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3113 Garnet Ln, Fullerton, CA 92831
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3113 Garnet Ln Fullerton, CA 92831

$1,095,000 Sold Price as of 09/30/2019
  • 8 Beds
  • 4 Baths
  • 3,258 Sq.Ft.
Sold
$1,095,000 Sold Price as of 09/30/2019 Refinance Your Mortgage
Map preview of 3113 Garnet Ln, Fullerton, CA 92831

Property Overview: 3113 Garnet Ln Fullerton, CA has 8 bedrooms, 4 bathrooms, 3,258 living square feet and 7,350 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: -**Huge Price Reduction $91K ** Higher Actual Rents/5.05 CAP rate/14.7 GRM on actual rents, New Roll-up Garage Doors, New Exterior Paint! - achieve a 5.67 CAP Rate/ 13.64 GRM on realistic market rents!! Best OC 4plex CAP rate available - priced to sell now. The Garnet Palms Apartments is a well maintained, single story Fullerton fourplex consisting of four two bedroom, one bath units 4(2+1) with enclosed garages, separate tenant gas & electric meters, with an onsite laundry room for additional owner income. The subject property is located in a high-demand tenant location near the intersection of Yorba Linda blvd & Placentia Ave, walking distance to the Target center and numerous other tenant amenities. Additionally, the 57 Freeway on/off-ramp and the California State University Fullerton campus are located just 1/2 of a mile from the subject property. The City of Fullerton also offers tenants numerous entertainment venues, an award winning school district and transportation hubs like the Fullerton Airport and the Fullerton Amtrak Train Station which offers tenants daily commutes to LA and San Diego

Listed by Ed Diaz | BRE #01022469 | Vanguard Property Group
Co-listed by Brad New | BRE #01347742 | Vanguard Property Group
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 106

Home details

Lot Sq. Ft
7,350
HOA Dues
$0/mo
Year built
1964
Garage
6 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW19101587
City
Fullerton
County
Orange
Time on Site
1396 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # 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: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,725
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,725
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,725
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,725
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.05%
  • Gross Rent Multiplier: 17.4
  • Gross Scheduled Income: $76,800
  • Net Operating Income: $57,045
  • Gross Operating Income: $75,264
  • Vacancy Allowance: $1,536
Annual Expense Breakdown
  • Total Operating Expense: $18,218
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $0
  • New Taxes: $12,419
  • Furniture Replacement: $0
  • Trash: $0
  • Cable TV: $0
  • Gardener: $0
  • Insurance: $0
  • Maintenance: $0
  • Workman's Comp: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 3113 Garnet Ln

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • Community, Gas & Electric Dryer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Tile
  • All Bedrooms Down, Family Room, Main Floor Bedroom, Master Bathroom
Kitchen Information
  • Has Appliances
  • Disposal, Gas Oven, Gas Range, Water Heater Central
Interior Features
  • Levels: Two
  • Window Features: Screens
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Door Features: Sliding Doors
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Brick, Stucco Wall
  • No Spa
  • Spa Features: None
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: Asphalt, Concrete, Garage Faces Rear
Lot Information
  • Lot Features: 2-5 Units/Acre, Landscaped, Lot 6500-9999, Paved, Sprinklers In Front, Walkstreet, Yard
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 33922315
  • Year Built Source: Assessor
  • Foundation Details: Slab
  • Property is not Attached
  • Accessibility Features: Parking
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Fullerton Crest (FUCR)
  • Directions: Just South of the intersection of Yorba Linda Blvd and Placentia Ave
  • Road Frontage Type: City Street
  • Road Surface Type: Alley Paved, Paved
Neighborhood Information
  • Community Features: Biking, Curbs, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Fullerton Agent

Sale History for 3113 Garnet Ln

Last sold for $1,095,000 on September 30th, 2019

  • October, 2019

  • Oct 1, 2019

    Date

    Sold

    CRMLS: PW19101587

    $1,095,000

    Price

  • Sep 19, 2019

    Date

    Pending

    CRMLS: PW19101587

    $1,129,000

    Price

  • Aug 16, 2019

    Date

    Active Under Contract

    CRMLS: PW19101587

    $1,129,000

    Price

  • Aug 12, 2019

    Date

    Active

    CRMLS: PW19101587

    $1,129,000

    Price

  • Jul 29, 2019

    Date

    Active Under Contract

    CRMLS: PW19101587

    $1,129,000

    Price

  • Jun 24, 2019

    Date

    Price Change

    CRMLS: PW19101587

    $1,129,000

    Price

  • May 28, 2019

    Date

    Price Change

    CRMLS: PW19101587

    $1,145,000

    Price

  • May 3, 2019

    Date

    Active

    CRMLS: PW19101587

    $1,220,000

    Price

  • September, 2019

  • Sep 30, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,095,000

    Price

  • November, 2002

  • Nov 4, 2002

    Date

    Sold (Public Records)

    Public Records

    $467,000

    Price

Show More

Tax History for 3113 Garnet Ln

Assessed Value (2020): $600,109
Year Land Value Improved Value Assessed Value
2020 $462,084 $138,025 $600,109

Home Value Compared to the Market

This property vs the competition

3113 Garnet Ln sold on September 30, 2019 for 14.62% higher than the current median sold price for the city of Fullerton which is $985,000. The median sold price per/sqft for Fullerton is $618 and this home is sold at $346.53 per/sqft which puts the price per square foot 43.93% lower than the current median sale per square foot for the city of Fullerton.

About 3113 Garnet Ln

Detailed summary of property

3113 Garnet Ln is a multi family that recently sold in Fullerton, CA 92831. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 3,258 living square feet, and sits on an approximately 7,350 square foot lot. 3113 Garnet Ln was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $1,095,000. Home in Fullerton are selling for a median price of $985,000 and a median price per square foot of $618. Based on Ardent Real Estate Group's Fullerton Market Data, this home is sold 14.62% higher than the current median priced home. Local homes that are currently for sale include 7122 Natal Dr, 6728 Friends Ave and 17150 San Mateo St. While the average home in Fullerton, CA is selling in 42 days, 3113 Garnet Ln has a days on market of 106 days. There are currently 176 homes for sale in the Fullerton real estate market and 130 of them are single family homes while 35 of them are condos and 11 are townhomes. For more information on this home for sale at 3113 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 3113 Garnet Ln

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
3,258
Lot Size
7,050
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
7
APN
339-223-15

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
$985,000
Median List Price/Sq.Ft.
$557
Median Sold Price
$1,200,000
Median Sold Price/Sq.Ft.
$605
Total Inventory
45
Median Sale to List Price %
105.26%
Avg Days on Market
26
Loan Type
Conventional (66.67%), FHA (0%), VA (0%), Cash (20%), Other (13.33%)

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Recently Sold Homes Near 3113 Garnet Ln

3101 Garnet Ln, Fullerton, CA 92831
$1,100,000 Last Sold Price
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3101 Garnet Ln
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3061 Garnet Ln, Fullerton, CA 92831
$1,300,000 Last Sold Price
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3258 Sq.Ft.
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$1,665,000 Last Sold Price
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3133 Pearl Dr, Fullerton, CA 92831
$15,100,000 Last Sold Price
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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.

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