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3169 Quartz Lane

Fullerton, CA 92831
  • $4,160,000
  • STATUS: Active
  • ON SITE: 86 Days
  • MLS #: OC25017017
UPDATED: 80 min ago
$4,160,000
  • 0
    BEDS
  • 0.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Listing Agent(s): Greg Bassirpou of Marcus & Millichap RE Invest (949-419-3200)


Description

The Quartz Lane Apartments is a nine-unit apartment community located in the highly desirable submarket of Fullerton within the Greater Orange County area. The property offers a very attractive unit mix consisting of (1) large two-bedroom/ two-bathroom townhouse and (8) large two-bedroom/ one-bathroom units totaling 9,831 square feet, situated over a large 17,437 square foot lot.The property has undergone recent renovations and upgrades of the interiors and exterior. Some upgrades include but are not limited to new windows, new kitchens, new appliances, recessed lighting, new bathrooms, new fencing / gates, new flooring, and new roofs. Tenant amenities include a large, nicely landscaped courtyard, large patios, enclosed garages, on-site laundry rooms, secured Amazon lockers, and large units featuring walk-in closets and double sink vanities.Fullerton is revered as The Education Community, and is home to award-winning public school systems and five universities/colleges, including California State University, Fullerton. The Quartz Lane Apartments offers a rare opportunity for an investor to acquire a well-located, stabilized, turn-key investment property in the desirable rental market of Fullerton, California. The location offers an area known for its strong tenancy, good rent growth, and a historically high occupancy rate.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-20T11:26:51.333. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/159689560
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3169 Quartz Lane Fullerton, CA 92831

  • Price: $4,160,000
  • Status: Active
  • On Site: 86 Days
  • Updated: 80 min ago
  • MLS #: OC25017017
0
Beds
0
Baths
0
½ Baths
0.4
Acres
1964
Built
Neighborhood:
699 - Not Defined
County:
Orange
Area:
699 - Not Defined
Property Description
The Quartz Lane Apartments is a nine-unit apartment community located in the highly desirable submarket of Fullerton within the Greater Orange County area. The property offers a very attractive unit mix consisting of (1) large two-bedroom/ two-bathroom townhouse and (8) large two-bedroom/ one-bathroom units totaling 9,831 square feet, situated over a large 17,437 square foot lot.The property has undergone recent renovations and upgrades of the interiors and exterior. Some upgrades include but are not limited to new windows, new kitchens, new appliances, recessed lighting, new bathrooms, new fencing / gates, new flooring, and new roofs. Tenant amenities include a large, nicely landscaped courtyard, large patios, enclosed garages, on-site laundry rooms, secured Amazon lockers, and large units featuring walk-in closets and double sink vanities.Fullerton is revered as The Education Community, and is home to award-winning public school systems and five universities/colleges, including California State University, Fullerton. The Quartz Lane Apartments offers a rare opportunity for an investor to acquire a well-located, stabilized, turn-key investment property in the desirable rental market of Fullerton, California. The location offers an area known for its strong tenancy, good rent growth, and a historically high occupancy rate.
Exterior Features

Entry Level 1 Entry Location Ground Lot Features Corner LotFront YardLandscapedNear Public Transit Number Of Separate Electric Meters 9 Parking Total 14 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Cap Rate 5.31 Common Interest Community Apartment Community Features Street LightsSidewalks Electric Expense 2750 Fuel Expense 2750 Garage YN Yes Gross Income 296940 Gross Scheduled Income 292860 Insurance Expense 2727 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan1031 Exchange Net Operating Income 220887 New Construction YN No Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Operating Expense 67145 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 2750 Vacancy Allowance Rate 3 Water Sewer Expense 2750 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-20T11:26:51.333. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Greg Bassirpou of Marcus & Millichap RE Invest (949-419-3200)