NOT LISTED FOR SALE
2 Beds
1 Bath
4,103 Sq Ft
8,731 Sq Ft Lot

Last Sold July 27, 2023

Last sale price $1,500,000 $366 Per Sq Ft

11 Days on Market

Highlights

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

About This Home

As of July 2023

3140 Quartz Lane is a 4-unit multifamily investment property on a large lot 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

  • 8,731 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

  • 4,103 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Listing and Financial Details

  • Tax Lot 10
  • Tax Tract Number 5190
  • Assessor Parcel Number 33923506
  • $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 $1,498
  • Maintenance Expense $4,733
  • Pest Control $193
  • Trash Expense $193
  • Water Sewer Expense $965
  • New Taxes Expense $15,950
  • Operating Expense $25,914
  • Gross Income $62,700
  • Net Operating Income $36,786

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

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: 33923506
  • 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: 365.59

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: 8731.00
  • Lot Size Acres: 0.2004

Multi Family

  • Electric Expense: 240.00
  • Fuel Expense: 880.00
  • Furniture Replacement Expense: 1262.00
  • Gross Income: 62700.00
  • Gross Operating Income: 62700.00
  • Gross Scheduled Income: 62700.00
  • Insurance Expense: 1498.00
  • Laundry Income: 1200.00
  • Lot Size Area: 8731.0000 Square Feet
  • Maintenance Expense: 4733.00
  • Net Operating Income: 36786.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 25914.00
  • Rent Control: Yes
  • Total Expenses: 25914.00

Tax Info

  • New Taxes Expense: 15950.00
  • Tax Census Tract: 117.11
  • Tax Lot: 10
  • Tax Tract Number: 5190
  • TaxOtherAnnualAssessmentAmount: 1006.00
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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
07/27/2023 07/27/23 Sold $1,500,000 +3.4% $366 / Sq Ft
06/10/2023 06/10/23 Pending -- -- --
05/30/2023 05/30/23 For Sale $1,450,000 -- $353 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

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 $1,397,400 $132,600
2024 $16,951 $1,500,000 $1,370,000 $130,000
2023 $2,282 $117,084 $30,645 $86,439
2022 $2,243 $114,789 $30,044 $84,745
2021 $2,210 $112,539 $29,455 $83,084
2020 $2,203 $111,386 $29,153 $82,233
2019 $2,158 $109,202 $28,581 $80,621
2018 $2,132 $107,061 $28,020 $79,041
2017 $2,100 $104,962 $27,470 $77,492
2016 $2,066 $102,904 $26,931 $75,973
2015 $2,037 $101,359 $26,527 $74,832
2014 $1,985 $99,374 $26,007 $73,367
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC23094335

California Regional Multiple Listing Service (CRMLS)

APN: 339-235-06