$1,750,000

3049 Topaz Ln Fullerton, CA 92831

Cal State Fullerton Neighborhood

Estimated payment $10,892/month

Total Views 12,681
9 Beds
7 Baths
4,337 Sq Ft
$404 Price per Sq Ft

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Col. J. K. Tuffree Middle School Rated A
  • Park
  • Bike Trail

About This Home

Built in 1964 and situated on just under 8,000 square feet of land, this property features four spacious units, all with two & three bedrooms, offering generous floorplans for a total of 4,337 rentable square feet. Some of the property amenities include an onsite laundry facility, patios/balconies, fireplaces (for select units), individual water heaters, (2) double-car garages and (2) single-car garages for a 1.5 to 1 parking ratio. The property boasts a new roof, concrete driveways, decks, balconies, railings and electrical panels. All of the units are individually metered for electricity and gas. This property can be purchased with neighboring property at 3043 Topaz Lane. *Unit #D (the 2BR/1BA unit) is eligible for an 8% rent increase now, and the other 3 units are eligible for 8% rent increases effective April 1, 2026.

Listing Agent

Paul Espinosa

Morgan Skenderian Brokerage Email: paul@morganskenderian.com License #01942627 Listed on: 07/18/2025

Co-Listing Agent

Rick Applebaum

Morgan Skenderian Brokerage Email: paul@morganskenderian.com License #01273871

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1964

Lot Details

  • 7,888 Sq Ft Lot
  • No Common Walls

Parking

  • 6 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 4,337 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Additional Features

  • Exterior Lighting
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 4995
  • Assessor Parcel Number 33922106
  • $1,075 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Recreation

  • Park
  • Bike Trail

Building Details

  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $531
  • Fuel Expense $197
  • Gardener Expense $1,497
  • Insurance Expense $4,337
  • Maintenance Expense $3,361
  • Trash Expense $2,054
  • Water Sewer Expense $1,979
  • New Taxes Expense $19,596
  • Operating Expense $34,006
  • Gross Income $115,516
  • Net Operating Income $78,044

Property Details

Home Type

Apartment

Year Built

Built in 1964

Lot Details

0

Parking

6

Listing Details

  • CapRate: 4.46
  • Property Attached: No
  • Water Sewer Expenses: 1979.00
  • Zoning: R3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1497.00
  • Parcel Number: 33922106
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 403.50

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2054.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Park, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7888.00
  • Lot Size Acres: 0.1811

Multi Family

  • Electric Expense: 531.00
  • Fuel Expense: 197.00
  • Garage Income: 2400.00
  • Gross Income: 115516.00
  • Gross Multiplier: 15.15
  • Gross Operating Income: 112051.00
  • Gross Scheduled Income: 115516.00
  • Insurance Expense: 4337.00
  • Laundry Income: 1129.00
  • Lot Size Area: 7888.0000 Square Feet
  • Maintenance Expense: 3361.00
  • Maintenance Percent: 3.00
  • Net Operating Income: 78044.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 34006.00
  • Operating Expense Percent: 29.40
  • Rent Control: Yes
  • Total Expenses: 34006.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 19596.00
  • Tax Census Tract: 117.11
  • Tax Lot: 8
  • Tax Tract Number: 4995
  • TaxOtherAnnualAssessmentAmount: 1075.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2025 07/18/25 For Sale $1,750,000 -- $404 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25162189

California Regional Multiple Listing Service (CRMLS)

APN: 339-221-06

California Orange County Fullerton 92831 Cal State Fullerton

3049 Topaz Ln, Fullerton, CA

For Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Paul Espinosa
Listing Agent
Paul Espinosa
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Morgan Skenderian
(657) 571-2539