3119 Garnet, Fullerton, California 92831, Fullerton, - bed, bath

home-pic
ACTIVE$1,498,000
3119 Garnet, Fullerton, California 92831
0Bed
0Bath
6,516Sqft
7,405Lot
Year Built
1964
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
CV25237171
Home ConditionFair
Features
Patio
View-

About this home

Prime 4-Unit Investment Property in Fullerton. Strong Rents & Priced to Sell! Don’t miss this rare opportunity to own a well-maintained 4-unit apartment complex in the heart of Fullerton, one of Orange County’s most desirable rental markets. This property offers excellent income potential with strong, consistent rents and long-term, reliable tenants already in place. Each unit is thoughtfully laid out, providing comfortable living spaces and steady cash flow from day one. Whether you're a seasoned investor or just entering the multifamily market, this property checks all the boxes: prime location, solid tenant base, and priced to sell. Located just minutes from downtown Fullerton, major freeways, public transit, shopping, dining, and top-rated schools including Cal State Fullerton this is a high-demand rental area with low vacancy. Highlights: 4 fully rented units, Strong current rents with room for growth, Stable, long-term tenants, Excellent investment or 1031 exchange opportunity. Desirable Fullerton location with high rental demand. This is your chance to acquire a turnkey income property in a thriving market. Act fast, opportunities like this don’t last long!

Price History

Date
Event
Price
10/11/25
Listing
$1,498,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (6 Listings)
Beds00
Baths00
Square foot6,5163,258
86%
Lot Size7,4057,405
50%
Price$1.5M$1.4M
57%
Price per square foot$230$477
14%
Built year19641964
50%
HOA
Days on market25210
14%
Condition Rating
Fair

Built in 1964, this property is 60 years old. While the interiors show recent cosmetic updates such as fresh paint, laminate/carpet flooring, and white shaker-style kitchen cabinets, the major kitchen appliances (ranges, refrigerators) are consistently older, white models with coil-top burners, indicating they are significantly outdated. Bathrooms are clean but feature basic, dated vanities and tile surrounds. The property appears well-maintained and functional for rental purposes, but the outdated appliances and basic bathroom finishes prevent it from being rated 'Good'. It requires minor updates to bring key features up to modern standards.
Pros & Cons

Pros

Prime Investment Opportunity: This is explicitly marketed as a 'Prime 4-Unit Investment Property' offering 'excellent income potential' and 'steady cash flow from day one,' making it highly attractive to investors.
Desirable Location: Situated in Fullerton, a highly sought-after Orange County rental market with 'high rental demand' and 'low vacancy,' and close to downtown, major freeways, public transit, shopping, dining, and Cal State Fullerton.
Stable & Fully Occupied: The property boasts '4 fully rented units' with 'strong, consistent rents and long-term, reliable tenants already in place,' ensuring immediate and consistent cash flow.
Well-Maintained Asset: Described as a 'well-maintained 4-unit apartment complex,' suggesting a property that has been cared for, potentially reducing immediate repair costs for a new owner.
Turnkey & 1031 Exchange Potential: Presented as a 'turnkey income property' and an 'Excellent investment or 1031 exchange opportunity,' appealing to a broad range of investors seeking immediate returns or tax-deferred reinvestment.

Cons

Age of Property: Built in 1964, the property is 60 years old, which, despite being well-maintained, may indicate potential for outdated systems (plumbing, electrical, HVAC) or future capital expenditures for major renovations.
Lack of Unit-Specific Details: The description lacks specific details on individual unit layouts, bedroom/bathroom counts, or amenities, making it challenging to fully assess the competitive positioning and potential for rent optimization without further investigation.
Potential for Future Capital Expenditures: While currently well-maintained, the age of the building (1964) suggests that significant capital expenditures for major system replacements (e.g., roof, windows, major mechanicals) or cosmetic updates may be required in the long term to maintain market competitiveness and tenant satisfaction.

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