Orange County Houses + Condos

3037 Garnet Ln, Fullerton, CA 92831 (MLS # NP20122606)

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PRICE $1,315,000
BEDS n/a
BATHS 0 baths
HOME SIZE 3,258 sq ft
LOT SIZE 7,405 sqft

Desirable single level 4-plex located In Fullerton's most popular rental area. Each unit offers 2 bedrooms, 1 bath & private patio with separate gas and electric meters. There are (3) 2-car garages. Stabilized property with upside in rents as all leases are month to month with at least a 5% potential upside in rents. Cap rate at current rents is 4.9% and Pro-forma cap rate of 5.3%. The GRM at current rents is 15.3 and Pro-forma GRM at 14.4 compared to market GRM at 15.9. Exterior just Painted, New Front Yard Fence, new landscape with an automatic irrigation system installed. All appliances are in good condition, new garbage disposals, and some heaters are new and newly renovated coin laundry facilities on site. This is a great yield play in today’s market, providing stable income. This property has been very well maintained by the owners. Drive-by and see! Figures provided as a courtesy, buyer, and buyers agent to verify all information. Conveniently located next to 57 Fwy, Cal State Fullerton, shopping, and schools.

DAYS ON MARKET 17 LAST UPDATED 6/28/2020
TRACT Other (OTHR) YEAR BUILT 1964
COMMUNITY Fullerton GARAGE SPACES 6.0
COUNTY Orange TOTAL PARKING 12
STATUS Active PROPERTY TYPE(S) ResidentialIncome


ADDITIONAL DETAILS
APPLIANCES Gas Range, High Efficiency Water Heater, Microwave
BUILDINGAREAUNITS Square Feet
COMMONINTEREST None
COMMONWALLS 2+ common walls
COMMUNITYFEATURES Sidewalks
ELECTRIC Standard
ELEVATIONUNITS Feet
FENCING Privacy
FLOORING Tile
FOUNDATIONDETAILS Slab
GARAGESPACES 6.00
HEATING Wall Furnace
INTERIORFEATURES Laminate Counters
LANDLEASEYN 0
LAUNDRYEQUIPMENTOWNLEASE Own
LAUNDRYFEATURES Dryer Included, Gas Dryer Hookup, Inside, Stackable, Washer Hookup, Washer Included
LEVELS One
LISTAGENTSTATELICENSE 02086320
LOTFEATURES 2-5 Units/Acre
LOTSIZESOURCE Assessor
LOTSIZEUNITS Square Feet
MLSAREAMAJOR 83 - Fullerton
PARCELNUMBER 33922212
PARKINGFEATURES Garage - Three Door, Garage Faces Rear
POOLFEATURES None
PRICEPERSQUAREFOOT 403.62
PROPERTYCONDITION Updated/Remodeled
PROPERTYTYPE Residential Income
ROOMTYPE Kitchen, Living Room
SENIORCOMMUNITYYN 0
SEWER Public Sewer
SPECIALLISTINGCONDITIONS Standard
STANDARDSTATUS Active
TAXTRACTNUMBER 5047
UTILITIES Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
WATERSOURCE Public


77 Very Walkable



 
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Listing provided by : Vu Nguyen License # 02086320, iPacific Real Estate

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. as of 7/14/20 2:19 PM PDT 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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