Seller's Agent in 2019
Ed Diaz
Vanguard Property Group
(714) 900-0169
1 in this area
30 Total Sales
3113 Garnet Ln Fullerton, CA 92831
Cal State Fullerton Neighborhood
8
Beds
4
Baths
3,258
Sq Ft
7,350
Sq Ft Lot
Highlights
- All Bedrooms Downstairs
- Private Yard
- Cooling System Mounted To A Wall/Window
- Col. J. K. Tuffree Middle School Rated A
- Neighborhood Views
- 4-minute walk to Pearl Park
About This Home
As of September 2019-**Huge Price Reduction $91K ** Higher Actual Rents/5.05 CAP rate/14.7 GRM on actual rents, New Roll-up Garage Doors, New Exterior Paint! - achieve a 5.67 CAP Rate/ 13.64 GRM on realistic market rents!! Best OC 4plex CAP rate available - priced to sell now. The Garnet Palms Apartments is a well maintained, single story Fullerton fourplex consisting of four two bedroom, one bath units 4(2+1) with enclosed garages, separate tenant gas & electric meters, with an onsite laundry room for additional owner income. The subject property is located in a high-demand tenant location near the intersection of Yorba Linda blvd & Placentia Ave, walking distance to the Target center and numerous other tenant amenities. Additionally, the 57 Freeway on/off-ramp and the California State University Fullerton campus are located just 1/2 of a mile from the subject property. The City of Fullerton also offers tenants numerous entertainment venues, an award winning school district and transportation hubs like the Fullerton Airport and the Fullerton Amtrak Train Station which offers tenants daily commutes to LA and San Diego
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 7,350 Sq Ft Lot
- No Common Walls
- Brick Fence
- Stucco Fence
- Landscaped
- Paved or Partially Paved Lot
- Front Yard Sprinklers
- Private Yard
- Density is 2-5 Units/Acre
Parking
- 6 Car Garage
- Parking Available
- Rear-Facing Garage
- Driveway
Home Design
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
- Stucco
Interior Spaces
- 3,258 Sq Ft Home
- 2-Story Property
- Window Screens
- Sliding Doors
- Family Room
- Tile Flooring
- Neighborhood Views
Kitchen
- Gas Oven
- Gas Range
- Disposal
Bedrooms and Bathrooms
- 8 Bedrooms
- All Bedrooms Down
- 4 Bathrooms
Laundry
- Laundry Room
- Gas And Electric Dryer Hookup
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Utilities
- Cooling System Mounted To A Wall/Window
- Natural Gas Connected
- Central Water Heater
- Sewer Paid
Additional Features
- Accessible Parking
- Exterior Lighting
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 7
- Tax Tract Number 5047
- Assessor Parcel Number 33922315
Community Details
Recreation
- Bike Trail
Building Details
- 4 Leased Units
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- New Taxes Expense $12,419
- Operating Expense $18,218
- Gross Income $76,800
- Net Operating Income $57,045
Additional Features
- 4 Units
- Laundry Facilities
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/30/2019 09/30/19 | Sold | $1,095,000 | -3.0% | $336 / Sq Ft |
| 08/16/2019 08/16/19 | Pending | -- | -- | -- |
| 06/24/2019 06/24/19 | Price Changed | $1,129,000 | -1.4% | $347 / Sq Ft |
| 05/28/2019 05/28/19 | Price Changed | $1,145,000 | -6.1% | $351 / Sq Ft |
| 05/02/2019 05/02/19 | For Sale | $1,220,000 | -- | $374 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Ed Diaz
-
Brad New
Seller Co-Listing Agent in 2019
Brad New
Vanguard Property Group
(714) 446-0100
1 in this area
29 Total Sales
-
S
Buyer's Agent in 2019
Sarah Dung Ha
Professional R.E. Center, Inc.
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19101587
APN: 339-223-15
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