3037 Garnet Ln, Fullerton, CA 92831

$1,315,000
3,258
SqFt
List Price
$1,315,000
Status
ACTIVE
MLS#
NP20122606
Year Built
1964
Living Sq. Ft
3,258
Lot Size
7,405
Acres
0.17
Lot Location
2-5 Units/Acre
Days on Market
6
Property Type
Multifamily
Stories
One Level
Builders Tract Code
Other
Neighborhood
Other (Othr)

Property Description

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.

Additional Information

Tract Number
5047
Lot Description
Sidewalks
Appliances
Gas Range, High Efficiency Water Heater, Microwave
Pool Description
None
Heat
Wall Furnace
Garage Spaces Total
6
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Total Number of Units
4

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Vu Nguyen from iPacific Real Estate

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.