The Quartz Portfolio | 3100-3139 Quartz Ln
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The Quartz Portfolio 3100-3139 Quartz Ln
43 Unit Block of Flats £14,091,567 (£327,711/Unit) 4.39% Net Initial Yield Fullerton, CA 92831
Investment Highlights
- Attractive Mix of Spacious Two & Three-Bedroom Floor Plans
- Ten Remodeled On-Site Laundry Facilities | Multiple Common Area Courtyards | Private Patios (Select Units)
- Easy Access to Everyday Needs Along Yorba Linda Boulevard at Crossroads Shopping Center & Placentia Town Center
- Features 10 Buildings Situated on 7 Neighboring Parcels
- Ample Parking: 60 Garage Spaces & an Abundance of Street Parking
- Within 0.50 Miles from California State University, Fullerton (CSUF), a Major Local Employer & Housing Driver for the Area
Executive Summary
The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present The Quartz Portfolio, a 43-unit multifamily investment opportunity located in Fullerton, CA.
Situated on seven neighboring parcels, the portfolio offers a highly-desirable mix of spacious two and three-bedroom floor plans. Each property in the portfolio features attractive amenities including a remodeled on-site laundry facility, private patios (select units), and ample garage parking.
The Quartz Portfolio benefits from its excellent East Fullerton location within 0.50 miles of California State University, Fullerton (CSUF), a major employment and housing driver for the area. Residents enjoy convenient access to nearby shopping centers that feature popular retailers including Target, Albertsons, Ralphs, Kohl’s, and more. Additionally, The Quartz Portfolio is just 1.25 miles north of the planned Placentia Metrolink Station, expected to open in the summer of 2025, which will offer service between Downtown Los Angeles and Riverside. Furthermore, the portfolio benefits from its close proximity to State Routes 57 and 91, connecting residents to employment hubs throughout Southern California.
In summary, The Quartz Portfolio’s fantastic location offers residents a wide variety of recreation, employment, transportation, and retail amenities, which together will help to attract a diverse renter pool. This overall demand for well-located and maintained apartment buildings will be a key driver in the continued growth and success for The Quartz Portfolio.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
Situated on seven neighboring parcels, the portfolio offers a highly-desirable mix of spacious two and three-bedroom floor plans. Each property in the portfolio features attractive amenities including a remodeled on-site laundry facility, private patios (select units), and ample garage parking.
The Quartz Portfolio benefits from its excellent East Fullerton location within 0.50 miles of California State University, Fullerton (CSUF), a major employment and housing driver for the area. Residents enjoy convenient access to nearby shopping centers that feature popular retailers including Target, Albertsons, Ralphs, Kohl’s, and more. Additionally, The Quartz Portfolio is just 1.25 miles north of the planned Placentia Metrolink Station, expected to open in the summer of 2025, which will offer service between Downtown Los Angeles and Riverside. Furthermore, the portfolio benefits from its close proximity to State Routes 57 and 91, connecting residents to employment hubs throughout Southern California.
In summary, The Quartz Portfolio’s fantastic location offers residents a wide variety of recreation, employment, transportation, and retail amenities, which together will help to attract a diverse renter pool. This overall demand for well-located and maintained apartment buildings will be a key driver in the continued growth and success for The Quartz Portfolio.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£965,367
|
£20.82
|
| Other Income |
£39,631
|
£0.85
|
| Vacancy Loss |
£28,961
|
£0.62
|
| Effective Gross Income |
£976,037
|
£21.05
|
| Taxes |
£149,794
|
£3.23
|
| Operating Expenses |
£207,319
|
£4.47
|
| Total Expenses |
£357,114
|
£7.70
|
| Net Operating Income |
£618,924
|
£13.35
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £965,367 |
| Annual Per SF | £20.82 |
| Other Income | |
|---|---|
| Annual | £39,631 |
| Annual Per SF | £0.85 |
| Vacancy Loss | |
|---|---|
| Annual | £28,961 |
| Annual Per SF | £0.62 |
| Effective Gross Income | |
|---|---|
| Annual | £976,037 |
| Annual Per SF | £21.05 |
| Taxes | |
|---|---|
| Annual | £149,794 |
| Annual Per SF | £3.23 |
| Operating Expenses | |
|---|---|
| Annual | £207,319 |
| Annual Per SF | £4.47 |
| Total Expenses | |
|---|---|
| Annual | £357,114 |
| Annual Per SF | £7.70 |
| Net Operating Income | |
|---|---|
| Annual | £618,924 |
| Annual Per SF | £13.35 |
Property Facts
| Price | £14,091,567 | Property Subtype | Apartment |
| Price Per Unit | £327,711 | Apartment Style | Garden |
| Sale Type | Investment | Building Class | C |
| Net Initial Yield | 4.39% | Lot Size | 1.99 AC |
| Gross Rent Multiplier | 14.02 | Building Size | 46,368 SF |
| No. Units | 43 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1964 |
| Price | £14,091,567 |
| Price Per Unit | £327,711 |
| Sale Type | Investment |
| Net Initial Yield | 4.39% |
| Gross Rent Multiplier | 14.02 |
| No. Units | 43 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.99 AC |
| Building Size | 46,368 SF |
| Number of Floors | 2 |
| Year Built | 1964 |
Unit Amenities
- Patio
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 39 | - | 1,040 |
| 3+2 | 4 | - | 1,443 |
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Walk Score ®
Very Walkable (72)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | £13,472,760 | |
| Land Assessment | £12,167,522 | Annual Taxes | £149,794 (£3.23/sf) |
| Improvements Assessment | £1,305,238 | Tax Year | 2023 Payable 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£12,167,522
Improvements Assessment
£1,305,238
Total Assessment
£13,472,760
Annual Taxes
£149,794 (£3.23/sf)
Tax Year
2023 Payable 2023
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The Quartz Portfolio | 3100-3139 Quartz Ln
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