3100 Quartz Ln, Fullerton, CA 92831
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3100 Quartz Ln Fullerton, CA 92831

$17,990,000
  • 99 Beds
  • 53 Baths
  • 46,368 Sq.Ft.
For Sale
$17,990,000 Get Pre-Qualified

Map preview of 3100 Quartz Ln, Fullerton, CA 92831

Property Overview: 3100 Quartz Ln Fullerton, CA has 99 bedrooms, 53 bathrooms, 46,368 living square feet and 86,684 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: The Quartz Portfolio, a 43-unit multifamily investment opportunity located in Fullerton, CA. Situated on seven neighboring parcels, the portfolio offers a highly-desirable mix of spacious two and three-bedroom floor plans. Each property in the portfolio features attractive amenities including a remodeled on-site laundry facility, private patios (select units), and ample garage parking. The Quartz Portfolio benefits from its excellent East Fullerton location within 0.50 miles of California State University, Fullerton (CSUF), a major employment and housing driver for the area. Residents enjoy convenient access to nearby shopping centers that feature popular retailers including Target, Albertsons, Ralphs, Kohl’s, and more. Additionally, The Quartz Portfolio is just 1.25 miles north of the planned Placentia Metrolink Station, expected to open in the summer of 2025, which will offer service between Downtown Los Angeles and Riverside. Furthermore, the portfolio benefits from its close proximity to State Routes 57 and 91, connecting residents to employment hubs throughout Southern California. In summary, The Quartz Portfolio’s fantastic location offers residents a wide variety of recreation, employment, transportation, and retail amenities, which together will help to attract a diverse renter pool. This overall demand for well-located and maintained apartment buildings will be a key driver in the continued growth and success for The Quartz Portfolio.

Listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest
Last checked: 13 minutes ago | Last updated: December 15th, 2023 | Source CRMLS | DOM: 67
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Home details

Lot Sq. Ft
86,684
HOA Dues
$0/mo
Year built
1964
Garage
60 Car
Property Type:
Apartment
Status
Active
MLS#
OC23225443
City
Fullerton
County
Orange
Time on Site
78 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 43
  • Total # of Buildings: 10
  • # of Electric Meters: 43
  • # of Gas Meters: 43
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 8
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $10,673
  • Total Rent: $10,673
  • Pro Forma/Market Rent: $12,600
Unit Breakdown 2
  • # of Units: 39
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 52
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $92,030
  • Total Rent: $92,030
  • Pro Forma/Market Rent: $107,250
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 6
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $7,668
  • Total Rent: $7,668
  • Pro Forma/Market Rent: $9,450
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.39%
  • Gross Rent Multiplier: 14.02
  • Gross Scheduled Income: $1,232,436
  • Net Operating Income: $790,149
  • Gross Operating Income: $1,283,031
  • Vacancy Allowance: $36,973
  • Other Income 1: $50,595
  • Other Income Description: Misc
Annual Expense Breakdown
  • Total Operating Expense: $455,909
  • Electric: $22,456
  • Gas/Fuel: $22,456
  • New Taxes: $191,235
  • Trash: $22,455
  • Insurance: $22,268
  • Maintenance: $27,950
  • Professional Management: $37,382
  • Water/Sewer: $22,456
  • Other Expenses: $87,251
  • Other Expense Description: Misc

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Property Details for 3100 Quartz Ln

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 60
  • # of Parking Spaces: 60
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 43
  • Parcel Number: 33923501
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Cross Streets: North Placentia Avenue & Quartz Lane
Neighborhood Information
  • Community Features: Curbs, Sidewalks
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Sale History for 3100 Quartz Ln

Last sold on May 23rd, 2018
  • December, 2023

  • Dec 13, 2023

    Date

    Active

    CRMLS: OC23225443

    $17,990,000

    Price

  • May, 2018

  • May 23, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 2014

  • Jan 15, 2014

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 3100 Quartz Ln

Assessed Value (2020): $816,246
Year Land Value Improved Value Assessed Value
2020 $677,484 $138,762 $816,246

Home Value Compared to the Market

This property vs the competition

3100 Quartz Ln is listed 1506.25% higher than the median list price for the city of Fullerton which has a median list price of $1,120,000. The median price per/sqft for Fullerton is $583 and this home is listed at $387.98 per/sqft which puts the price per square foot 33.45% lower than the median price per square foot for the city of Fullerton.

About 3100 Quartz Ln

Detailed summary of property

3100 Quartz Ln is a apartment located in Fullerton, CA 92831 and is currently for sale. This apartment offers 99 bedrooms, 53 bathrooms, roughly 46,368 living square feet, and sits on an approximately 86,684 square foot lot. 3100 Quartz Ln was first listed on ArdentRealEstateGroup.com on December 13, 2023. The homeowner is currently asking $17,990,000. The median priced home in Fullerton is $1,120,000 with a median price per square foot of $583. Based on Ardent Real Estate Group's Fullerton Market Data, this home is listed 1506.25% higher than the median priced home. While the average home in Fullerton, CA is selling in 50 days, 3100 Quartz Ln has a days on market of 67 days. There are currently 132 homes for sale in the Fullerton real estate market and 103 of them are single family homes while 21 of them are condos and 8 are townhomes. For more information on this home for sale at 3100 Quartz Ln Fullerton, CA 92831 contact Ardent Real Estate Group and we will put you in touch with one of our Fullerton agents.

Public Facts for 3100 Quartz Ln

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
4,177
Lot Size
10,438
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
5
APN
339-235-01

The source for these homes facts are from public records.

92831 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,050,000
Median List Price/Sq.Ft.
$566
Median Sold Price
$1,030,000
Median Sold Price/Sq.Ft.
$578
Total Inventory
34
Median Sale to List Price %
85.83%
Avg Days on Market
18
Loan Type
Conventional (69.23%), FHA (7.69%), VA (0%), Cash (15.38%), Other (7.69%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.