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Sold on 03/18/2026
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3124 Pearl Dr, Fullerton, CA 92831

  • $1,625,000

    Last sold 03/18/2026 after 364 Days

  • bed

  • bath

Multi-family not for sale
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About 3124 Pearl Dr

Property type Multi-family
Year built 1964
HOA fee $0/month
Lot size 8,744 Sqft
Movoto estimate
Parking 6 garage spaces
Rental estimate
Property description
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.
Listed by
Listing Agent - Jason Kirklen
Listing Agent Contact: 949-942-1302
Listing Office - Kirklen Investment Group
Source: CRMLS mls logo
MLS#OC25065860 • last updated 4 months ago
Movoto checked CRMLS for data 3 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Quadruplex
Status Closed
Lot Size (Acres) 0.2007
Lot Size (SqFt) 8744
Year Built 1964
Interior
Laundry Common Area
Exterior
Building Area Square Feet, 3820
Parking Assigned
# Uncovered Spaces 1
# Parking Spaces 7
# Garage Spaces 6
Lot Description 6-10 Units/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Orange
Community Features Gutters, Curbs, Sidewalks
Directions 57 North, R On Yorba Linda Blvd, R On N Placentia Ave
APN 33923305
Multifamily Details
Tenant Pays Electricity
Vacancy Allowance Rate 3
Expense: Trash 1056
Laundry Income 445
Operating Expense 35274
Cap Rate 3.89
Expense: Insurance 4317
Total Expenses 35274
Expense: Maintenance 4492
Expense: Water/ Sewer 2102
Gross Income 99094
Gross Operating Income 99094
Expense: Electric 707
Gross Multiplier 16.13
Gross Scheduled Income 101700
Expense: Supplies 500
Expense: Fuel 1916
Expense: Gardener 1750
$1.61M
Range: $1.43M-$1.79M
Last 30 days 
Rental est.: $1,794/month
Gross rent multiplier: 75.5
  • Mar 2026
    mls logo MLS # OC25065860
  • Mar 19, 2026 Sold
    $1,625,000
  • Feb 25, 2026 Active
  • Dec 16, 2025 Listed
  • Nov 26, 2025 Active
  • Jul 10, 2025 Price Change
    $1,640,000 (-1.5%)
  • Mar 19, 2025 Listed
    $1,665,000 (+48.3%)
  • Mar 2026
    Public Records
  • Mar 18, 2026 Sold
    $1,625,000 (-0.9%)
  • Nov 2018
    Public Records
  • Nov 26, 2018 Sold
    $1,123,000
  • Nov 2018
    mls logo MLS # PW18224835
  • Nov 26, 2018 Sold
    $1,123,000 (-2.9%)
  • Nov 26, 2018 Sold
    $1,156,000 (+0.5%)
  • Oct 10, 2018 Active
  • Sep 18, 2018 Listed
    $1,150,000
  • Sep 18, 2018 Listed
    $1,150,000 (+39.4%)
  • Apr 2008
    Public Records
  • Apr 16, 2008 Sold
    $825,000 (+6.5%)
  • Jun 2004
    Public Records
  • Jun 10, 2004 Sold
    $775,000 (+82.4%)
  • Apr 2003
    Public Records
  • Apr 16, 2003 Sold
    $425,000
  • 3124 Pearl Dr
    $1.62M
  • $1.06M
  • 92831
    $799K -1% y/y
  • Fullerton
    $970K -2% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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  • 3124 Pearl Dr
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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 8/11/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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