Active Under Contract

3160 Garnet

Fullerton, CA 92831

$1,475,000 $6,218/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

7,405

Sqft(Lot)

Description

Fell Out of Escrow – Their Loss, Your Gain! --- GREAT INVESTMENT OPPORTUNITY! Strong Rents, Stable Tenants & Priced to Sell! Rare opportunity to acquire a well-maintained 4-unit apartment property in the heart of Fullerton, one of Orange County's most desirable and high-demand rental markets. This single-story multifamily asset consists of four 2-bedroom, 1-bathroom units and is 100% occupied by long-term tenants with a strong history of on-time rent payments, providing immediate and reliable cash flow. The property currently generates approximately $9,060 per month in rental income, with potential for future rent growth. Each unit offers a functional floor plan, dual-pane windows, private patio space, and is individually metered for gas and electricity. Owner expenses are limited, with te nants responsible for their own gas and electric service, while ownership pays water, trash, and common area utilities. Recent capital improvements include exterior painting, exterior wood repair and treatment, and replacement of exterior windows and sliding glass doors, enhancing both curb appeal and long-term value. Additional amenities include an on-site coin-operated laundry facility and three detached two-car garages providing a total of six parking spaces. Ideally located near the 57 and 91 freeways, Cal State Fullerton, public transportation, shopping, dining, and entertainment, this property benefits from strong rental demand and low vacancy rates. Perfect for investors seeking a turnkey income property or buyers completing a 1031 exchange.

Property Details

Property Type : ResidentialIncome

Price : $1,475,000

AD Id : 85692136

MLS Id : OC26133079

Beds : 8

Lot Size : 7,405 Sqft

Year Built : 1964

Garage : 6

County : Orange

Map

What's Nearby

Nearby Areas

Features

Building Information

Year Built: 1964

Building Area Total: 3258

Pool Features: None

Private Pool: No

Lot Information

Main Square Feet: 7405 Lot Size Acres: 0.17 Lot Size Source: Assessor Lot Size Square Feet: 7,405 Lot Description: TwoToFiveUnitsAcre,Walkstreet

Listing Price Information

Listing Price: $1475000

Cash, Conventional

Tax Information

Parcel Number: 33922511 Tax Lot: 11

Virtual Tour

Virtual Tour (External Link)

Parking Information

Parking Total: 6 Garage

Garage Information

Has Garage: Yes Garage Space: 6

Location Information

Direction: Off 57 Freeway East on Yorba Linda Blvd South on Placentia Ave WaterSource: Public

Sell a home like this and save $88,001 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
110 S Cornell, Fullerton, CA, 92831	$1,299,000	5	4	--	6,534 Sqft
912 E Commonwealth, Fullerton, CA, 92831	$1,275,000	6	3	--	4,400 Sqft
124 N Princeton Avenue, Fullerton, CA, 92831	$1,399,000	5	3	--	6,408 Sqft