Garnet Lane Apartments

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.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.