Pearl Drive Apartments

Highlights:

• Strong In-Place Rental Income
• 100% Two Bedroom and Two Bathroom Units
• Amenities Include 6 Garage Spaces and 1 Surface Space, On-Site Laundry, Private Patios and Balconies
• Convenient Access to 57 Freeway to Access Great Orange and Los Angeles Counties
• Great Proximity to Six Shopping Centers for Shopping, Dining and Entertainment Options
• Near Educational Institutions Including Kraemer Middle School, Valencia High School, and Cal State Fullerton

Description:

Kirklen Investment Group proudly offers the opportunity to acquire 3124 Pearl Drive, a 4-unit multifamily property located in Fullerton, CA. 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.

Fullerton is a city located in northern Orange County, California, United States. As of the 2022 census, the city had a total population of 140,541.

Fullerton was founded in 1887. It secured the land on behalf of the Atchison, Topeka and Santa Fe Railway. Historically it was a center of agriculture, notably groves of Valencia oranges and other citrus crops; petroleum extraction; transportation; and manufacturing. It is home to numerous higher educational institutions, particularly California State University, Fullerton and Fullerton College. From the mid-1940s through the late 1990s, Fullerton was home to a large industrial base made up of aerospace contractors, canneries, paper products manufacturers, and is considered to be the birthplace of the electric guitar, due in a large part to Leo Fender. The headquarters of Vons, which is owned by Albertsons, is located in Fullerton near the Fullerton–Anaheim line.