3024 E Topaz Ln 4 Unit Apartment Building $1,750,000 ($437,500/Unit) 5.24% Cap Rate Fullerton, CA 92831

3024 Topaz Lane is a 4-unit apartment property located in the City of Fullerton. Built in1964, 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 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.