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3112 Pearl Dr

Fullerton, CA 92831
  • $1,600,000
  • STATUS: ACTIVE
  • ON SITE: 25 Days
  • ID#: 240021349
UPDATED: 56 min ago
$1,600,000
  • 8
    BEDS
  • N/A
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 3,820
    SQFT
  • $419
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Description

Value-Add Investment Opportunity: Four-Unit Apartment Building Near California State University, Fullerton This four-unit apartment building in Fullerton, California, offers a prime value-add investment opportunity. Generating $8,340 in monthly rental income, the property features four spacious 2-bedroom, 2-bathroom units with a mix of tile and carpet flooring, combining durability with comfort. Additional amenities include six single-car garages, providing secure parking and extra storage, and on-site laundry facilities for tenant convenience. Located in close proximity to California State University, Fullerton, this property benefits from high rental demand driven by students and university staff. The desirable neighborhood offers easy access to downtown, parks, and major highways, ensuring strong occupancy rates and significant potential for increased returns.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/154921843
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3112 Pearl Dr Fullerton, CA 92831

  • Price: $1,600,000
  • Status: ACTIVE
  • On Site: 25 Days
  • Updated: 56 min ago
  • ID#: 240021349
8
Beds
8
Baths
0
½ Baths
N/A
Acres
3,820
SQFT
$419
$/SQFT
1964
Built
Neighborhood:
Palcentia
County:
Orange
Area:
Oc - Fullerton (92831)
Property Description
Value-Add Investment Opportunity: Four-Unit Apartment Building Near California State University, Fullerton This four-unit apartment building in Fullerton, California, offers a prime value-add investment opportunity. Generating $8,340 in monthly rental income, the property features four spacious 2-bedroom, 2-bathroom units with a mix of tile and carpet flooring, combining durability with comfort. Additional amenities include six single-car garages, providing secure parking and extra storage, and on-site laundry facilities for tenant convenience. Located in close proximity to California State University, Fullerton, this property benefits from high rental demand driven by students and university staff. The desirable neighborhood offers easy access to downtown, parks, and major highways, ensuring strong occupancy rates and significant potential for increased returns.
Exterior Features

Exterior Other/Remarks Fencing N/K Roof Composition Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 6 Units With Patios 0

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 2 Total Baths Unit4 2 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups No Unit3 Laundry Hook Ups No Unit4 Laundry Hook Ups No Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 0

Property Features

Actual Cap Rate 3.9 Additional Property Use N/K Age Restrictions N/K Annual Expense Actual 35800 Annual Expense Projected 35800 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Complex Features N/K Complex Park N/A Cross Streets Cameo Ln Gross Rent Multiplier Actual 15.8 Gross Rent Multiplier Project 12.1 Gross Scheduled Income Actual 101280 Gross Scheduled Income Project 132000 Mandatory Remarks None Known Monthly Total Fees 0 Net Operating Income Projected 92900 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 5.8 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays Cable TVElectricityGas/Propane Terms Cal VetCashConventionalExchangeFHAVA Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Projected Rent 2500.0 Unit1 Rent Actual 2085.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Projected Rent 2500.0 Unit2 Rent Actual 2085.0 Unit3 Deposit 0 Unit3 Occupied Tenant Unit3 Projected Rent 2500 Unit3 Rent Actual 2085.0 Unit4 Deposit 0 Unit4 Occupied Tenant Unit4 Projected Rent 2500 Unit4 Rent Actual 2085.0

San Diego MLS logo Listing provided courtesy of Adrian Gonzalez-Pureco of South Coast Commercial, Inc.: 858-735-9977. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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