3024 E Topaz Ln - Apartments FOR SALE


Fullerton, CA 92831
$1,750,000 USD
949-607-7096
3024 E Topaz Ln, Fullerton, CA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/8
null | 5.24% Cap Rate

3024 E Topaz Ln
Fullerton, CA 92831


HIGHLIGHTS

  • Located in Strong Fullerton Rental Market
  • Offered at a 5.24% Cap Rate & 12.92 GRM on Current Income
  • Highly Desirable Unit Mix: (1) 3 Bed / 2-Bath, (2) 2-Bed / 2-Bath and (1) 2-Bed / 1-Bath
  • Garage Parking: (2) 2-Car Garages & (2) 1-Car Garages
  • Separately Metered for Gas & Electricity
  • Convenient Access to the 57 and 91 Freeways and Major North Orange County Employment Centers

OVERVIEW

3024 Topaz Lane is a 4-unit apartment property located in the City of Fullerton. Built in1964, the property sits on a 7,841 square foot lot and consists of a desirable unit mix including one three-bedroom, two-bath unit, two two-bedroom, two-bath units, and one two-bedroom, one-bath unit. The property is currently operating at a 5.24% cap rate and 12.92 GRM with stable in-place income. The layout features a traditional courtyard-style configuration with garage parking located at the rear of the property. Utilities are separately metered for gas and electricity, and each unit is equipped with its own individual hot water heater. Additional amenities include an on-site laundry facility and garage parking consisting of two two-car garages and two single-car garages. The property is located near Yorba Linda Boulevard with convenient access to the 57and 91 Freeways. Major employment centers throughout North Orange County, including Anaheim, Brea, and surrounding commercial districts, are located within a short drive of the property.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$407 USD /SF

# OF UNITS

4

PRICE/UNIT

$437,500

CAP RATE

5.24%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

R3, Fullerton

APN/PARCEL ID

339-222-03

ASK ABOUT THIS PROPERTY

Nicholas PetrosianRE/MAX Commercial & Investment RealtyMore Info
949-607-7096

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Nicholas PetrosianRE/MAX Commercial & Investment RealtyMore Info
949-607-7096

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.