3106 Garnet Ln, Fullerton, CA 92831
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3106 Garnet Ln Fullerton, CA 92831

$1,495,000
  • 8 Beds
  • 4 Baths
  • 3,258 Sq.Ft.
Pending
$1,495,000 Get Pre-Qualified

Map preview of 3106 Garnet Ln, Fullerton, CA 92831

Property Overview: 3106 Garnet Ln Fullerton, CA has 8 bedrooms, 4 bathrooms, 3,258 living square feet and 7,405 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: Back on market! Fell out of escrow by no fault of property-- property is in good condition. This is a fully occupied 4 Unit property located in the city of Fullerton near Cal State Fullerton, Target, Brea Mall, 57 frwy, etc in stable rental neighborhood. This investment offers an owner occupier or investor a chance to acquire a low maintenance rental property in a high demand rental market. This entire property is comprised of a 3,258 SF building with (4) 2/1 units, each with their own private patios, and garages in the back for secured parking and storage. All of the units are long term tenant on a m/m, and offer huge opportunity for a new investor to increase cash flow. Great Location in Fullerton in North Orange County near Yorba Linda, Placentia, Brea, Anaheim, Angels Stadium, CSUF and JR College, Shopping centers and 57 Freeway.

Listed by Brad New | BRE #01347742 | Vanguard Property Group
Co-listed by Ed Diaz | BRE #01022469 | Vanguard Property Group
Last checked: 10 minutes ago | Last updated: September 21st, 2023 | Source CRMLS | DOM: 149
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Home details

Lot Sq. Ft
7,405
HOA Dues
$0/mo
Year built
1964
Garage
6 Car
Property Type:
Fourplex
Status
Pending
MLS#
PW23035843
City
Fullerton
County
Orange
Time on Site
358 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,055
  • Total Rent: $2,055
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,055
  • Total Rent: $2,055
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,055
  • Total Rent: $2,055
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,055
  • Total Rent: $2,055
  • Pro Forma/Market Rent: $2,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $98,640
  • Net Operating Income: $71,761
  • Gross Operating Income: $95,681
  • Vacancy Allowance: $2,959
  • Laundry Income: $100
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $23,920
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $0
  • New Taxes: $0
  • Furniture Replacement: $0
  • Trash: $0
  • Cable TV: $0
  • Gardener: $0
  • Insurance: $0
  • Maintenance: $0
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $0

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Property Details for 3106 Garnet Ln

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • Has Fireplace
  • Family Room
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Concrete, Garage - Two Door
Lot Information
  • Lot Features: 2-5 Units/Acre, Lot 6500-9999, Sprinklers In Front
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 33922502
  • Year Built Source: Assessor
  • Foundation Details: Slab
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Bluffs (BLUF)
  • Directions: East of the 57 freeway and near intersection of Yorba Linda Blvd and Placentia Ave
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

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Sale History for 3106 Garnet Ln

Last sold for $1,162,500 on March 27th, 2019
  • August, 2023

  • Aug 28, 2023

    Date

    Pending

    CRMLS: PW23035843

    $1,495,000

    Price

  • Mar 3, 2023

    Date

    Active

    CRMLS: PW23035843

    $1,529,000

    Price

  • April, 2019

  • Apr 5, 2019

    Date

    Sold

    CRMLS: OC18297701

    $1,162,500

    Price

  • Jan 6, 2019

    Date

    Active

    CRMLS: OC18297701

    $1,185,000

    Price

  • Listing provided courtesy of CRMLS

    This single-story, (4-Plex) four-unit building is located in a very-desirable location, just one block from Topaz Elementary School, & 1.5 miles to the very-popular Cal State Fullerton College. It is a turn-key investment with no deferred maintenance. All tenants are very long-term tenants. Three of the four tenants have resided in the building for over 15 years. One would be hard-pressed to find a better-managed property. All units are 2 bed/1bath, with through-the-wall A/C for living room and kitchen/dining areas, roll-up garage doors with automatic openers, three 2-car garages. There is tile flooring throughout each unit (no carpet). Tile kitchen counter tops. Tub/showers are cast-iron tubs with ceramic-tiled walls, and with sliding, glass shower doors. Kitchens and bedrooms have ceiling fans. Valuable Advantage: The building has been completely re-piped with copper pipes. The attic is heavily insulated with 12+" of sprayed-in fiberglass insulation, as well as having two solar-powered attic exhaust fans. Rent is paid on time by all tenants, like clockwork.

  • March, 2019

  • Mar 27, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,162,500

    Price

  • September, 2003

  • Sep 3, 2003

    Date

    Sold (Public Records)

    Public Records

    $612,500

    Price

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Tax History for 3106 Garnet Ln

Assessed Value (2020): $779,732
Year Land Value Improved Value Assessed Value
2020 $639,380 $140,352 $779,732

Home Value Compared to the Market

This property vs the competition

3106 Garnet Ln is listed 36.53% higher than the median list price for the city of Fullerton which has a median list price of $1,095,000. The median price per/sqft for Fullerton is $583 and this home is listed at $458.87 per/sqft which puts the price per square foot 21.29% lower than the median price per square foot for the city of Fullerton.

About 3106 Garnet Ln

Detailed summary of property

3106 Garnet Ln is a fourplex located in Fullerton, CA 92831 and is currently in escrow to be sold. This fourplex offers 8 bedrooms, 4 bathrooms, roughly 3,258 living square feet, and sits on an approximately 7,405 square foot lot. 3106 Garnet Ln was first listed on ArdentRealEstateGroup.com on March 3, 2023. The homeowner is currently asking $1,495,000 and was originally asking $1,529,000. The median priced home in Fullerton is $1,095,000 with a median price per square foot of $583. Based on Ardent Real Estate Group's Fullerton Market Data, this home is listed 36.53% higher than the median priced home. Local competing homes currently for sale include 1811 W Gramercy Ave, 716 5th Ave and 938 S Gilbuck Dr. While the average home in Fullerton, CA is selling in 50 days, 3106 Garnet Ln has a days on market of 149 days. There are currently 133 homes for sale in the Fullerton real estate market and 106 of them are single family homes while 18 of them are condos and 9 are townhomes. For more information on this home for sale at 3106 Garnet 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 3106 Garnet Ln

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
3,258
Lot Size
7,103
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
15
APN
339-225-02

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.
$581
Median Sold Price
$1,030,000
Median Sold Price/Sq.Ft.
$578
Total Inventory
33
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.