Fullerton, CA 92831 3037 Garnet Lane

3037 Garnet Lane Fullerton, CA - Image 1
Presented By: Jason Kirklen with Kirklen Investment Group; 949-942-1302
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# OC25067292
  • 03/27/2025
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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 • 1
  • SQFT • 3,258
  • Garage • 6

Home Details

The subject property features an extremely desirable unit mix comprised exclusively of two bedroom and one bath units totaling 3,258 square feet on a large, 7,405 square foot lot. 3037 Garnet Lane provides residents with amenities such as on-site laundry, six (6) garage parking spaces, private patios and walking distance to Pearl Park which features a playground, barbecue pits and picnic tables for residents to enjoy a nice outing. 3037 Garnet Lane 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 20% upside in rents, 3037 Garnet Lane 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 3037 Garnet Lane

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories1

Other Rooms

Entry Level1

General for 3037 Garnet Lane

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.16
Carport Y/NNo
CityFullerton
Community FeaturesCurbs, Gutters, StormDrains, Sidewalks
CountyOrange
Directions57 N exit R Yorba Linda Blvd, R on N Placentia Ave
Electric Expense707.0
Electric On Property Y/NNo
Entry LocationSide
Fuel Expense1916.0
Garage Spaces6.0
Garage Y/NYes
Gross Income95038.0
HOANo
Home Warranty Y/NNo
Insurance Expense3682.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashToNewLoan, Exchange1031
Lot Size Square Feet7405.0
Lot Size UnitsSquareFeet
MLS Area699 - Not Defined
MaintenanceExpense4492.0
MobileHomeRemainsYNNo
Net Operating Income62192.0
New ConstructionNo
Number Of Units Total4
Operating Expense32845.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Tax Lot4
Taxes$16,909
Trash Expense1056.0
Water Sewer Expense2102.0
Year Built1964
Year Built SourceAssessor
ZoningR-3

Exterior for 3037 Garnet Lane

Building Area Total3258.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesElevenToFifteenUnitsAcre
Lot Size Acres0.17
Lot Size Area7405.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned
Private PoolNo
SpaNo
Total Parking6.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,496,000
MLS#OC25067292
List Date 03/27/2025
Property Type Multi-Family
Phone 714.742.6515
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