$4,100,000
SOLD JUN 13, 2025

3169 Quartz Ln Fullerton, CA 92831

Cal State Fullerton Neighborhood
4 Beds
3 Baths
9,831 Sq Ft
0.4 Acres

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

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

Parking

14

Listing Details

  • CapRate: 5.31
  • Price Per Unit: 462222
  • 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
  • Entry Location: Ground
  • 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

Range of Values:

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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 Change Sq Ft Price
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2025

    Greg Bassirpou

    Marcus & Millichap RE Invest

  • M

    Buyer's Agent in 2025

    Mey Ly

    T.N.G. Real Estate Consultants

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25017017

California Regional Multiple Listing Service (CRMLS)

California Orange County Fullerton 92831 Cal State Fullerton

3169 Quartz Ln, Fullerton, CA

This home is located at 3169 Quartz Ln, Fullerton, CA 92831 and is currently priced at $4,100,000, approximately $417 per square foot. This property was built in 1964. 3169 Quartz Ln is a home located in Orange County with nearby schools including Topaz Elementary School, Col. J. K. Tuffree Middle School, and El Dorado High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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