NOT LISTED FOR SALE
2 Beds
1 Bath
4,143 Sq Ft
8,728 Sq Ft Lot

Sale Details

Date Sold: July 27, 2023

Last sale price $1,500,000 $362 Per Sq Ft

11 Days on Market

Highlights

  • No Units Above
  • No HOA
  • Bike Trail
  • Col. J. K. Tuffree Middle School Rated A
  • Park
  • 3-minute walk to Pearl Park

About This Home

As of July 2023

3132 Quartz Lane is a 4 unit multifamily investment property in one of the most highly desirable rental areas in Orange County close to Cal State Fullerton with an annual enrollment of 40,000 students with over 90% of students living off campus. The 4 units are all 2B/1BA units mostly updated and have been well maintained. Fabulous opportunity to own 4 units with upside in rents. Enjoy the nearby access to the 57 Freeway for easy access to many freeway arteries in Orange and LA Counties. Close to shops and fine dining as well as a 15 minute drive to the Honda Center, Angels Stadium, and Disneyland.

Last Agent to Sell the Property

Todd Frelinger

Prime Equity Properties, Inc. License #01748434 Listed on: 05/30/2023

Last Buyer's Agent

Lin Fan

IRN Realty License #01930533

IRN Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 8,728 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 6 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 4,143 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Listing and Financial Details

  • Tax Lot 9
  • Tax Tract Number 5190
  • Assessor Parcel Number 33923505
  • $1,006 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
  • Electric Expense $240
  • Fuel Expense $880
  • Furniture Replacement Expense $1,262
  • Insurance Expense $1,499
  • Maintenance Expense $4,733
  • Pest Control $193
  • Trash Expense $193
  • Water Sewer Expense $965
  • New Taxes Expense $15,950
  • Operating Expense $25,915
  • Gross Income $70,920
  • Net Operating Income $45,005

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

8,728 Sq Ft Lot

Parking

6

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Quad/A
  • Water Sewer Expenses: 965.00
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 33923505
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 362.06

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 193.00
  • Sewer: Public Sewer
  • Trash Expense: 193.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Park, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8728.00
  • Lot Size Acres: 0.2004

Multi Family

  • Electric Expense: 240.00
  • Fuel Expense: 880.00
  • Furniture Replacement Expense: 1262.00
  • Gross Income: 70920.00
  • Gross Operating Income: 70920.00
  • Gross Scheduled Income: 70920.00
  • Insurance Expense: 1499.00
  • Laundry Income: 1200.00
  • Lot Size Area: 8728.0000 Square Feet
  • Maintenance Expense: 4733.00
  • Net Operating Income: 45005.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 25915.00
  • Rent Control: Yes
  • Total Expenses: 25915.00

Tax Info

  • New Taxes Expense: 15950.00
  • Tax Census Tract: 117.11
  • Tax Lot: 9
  • Tax Tract Number: 5190
  • TaxOtherAnnualAssessmentAmount: 1006.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2023
Closed on
Jul 17, 2023
Sold by
Bought by
Seller's Agent
Todd Frelinger
Prime Equity Properties, Inc.
Buyer's Agent
Lin Fan
IRN Realty
List Price
$1,450,000
Sold Price
$1,500,000
Premium/Discount to List
$50,000
3.45%
Views
83

Purchase Details

Closed on
Sep 23, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,500,000 Lawyers Title
-- --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/27/2023 07/27/23 Sold $1,500,000 +3.4% $362 / Sq Ft
06/10/2023 06/10/23 Pending -- -- --
05/30/2023 05/30/23 For Sale $1,450,000 -- $350 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,951 $1,530,000 $1,377,000 $153,000
2024 $16,951 $1,500,000 $1,350,000 $150,000
2023 $2,249 $121,003 $30,648 $90,355
2022 $2,209 $118,631 $30,047 $88,584
2021 $2,175 $116,305 $29,457 $86,848
2020 $2,167 $115,113 $29,155 $85,958
2019 $2,122 $112,856 $28,583 $84,273
2018 $2,095 $110,644 $28,023 $82,621
2017 $2,062 $108,475 $27,474 $81,001
2016 $2,027 $106,349 $26,936 $79,413
2015 $1,998 $104,752 $26,531 $78,221
2014 $1,945 $102,701 $26,012 $76,689
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23094174

California Regional Multiple Listing Service (CRMLS)

APN: 339-235-05

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