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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$2,199,951

Est. payment - /mo

8,276 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision College Greens

MLS Listing ID PW25253285

HOA Y/N No

Year Built 1964

Lot Size 8,276 Sqft

Property Sub-Type Quadruplex

Property Description

Discover an exceptional investment opportunity at 3100 Topaz Lane, a pride-of-ownership fourplex nestled on a prime corner lot in Fullerton's desirable College Greens neighborhood. Built in 1964 by the renowned Covington Builders, this well-maintained property spans approximately 4,319 square feet and features a strong unit mix: one spacious 3-bedroom, 2-bathroom unit (1,198 sq ft) and three comfortable 2-bedroom units (one with 2 bathrooms at 1,048 sq ft, one with 1.5 bathrooms at 1,038 sq ft, and one with 1 bathroom at 1,008 sq ft). Each unit boasts generous living spaces with tile flooring in the living areas, individual meters for electricity and gas, and private outdoor areas—three with patios and one with a spacious deck. Recently painted exteriors enhance the curb appeal, while practical amenities include a private laundry facility, alley access to garages, and a total of 5 garage parking spaces for added convenience.

This low-maintenance gem benefits from long-term tenants and is poised for strong cash flow with rents at market rates—currently aligned with Fullerton's averages of around $2,600 for 2-bedroom units and $3,200-$3,500 for 3-bedroom units, offering excellent upside potential.

The neighborhood is highly walkable, with entertainment venues, restaurants, pharmacies, parks, and recreational areas just a short stroll away, fostering a sense of community perfect for families. Top-rated schools in the Placentia-Yorba Linda Unified School District, including Topaz Elementary, Col. J.K. Tuffree Middle, and El Dorado High, add to the appeal for tenants seeking quality education options. Don't miss this turnkey multifamily property in a sought-after location—schedule a viewing today!

Location

State CA

County Orange

Area 83 - Fullerton

Interior

Heating Forced Air, Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Curbs, Street Lights, Sidewalks

Total Parking Spaces 5

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 33922301

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Listed by Kay Meewan Lee Circa Properties, Inc.

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3100 TOPAZ LN Fullerton, CA 92831