3148 Pearl Dr, Fullerton, CA 92831
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3148 Pearl Dr Fullerton, CA 92831

$1,550,000
  • 8 Beds
  • 8 Baths
  • 3,820 Sq.Ft.
Pending
$1,550,000 Get Pre-Qualified

Map preview of 3148 Pearl Dr, Fullerton, CA 92831

Property Overview: 3148 Pearl Dr Fullerton, CA has 8 bedrooms, 8 bathrooms, 3,820 living square feet and 8,712 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: 3148 Pearl Drive is a 4-unit multifamily investment property located in Fullerton, one of the premier rental markets in Orange County. Situated on a 0.20-acre lot, the property offers an attractive unit mix consisting exclusively of two-bedroom floor plans and amenities including private patios or balconies, on-site laundry, and garage parking. Current ownership has invested significant capital into improvements including new dual pane windows, laminate and tile flooring, cabinetry, quartz countertops, appliances, bathrooms, garage doors, exterior wood, A/C units, and fresh paint. The property benefits from its close proximity to California State University, Fullerton (CSUF), which has an annual enrollment of over 41,000 students. There is significant demand for rental units in close proximity to the university as 94 percent of CSUF students live in off-campus housing. The property is located within walking distance of the Fullerton Crossroads retail center, providing residents with convenient access to their everyday needs. Additionally, the property is situated in close proximity to State Route 57, connecting residents to regional employment hubs.

Listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest
Last checked: 2 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 7
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Home details

Lot Sq. Ft
8,712
HOA Dues
$0/mo
Year built
1965
Garage
6 Car
Property Type:
Multi Family
Status
Pending
MLS#
OC21256366
City
Fullerton
County
Orange
Time on Site
817 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 6
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $6,725
  • Total Rent: $6,725
  • Pro Forma/Market Rent: $8,380
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $80,700
  • Net Operating Income: $52,562
  • Gross Operating Income: $83,671
  • Vacancy Allowance: $2,421
  • Other Income 1: $5,392
  • Other Income Description: Miscellaneous
Annual Expense Breakdown
  • Total Operating Expense: $31,109
  • Electric: $1,744
  • Gas/Fuel: $1,744
  • New Taxes: $16,752
  • Trash: $1,744
  • Insurance: $1,637
  • Maintenance: $2,400
  • Water/Sewer: $1,744
  • Other Expenses: $3,344
  • Other Expense Description: Misc

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Property Details for 3148 Pearl Dr

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: 6
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: Lawn, Level with Street
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 33923309
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Nearby Cross Streets: Pearl Drive & Sapphire Road
Neighborhood Information
  • Community Features: Curbs, Sidewalks
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Sale History for 3148 Pearl Dr

Last sold for $689,000 on December 18th, 2003
  • December, 2021

  • Dec 20, 2021

    Date

    Pending

    CRMLS: OC21256366

    $1,550,000

    Price

  • Nov 30, 2021

    Date

    Active

    CRMLS: OC21256366

    $1,550,000

    Price

  • December, 2003

  • Dec 18, 2003

    Date

    Sold (Public Records)

    Public Records

    $689,000

    Price

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Tax History for 3148 Pearl Dr

Assessed Value (2020): $871,807
Year Land Value Improved Value Assessed Value
2020 $706,164 $165,643 $871,807

Home Value Compared to the Market

This property vs the competition

3148 Pearl Dr is listed 41.55% 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 $405.76 per/sqft which puts the price per square foot 30.4% lower than the median price per square foot for the city of Fullerton.

About 3148 Pearl Dr

Detailed summary of property

3148 Pearl Dr is a multi family located in Fullerton, CA 92831 and is currently in escrow to be sold. This multi family property offers 8 bedrooms, 8 bathrooms, roughly 3,820 living square feet, and sits on an approximately 8,712 square foot lot. 3148 Pearl Dr was first listed on ArdentRealEstateGroup.com on November 30, 2021. The homeowner is currently asking $1,550,000. 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 41.55% higher than the median priced home. Local competing homes currently for sale include 2051 N Park Ln, 1818 W Glenoaks Ave and 1811 W Gramercy Ave. While the average home in Fullerton, CA is selling in 50 days, 3148 Pearl Dr has a days on market of 7 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 3148 Pearl Dr Fullerton, CA 92831 contact Ardent Real Estate Group and we will put you in touch with one of our Fullerton agents.

Public Facts for 3148 Pearl Dr

Public county record property details
Beds
--
Baths
--
Year built
1965
Sq. Ft.
3,820
Lot Size
8,232
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
28
APN
339-233-09

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.