3037 Garnet ln, Fullerton, CA 92831
Active
$1,496,000
4 Units
2 Beds
1 Baths
3,258 Area(sq.ft.)
Lot: 7,405 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 4 | 2 | 1 | No | $ 2,000 | $ 8,000 | $ 2,400 |
| 4 | 8 | 4 | $ 8,000 | $ 32,000 | $ 9,600 |
| MLS #: | OC25067292MR |
| Days On Market: | 381 |
| Listing Date: | March 20, 2025 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 459 |
| Price per unit: | $ 374,000 |
| Year Built: | 1964 |
Property Details
The subject property features an extremely desirable unit mix comprised exclusively of two bedroom and one bath units totaling 3,258 square feet on a large, 7,405 square foot lot. 3037 Garnet Lane provides residents with amenities such as on-site laundry, six (6) garage parking spaces, private patios and walking distance to Pearl Park which features a playground, barbecue pits and picnic tables for residents to enjoy a nice outing. 3037 Garnet Lane also benefits from its strong location within the Fullerton sub-market being located near multiple shopping centers providing residents an abundance of shopping, entertainment, and dining options. The subject property is also located near a number of education institutions such as Kraemer Middle School, Valencia High School and Cal State Fullerton. Taking into consideration the subject property s strong in-place rental income and 20% upside in rents, 3037 Garnet Lane offers a new owner an appealing opportunity to take advantage of the strong rental demand in the city of Fullerton.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Gross Operating Income: | $ 95,038 |
| Total Annual Expense: | $ 32,845 |
| Net Operating Income: | $ 62,192 |
| Cap Rate: | 4.16% |
| Gross Rent Multiplier: | 15.58 |
Structure
| Community Features: | Curbs, Gutters, Sidewalks, Storm Drains |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | R-3 |
| Land Lease Type: | Fee |
| Parking Garage: | Assigned |
Interior
| Laundry: | Community, Laundry Area |
| Laundry Income: | 1918.00 |
Exterior
| Pool: | No |
Detailed Map
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