3143 Topaz Lane

    Fullerton, CA 92831
    • $1,445,000
    • STATUS: Active
    • ON SITE: 184 days
    • ID#: PW18114990
    UPDATED: 79 min ago
    $1,445,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,301
      SQFT
    • $336
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    Excellent opportunity for an owner occupant or seasoned investor to purchase a well maintained and upgraded Covington style 4-plex in Fullerton; one of the most sought after locales in North Orange County. This pride of ownership building boasts (1) three bed/ two bath townhouse and (3) two bed/ one bath units. All four apartments have completely renovated kitchens including new cabinets, granite countertops, new ovens and dishwashers. Every bathroom for each of the apartments has been upgraded with new tubs, tile shower surrounds, and new vanities. Finally, the common areas for all four residences have received ceramic tile flooring and each bedroom has new carpet. The 4-plex structure is 4,299 square feet and has received a fresh coat of new paint as well as all new vinyl windows throughout. The property sits atop a large, 8,276 square foot, corner lot and the landscaping has recently been refurbished. The tenants enjoy garage parking, an onsite laundry facility, private patios, and a large balcony (2nd story unit only). The Covington style 4-plex is within close walking distance to Topaz Elementary and Crossroads Shopping Center making it a desirable location for years to come.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T09:31:14.93. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/83639151

    3143 Topaz Lane Fullerton, CA 92831

    • Price: $1,445,000
    • Status: Active
    • Updated: 79 min ago
    • ID#: PW18114990
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    4,301
    SQFT
    $336
    $/SQFT
    1964
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    83 - Fullerton
    Property Description
    Excellent opportunity for an owner occupant or seasoned investor to purchase a well maintained and upgraded Covington style 4-plex in Fullerton; one of the most sought after locales in North Orange County. This pride of ownership building boasts (1) three bed/ two bath townhouse and (3) two bed/ one bath units. All four apartments have completely renovated kitchens including new cabinets, granite countertops, new ovens and dishwashers. Every bathroom for each of the apartments has been upgraded with new tubs, tile shower surrounds, and new vanities. Finally, the common areas for all four residences have received ceramic tile flooring and each bedroom has new carpet. The 4-plex structure is 4,299 square feet and has received a fresh coat of new paint as well as all new vinyl windows throughout. The property sits atop a large, 8,276 square foot, corner lot and the landscaping has recently been refurbished. The tenants enjoy garage parking, an onsite laundry facility, private patios, and a large balcony (2nd story unit only). The Covington style 4-plex is within close walking distance to Topaz Elementary and Crossroads Shopping Center making it a desirable location for years to come.
    Exterior Features

    Construction Materials Stucco Garage Spaces 6.00 Lot Features Landscaped Lot Size Source Assessor Lot Size Units Square Feet Parking Total 6.00 Pool Features None Pool Private YN No Property Attached YN Yes Roof Composition

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common WallNo One Above Laundry Features Community Levels Two Window Features Insulated Windows

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.50 Community Features Street Lighting Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 900.00 Gross Income 1800.00 Gross Multiplier 17.84 Gross Operating Income 78570.00 Gross Scheduled Income 81000.00 Insurance Expense 1100.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry Income 1800.00 Laundry YN Yes Maintenance Expense 3929.00 Maintenance Percent 5.00 Net Operating Income 51110.00 New Construction YN No New Taxes Expense 16580.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 27460.00 Operating Expense Percent 33.90 Other Expense 4452.00 Other Expense Description Utility Property Condition Updated/Remodeled Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other None Tenant Pays Cable TvElectricityGas Total Expenses 27460.00 Trash Expense 0.00 Vacancy Allowance 2430 Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Michael Arp of Morgan Skenderian and Rick Applebaum of .


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T09:31:14.93. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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