Fullerton, CA 92831 3124 Pearl Drive

3124 Pearl Drive Fullerton, CA - Image 13124 Pearl Drive Fullerton, CA - Image 23124 Pearl Drive Fullerton, CA - Image 3
Presented By: Jason Kirklen with Kirklen Investment Group; 949-942-1302
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# OC25065860
  • 03/26/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 8
  • Baths • 2
  • SQFT • 3,820
  • Garage • 6

Home Details

The subject property features an extremely desirable unit mix comprised exclusively of two bedroom and two bath units totaling 3,820 square feet on a large, 8,744 square foot lot. 3124 Pearl Drive provides residents with amenities such as on-site laundry, six (6) garage parking spaces and one (1) surface space, private patios/balconies and walking distance to Pearl Park which features a playground, barbecue pits and picnic tables for residents to enjoy a nice outing. 3124 Pearl Drive also benefits from its strong location within the Fullerton sub-market being located near multiple shopping centers providing residents an abundance of shopping, entertainment, and dining options. The subject property is also located near a number of education institutions such as Kraemer Middle School, Valencia High School and Cal State Fullerton. Taking into consideration the subject property’s strong in-place rental income and 18% upside in rents, 3124 Pearl Drive offers a new owner an appealing opportunity to take advantage of the strong rental demand in the city of Fullerton.
Presented By: Jason Kirklen with Kirklen Investment Group; 949-942-1302

Interior Features for 3124 Pearl Drive

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2

Other Rooms

Entry Level1

General for 3124 Pearl Drive

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate3.89
Carport Y/NNo
CityFullerton
Community FeaturesCurbs, Gutters, Sidewalks
CountyOrange
Directions57 North, R on Yorba Linda Blvd, R on N Placentia Ave
Electric Expense707.0
Entry LocationFacing Courtyard
Fuel Expense1916.0
Garage Spaces6.0
Garage Y/NYes
Gross Income99094.0
HOANo
Home Warranty Y/NNo
Insurance Expense4317.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Exchange1031
Lot Size Square Feet8744.0
Lot Size UnitsSquareFeet
MLS Area699 - Not Defined
Maintenance Expense4492.0
MobileHomeRemainsYNNo
Net Operating Income63820.0
New ConstructionNo
Number Of Units Total4
Open Parking Spaces1.0
Operating Expense35274.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot32
Taxes$18,433
Tenant PaysElectricity
Trash Expense1056.0
Water Sewer Expense2102.0
Year Built1964
Year Built SourceAssessor

Exterior for 3124 Pearl Drive

Building Area Total3820.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixToTenUnitsAcre
Lot Size Acres0.2007
Lot Size Area8744.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters1
Number of Separate Water Meters1
Parking FeaturesAssigned
Private PoolNo
SpaNo
Total Parking7.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,640,000
MLS#OC25065860
List Date 03/26/2025
Property Type Multi-Family
Phone 714.742.6515
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