$4,100,000
SOLD JUN 13, 2025
4 Beds
3 Baths
9,831 Sq Ft
17,437 Sq Ft Lot

Recently Sold

$417 Per Sq Ft

1% Below List Price

134 Days on Market

Highlights

  • 0.4 Acre Lot
  • Property is near public transit
  • Laundry Room
  • Col. J. K. Tuffree Middle School Rated A
  • Corner Lot
  • 4-minute walk to Pearl Park

About This Home

As of June 2025

The Quartz Lane Apartments is a nine-unit apartment community located in the highly desirable submarket of Fullerton within the Greater Orange County area. The property offers a very attractive unit mix consisting of (1) large two-bedroom/ two-bathroom townhouse and (8) large two-bedroom/ one-bathroom units totaling 9,831 square feet, situated over a large 17,437 square foot lot.

The property has undergone recent renovations and upgrades of the interiors and exterior. Some upgrades include but are not limited to new windows, new kitchens, new appliances, recessed lighting, new bathrooms, new fencing / gates, new flooring, and new roofs. Tenant amenities include a large, nicely landscaped courtyard, large patios, enclosed garages, on-site laundry rooms, secured Amazon lockers, and large units featuring walk-in closets and double sink vanities.

Fullerton is revered as “The Education Community”, and is home to award-winning public school systems and five universities/colleges, including California State University, Fullerton.

The Quartz Lane Apartments offers a rare opportunity for an investor to acquire a well-located, stabilized, turn-key investment property in the desirable rental market of Fullerton, California. The location offers an area known for its strong tenancy, good rent growth, and a historically high occupancy rate.

Last Agent to Sell the Property

Greg Bassirpou

Marcus & Millichap RE Invest Brokerage Email: gbassirpou@marcusmillichap.com License #01365951 Listed on: 01/23/2025

Last Buyer's Agent

Mey Ly

T.N.G. Real Estate Consultants License #01970907

T.N.G. Real Estate Consultants

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1964

Lot Details

  • 0.4 Acre Lot
  • No Common Walls
  • Landscaped
  • Corner Lot
  • Front Yard

Parking

  • 14 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 9,831 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • Exterior Lighting
  • Property is near public transit

Listing and Financial Details

  • Tax Lot 16
  • Tax Tract Number 5190
  • Assessor Parcel Number 33923314
  • $2,291 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 9 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,750
  • Fuel Expense $2,750
  • Insurance Expense $2,727
  • Trash Expense $2,750
  • Water Sewer Expense $2,750
  • Operating Expense $67,145
  • Gross Income $296,940
  • Net Operating Income $220,887

Property Details

Home Type

Apartment

Year Built

Built in 1964

Lot Details

0.4 Acres

Parking

14

Listing Details

  • CapRate: 5.31
  • Property Attached: No
  • Water Sewer Expenses: 2750.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 33923314
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 417.05

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 14.00
  • Total Parking Spaces: 14.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 2750.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard, Landscaped, Near Public Transit
  • Lot Size Sq Ft: 17437.00
  • Lot Size Acres: 0.4003

Multi Family

  • Electric Expense: 2750.00
  • Fuel Expense: 2750.00
  • Gross Income: 296940.00
  • Gross Multiplier: 14.01
  • Gross Operating Income: 296940.00
  • Gross Scheduled Income: 292860.00
  • Insurance Expense: 2727.00
  • Laundry Income: 4080.00
  • Lot Size Area: 17437.0000 Square Feet
  • Net Operating Income: 220887.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 9
  • Operating Expense: 67145.00
  • Rent Control: Yes
  • Total Expenses: 67145.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 117.11
  • Tax Lot: 16
  • Tax Tract Number: 5190
  • TaxOtherAnnualAssessmentAmount: 2291.00
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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
06/13/2025 06/13/25 Sold $4,100,000 -1.4% $417 / Sq Ft
06/06/2025 06/06/25 Pending -- -- --
01/23/2025 01/23/25 For Sale $4,160,000 -- $423 / 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 $34,088 $3,056,279 $2,653,020 $403,259
2024 $34,088 $2,996,352 $2,601,000 $395,352
2023 $33,518 $2,937,600 $2,550,000 $387,600
2022 $33,258 $2,880,000 $2,500,000 $380,000
2021 $11,085 $822,673 $378,260 $444,413
2020 $11,092 $814,238 $374,381 $439,857
2019 $10,759 $798,273 $367,040 $431,233
2018 $10,630 $782,621 $359,843 $422,778
2017 $10,465 $767,276 $352,787 $414,489
2016 $10,269 $752,232 $345,870 $406,362
2015 $10,139 $740,933 $340,674 $400,259
2014 $9,855 $726,420 $334,001 $392,419
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25017017

California Regional Multiple Listing Service (CRMLS)
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