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Listed by Greg Bassirpou • Marcus & Millichap RE Invest
$4,160,000
Est. payment /mo
9,831 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 9,831 sqft
Price per Sqft $423
MLS Listing ID OC-25017017
Year Built 1964
Lot Size 0.400 Acres
Property Sub-Type Apartment
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.
Location
State CA
County Orange
Interior
Laundry Community
Exterior
Parking Features Gated
Garage Spaces 14.0
Pool None
Community Features Sidewalks, Street Lights
Building
Lot Description Corner Lot, Front Yard, Landscaped, Near Public Transit
Sewer Public Sewer
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900