3112 Pearl Dr
For Sale
Fullerton
$1,600,000
Property Description
This four-unit apartment building in Fullerton, California, offers a prime value-add investment opportunity. Generating $8,340 in monthly rental income, the property features four spacious 2-bedroom, 2-bathroom units with a mix of tile and carpet flooring, combining durability with comfort.
Additional amenities include six single-car garages, providing secure parking and extra storage, and on-site laundry facilities for tenant convenience.
Located in close proximity to California State University, Fullerton, this property benefits from high rental demand driven by students and university staff. The desirable neighborhood offers easy access to downtown, parks, and major highways, ensuring strong occupancy rates and significant potential for increased returns.
Contact Agent
Alexio Barbara
760-419-1343
Investment Summary
Property Location
For Sale
$1,600,000
Property Type
4 Units
Price/Unit
$400K
Units
Unit Mix
4
(4) 2bed/2ba
Price/Sq Ft
$418
NOI
$62,948
CAP
GRM
Sq Ft
Current
3.9
15.8
Imp
3,820
Year Built
1964
Proforma
5.8
12.1
Land
8,750