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3043 Topaz Ln 4 Unit Apartment Building $1,750,000 ($437,500/Unit) 4.54% Cap Rate Fullerton, CA 92831
INVESTMENT HIGHLIGHTS
- All 2 & 3 Bedroom Units
- New Electrical Panels, New Roof, Concrete Driveway, Decks, Balconies & Railings
- Located just Minutes from Cal State Fullerton - Home to Over 40,000 Students
- Generous Floorplans Totaling 4,337 Rentable Square Feet
- Garages, Patios, Balconies, On-Site Laundry, Wall A/C
- Can Be Purchased with Identical Neighboring Property
EXECUTIVE SUMMARY
Built in 1964 and situated on just under 8,000 square feet of land, this property features four spacious units, all with two & three bedrooms, offering generous floorplans for a
total of 4,337 rentable square feet. Some of the property amenities include an onsite laundry facility, patios/balconies, fireplaces (for select units, individual water heaters, (2)
double-car garages and (2) single-car garages for a 1.5 to 1 parking ratio. The property boasts a new roof, concrete driveways, decks, balconies, railings and new electrical panels. All of the units are individually metered for electricity and gas. This property can be purchased with the neighboring property at 3049 Topaz Lane. *All of the units are eligible for 8% rent increases effective April 1, 2026.
Ideally located within the city of Fullerton, this property is near an endless amount of dining, shopping and entertainment options. Additionally, the property is centrally located near the 91 Freeway and the 57 Freeway, allowing for ease of access to regional employment hubs in Los Angeles and Orange County.
total of 4,337 rentable square feet. Some of the property amenities include an onsite laundry facility, patios/balconies, fireplaces (for select units, individual water heaters, (2)
double-car garages and (2) single-car garages for a 1.5 to 1 parking ratio. The property boasts a new roof, concrete driveways, decks, balconies, railings and new electrical panels. All of the units are individually metered for electricity and gas. This property can be purchased with the neighboring property at 3049 Topaz Lane. *All of the units are eligible for 8% rent increases effective April 1, 2026.
Ideally located within the city of Fullerton, this property is near an endless amount of dining, shopping and entertainment options. Additionally, the property is centrally located near the 91 Freeway and the 57 Freeway, allowing for ease of access to regional employment hubs in Los Angeles and Orange County.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$115,960
|
$26.74
|
| Other Income |
$1,129
|
$0.26
|
| Vacancy Loss |
$3,512
|
$0.81
|
| Effective Gross Income |
$113,577
|
$26.19
|
| Taxes |
$19,597
|
$4.52
|
| Operating Expenses |
$14,455
|
$3.33
|
| Total Expenses |
$34,052
|
$7.85
|
| Net Operating Income |
$79,525
|
$18.34
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $115,960 |
| Annual Per SF | $26.74 |
| Other Income | |
|---|---|
| Annual | $1,129 |
| Annual Per SF | $0.26 |
| Vacancy Loss | |
|---|---|
| Annual | $3,512 |
| Annual Per SF | $0.81 |
| Effective Gross Income | |
|---|---|
| Annual | $113,577 |
| Annual Per SF | $26.19 |
| Taxes | |
|---|---|
| Annual | $19,597 |
| Annual Per SF | $4.52 |
| Operating Expenses | |
|---|---|
| Annual | $14,455 |
| Annual Per SF | $3.33 |
| Total Expenses | |
|---|---|
| Annual | $34,052 |
| Annual Per SF | $7.85 |
| Net Operating Income | |
|---|---|
| Annual | $79,525 |
| Annual Per SF | $18.34 |
PROPERTY FACTS
| Price | $1,750,000 | Apartment Style | Garden |
| Price Per Unit | $437,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 4.54% | Building Size | 4,337 SF |
| Gross Rent Multiplier | 14.95 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.38/1,000 SF |
| Zoning | R3 | ||
| Price | $1,750,000 |
| Price Per Unit | $437,500 |
| Sale Type | Investment |
| Cap Rate | 4.54% |
| Gross Rent Multiplier | 14.95 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 4,337 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.38/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Fireplace
- Patio
SITE AMENITIES
- Courtyard
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $2,215 | 1 |
| 2+1.5 | 1 | $2,393 | 1 |
| 2+2 | 1 | $2,320 | 1 |
| 3+2 | 1 | $2,734 | 1 |
1 1
Walk Score®
Very Walkable (76)
PROPERTY TAXES
| Parcel Number | 339-221-05 | Total Assessment | $642,615 (2025) |
| Land Assessment | $434,151 (2025) | Annual Taxes | $19,597 ($4.52/SF) |
| Improvements Assessment | $208,464 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
339-221-05
Land Assessment
$434,151 (2025)
Improvements Assessment
$208,464 (2025)
Total Assessment
$642,615 (2025)
Annual Taxes
$19,597 ($4.52/SF)
Tax Year
2024
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