Multifamily
Quartz Lane Apartments
3169 Quartz Ln, Fullerton, CA 92831
Listing Price: $4,150,000
Investment Overview
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.
Investment Highlights
- 5.16% CAP Rate on Current Income with Upside in Rents / Recent Extensive Renovations & Upgrades of Interiors and Exterior Including New Roofs
- Excellent Unit Mix Consisting of (1) Large 2 Bed/ 2 Bath Townhouse Plus Den and (8) Large 2 Bed/ 1 Bath Units
- Large Units Featuring Walk-In Closets & Double-Sink Vanities / Private Enclosed Garages & Large Patios
- Large Gated Entry Courtyard with Private Access
- Two On-Site Laundry Rooms
- On-Site Amazon Secured Lockers
- Separately Metered for Gas & Electric / Low Expense Building
- Highly Desirable Fullerton Location & Minutes to Cal State Fullerton / Walking Distance to Schools, Retail, & Employment
Exclusively Listed By
Financing By
Listing Price: $4,150,000
Investment Highlights
- 5.16% CAP Rate on Current Income with Upside in Rents / Recent Extensive Renovations & Upgrades of Interiors and Exterior Including New Roofs
- Excellent Unit Mix Consisting of (1) Large 2 Bed/ 2 Bath Townhouse Plus Den and (8) Large 2 Bed/ 1 Bath Units
- Large Units Featuring Walk-In Closets & Double-Sink Vanities / Private Enclosed Garages & Large Patios
- Large Gated Entry Courtyard with Private Access
- Two On-Site Laundry Rooms
- On-Site Amazon Secured Lockers
- Separately Metered for Gas & Electric / Low Expense Building
- Highly Desirable Fullerton Location & Minutes to Cal State Fullerton / Walking Distance to Schools, Retail, & Employment
Investment Overview
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.