Seller's Agent in 2022
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
3 in this area
160 Total Sales
3148 Pearl Dr Fullerton, CA 92831
Cal State Fullerton Neighborhood
2
Beds
2
Baths
3,820
Sq Ft
8,712
Sq Ft Lot
Highlights
- Lawn
- Laundry Room
- 2-minute walk to Pearl Park
- Col. J. K. Tuffree Middle School Rated A
- Level Lot
About This Home
As of January 20223148 Pearl Drive is a 4-unit multifamily investment property located in Fullerton, one of the premier rental markets in Orange County. Situated on a 0.20-acre lot, the property offers an attractive unit mix consisting exclusively of two-bedroom floor plans and amenities including private patios or balconies, on-site laundry, and garage parking. Current ownership has invested significant capital into improvements including new dual pane windows, laminate and tile flooring, cabinetry, quartz countertops, appliances, bathrooms, garage doors, exterior wood, A/C units, and fresh paint. The property benefits from its close proximity to California State University, Fullerton (CSUF), which has an annual enrollment of over 41,000 students. There is significant demand for rental units in close proximity to the university as 94 percent of CSUF students live in off-campus housing. The property is located within walking distance of the Fullerton Crossroads retail center, providing residents with convenient access to their everyday needs. Additionally, the property is situated in close proximity to State Route 57, connecting residents to regional employment hubs.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01451551 Listed on: 11/29/2021
Property Details
Home Type
- Apartment
Year Built
- Built in 1965
Lot Details
- 8,712 Sq Ft Lot
- No Common Walls
- Level Lot
- Lawn
Parking
- 6 Car Garage
Interior Spaces
- 3,820 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Listing and Financial Details
- Tax Lot 28
- Tax Tract Number 5120
- Assessor Parcel Number 33923309
- $983 per year additional tax assessments
Community Details
Building Details
- 4 Leased Units
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,744
- Fuel Expense $1,744
- Insurance Expense $1,637
- Maintenance Expense $2,400
- Other Expense $3,344
- Trash Expense $1,744
- Water Sewer Expense $1,744
- New Taxes Expense $16,752
- Operating Expense $31,109
- Gross Income $86,092
- Net Operating Income $52,562
Additional Features
- 4 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/07/2022 01/07/22 | Sold | $1,550,000 | 0.0% | $406 / Sq Ft |
| 12/06/2021 12/06/21 | Pending | -- | -- | -- |
| 11/29/2021 11/29/21 | For Sale | $1,550,000 | -- | $406 / 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 | $18,143 | $1,644,872 | $1,480,003 | $164,869 |
| 2024 | $18,143 | $1,612,620 | $1,450,983 | $161,637 |
| 2023 | $17,844 | $1,581,000 | $1,422,532 | $158,468 |
| 2022 | $10,955 | $923,107 | $742,304 | $180,803 |
| 2021 | $10,775 | $905,007 | $727,749 | $177,258 |
| 2020 | $10,798 | $895,728 | $720,287 | $175,441 |
| 2019 | $10,432 | $878,165 | $706,164 | $172,001 |
| 2018 | $10,307 | $860,947 | $692,318 | $168,629 |
| 2017 | $10,142 | $844,066 | $678,743 | $165,323 |
| 2016 | $9,225 | $761,437 | $616,460 | $144,977 |
| 2015 | $9,111 | $750,000 | $607,200 | $142,800 |
| 2014 | $9,003 | $750,000 | $607,200 | $142,800 |
Source: Public Records
Agents Affiliated with this Home
-
Tyler Leeson
-
Diana Sharma
Buyer's Agent in 2022
Diana Sharma
Realty One Group West
(714) 519-3800
1 in this area
11 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC21256366
APN: 339-233-09
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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