Property listed by Remax Commercial and Investment Realty, Nicholas Petrosian 213-817-1000
$1,750,000
3024 Topaz Lane is a 4-unit apartment property located in the City of Fullerton. Built in 1964, the property sits on a 7,841 square foot lot and consists of a desirable unit mix including one three-bedroom, two-bath unit, two two-bedroom, two-bath units, and one two-bedroom, one-bath unit. The property is… Read More currently operating at a 5.24% cap rate and 12.92 GRM with stable in-place income. The layout features a traditional courtyard-style configuration with garage parking located at the rear of the property. Utilities are separately metered for gas and electricity, and each unit is equipped with its own individual hot water heater. Additional amenities include an on-site laundry facility and garage parking consisting of two two-car garages and two single-car garages. The property is located near Yorba Linda Boulevard with convenient access to the 57and 91 Freeways. Major employment centers throughout North Orange County, including Anaheim, Brea, and surrounding commercial districts, are located within a short drive of the property. Read Less
Listing Snapshot
Days Online
23
Last Updated
Beds
9
Square Ft.
4,337
Lot Size
0.18 Acres
Year Built
1964
MLS Number
26660691
Additional Details
Building
Built in 1964, Living area: 4337.0, 1 building, 2 stories, Levels: Two
Cooling
None
Heating
WallFurnace
Income
Gross Income: $135,444, Net Operating Income: $91,747
Laundry
LaundryRoom
Lot
0.18 acres, Dimensions: 67x118
Parking
6 total parking spaces, DoorMulti, DoorSingle, Garage
Taxes
Parcel Number: 33922203, Zoning: R3
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