living spaces for tenants.
Parking: Each unit has one garage parking space, plus an additional 2-car garage that can be rented for extra income.
Location - University Proximity: Close proximity to Cal State Fullerton makes it attractive to students and faculty, ensuring a steady rental demand.
Location - Freeway Access: Easy access to the 57 Freeway provides convenient commutes to other parts of Orange and LA Counties.
Cons
Age of Property: Built in 1964, the property may require updates and maintenance to meet modern standards and tenant expectations.
Back on Market: The property being back on the market suggests potential issues with previous transactions that need to be addressed.
Potential Renovation Costs: While not explicitly stated, older properties often require renovations to maximize rental income and property value.