3100 Quartz Lane

Fullerton, CA 92831

$17,990,000
Price
5
Beds
47
Baths
46,368 Sq. Ft.
$388 / Sq. Ft.
46,368
Sq. Ft.
$388
per Sq. Ft.

Description

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,...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.
  1. Listed by Tyler Leeson • DRE #01451551 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest • tleeson@marcusmillichap.com

Property Details for 3100 Quartz Lane

Parking Spaces Total
60
Private Pool
No
Total Units
43.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
46368
Assessor Parcel Number
339-235-01
Property Attached YN
false
LISTING UPDATED: 09/27/2024 07:06 AM

Property Details for 3100 Quartz Lane

StatusActive
MLS #OC23225443
Days on Market327
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
CountyOrange County

Building Information for 3100 Quartz Lane

Building/Complex3100 Quartz LnFloor-Stories2Residences-Pet Policy-Year Built1964Building Size-

Property Information for 3100 Quartz Lane

Income / Expense / Tax Details
Income Details
  • Gross Income: $1,283,031
  • Gross Scheduled Income: $1,232,436
  • Vacancy Allowance: 36973
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $1,283,031
  • Net Operating Income: $790,149
  • Other Income Description: Misc
  • Other Income 1: $50,595
  • Gross Multiplier: 14.02
  • Cap Rate: 4.39
Expense Details
  • Operating Expense: $455,909
  • New Taxes Expense: $191,235
  • Fuel Expense: $22,456
  • Electric Expense: $22,456
  • Insurance Expense: $22,268
  • Maintenance Expense: $27,950
  • Professional Management Expense: $37,382
  • Other Expense: $87,251
  • Other Expense Description: Misc
  • Trash Expense: $22,455
  • Water Sewer Expense: $22,456
  • Total Expenses: $455,909
Tax / Assessment Info
  • Tax Tract Number: 5190
  • Tax Census Tract: 117.11
  • CFD/Mello-Roos Fee: $10,051
  • Tax Lot: 5
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: First Floor
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Additional Parcels Description: 339-235-02, 339-233-18, 339-233-19, 339-233-21, 339-233-22, 339-233-23
  • Lot Features: Level with Street
  • Number Of Units: 43
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 60
  • Parking Garage Spaces: 60
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 39
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 52
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $92,030
  • Unit Type Total Rent: $92,030
  • Unit Type Pro Forma: 107250
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 8
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $10,673
  • Unit Type Total Rent: $10,673
  • Unit Type Pro Forma: 12600
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 10
  • Number Of Separate Electric Meters: 43
  • Number Of Separate Gas Meters: 43
  • Number Of Separate Water Meters: 1

Property History for 3100 Quartz Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3100 Quartz Lane

Taxable ValueLand$1,478,121Additions$153,879Total$1,632,000
Tax Record2024$18,348 ($1,529 / month)
Home Facts
Total Finished SqFt4,177 SqFtAbove Grade Finished SqFt4,177 SqFtStories2Lot Size10,574 SqFtStyleQuadraplexYear Built1964CountyORANGEAPN339-235-01

Schools near 3100 Quartz Lane

This home is within Placentia-Yorba Linda Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Topaz Elementary School
PublicK to 6

Col. J. K. Tuffree Middle School
Public7 to 8

El Dorado High School
Public9 to 12

Parkview
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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3100 Quartz Lane is a multi-family home for sale in Fullerton, CA 92831. This property was listed for sale on December 13, 2023 by Marcus & Millichap RE Invest, it's currently listed at $17,990,000. It has been on the market for a total of 327 days and was last sold on December 30, 2011. This listing's school district is Placentia-Yorba Linda Unified School District. Nearby schools include Topaz Elementary School, Col. J. K. Tuffree Middle School and El Dorado High School. 3100 Quartz Lane is a 5-bed, 47-bath, 46,368 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.