Garnet Lane Apartments

Highlights:

• Located in the Desirable Fullerton Rental Market
• 100% Two Bedroom and One Bath Units
• Single Story Construction
• Desirable Amenities Including 6 Garage Spaces; On-Site Laundry; and Private Patios
• Convenient Access to the 57 Freeway for Greater Access to Orange and Los Angeles Counties

Description:

Kirklen Investment Group proudly offers the opportunity to acquire 3037 Garnet Lane, a 4-unit multifamily property located in Fullerton, CA. 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.

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.