Strands Realty Group is pleased to present 3117 Pearl Drive, a fully occupied fourplex located in one of Fullerton’s most sought-after rental markets. Just minutes from Cal State Fullerton, Brea Mall, and the 57 & 91 freeways, this property offers exceptional access to major job centers, top schools, and high-demand amenities.
All four units are spacious 2-bedroom, 2-bath layouts with private garage parking and on-site laundry. Each unit is currently leased month-to-month, creating a rare opportunity to raise rents to market quickly. With rents over 44% below market, this is a clear value-add play with immediate upside potential.
While the property has been well maintained, no recent renovations have been completed—leaving room for both interior and exterior upgrades to maximize value. This is an ideal investment for operators seeking to reposition a stable asset in a low-vacancy, supply-constrained North Orange County submarket.
Sold for $1,375,000
Listed by: Erik Michael Ransdell, Broker • Erik Ransdell • Contact: 714-392-6380
Bought with: Erik Michael Ransdell, Broker
$1,375,000
3117 Pearl Dr, Fullerton, CA 92831
8beds
3,820sqft
Quadruplex
Built in 1964
-- sqft lot
$1,910,200 Zestimate®
$360/sqft
$4,193 Estimated rent
Home value
$1,910,200
$1.66M - $2.18M
$4,193/mo
Zestimate® history
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$8,698/mo
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Zillow last checked:
Listing updated:
Listed by:
Erik Ransdell DRE #02077589 714-392-6380,
Erik Michael Ransdell, Broker
Bought with:
Erik Ransdell, DRE #02077589
Erik Michael Ransdell, Broker
Source: CRMLS,MLS#: PW25167932
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 8
- Main level bathrooms: 8
- Main level bedrooms: 8
Rooms
- Room types: Kitchen, Living Room, Primary Bathroom, Primary Bedroom
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Common Area
Features
- Multiple Staircases
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total interior livable area: 3,820 sqft
Property
Parking
- Total spaces: 6
- Parking features: Garage
- Garage spaces: 6
Features
- Levels: Two
- Stories: 2
- Entry location: Pearl Dr
- Pool features: None
- Has view: Yes
- View description: None
Lot
- Size: 8,756 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 33923203
- Zoning: R3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1964
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs, Foothills, Gutter(s), Park, Storm Drain(s), Street Lights, Suburban, Sidewalks
Location
- Region: Fullerton
Financial & listing details
- Price per square foot: $360/sqft
- Tax assessed value: $832,759
- Annual tax amount: $9,936
- Date on market: 7/25/2025
- Cumulative days on market: 106 days
- Listing terms: Conventional,Contract
Price history
| Date | Event | Price |
|---|---|---|
| 12/3/2025 | Sold | $1,375,000-15.6%$360/sqft |
Source:  CRMLS #PW25167932 Report a problem | ||
| 11/18/2025 | Contingent | $1,630,000$427/sqft |
Source: CRMLS #PW25167932 Report a problem | ||
| 11/10/2025 | Pending sale | $1,630,000$427/sqft |
Source: CRMLS #PW25167932 Report a problem | ||
| 7/25/2025 | Listed for sale | $1,630,000+150.8%$427/sqft |
Source: CRMLS #PW25167932 Report a problem | ||
| 5/6/2011 | Sold | $650,000+33.9%$170/sqft |
Source: Public Record Report a problem | ||
| 1/19/2011 | Sold | $485,500+392.9%$127/sqft |
Source: Public Record Report a problem | ||
| 11/6/2008 | Sold | $98,500-85.6%$26/sqft |
Source: Public Record Report a problem | ||
| 10/16/2008 | Price change | $685,000-2%$179/sqft |
Source: Listhub #S526680 Report a problem | ||
| 8/23/2008 | Listed for sale | $699,000+80.2%$183/sqft |
Source: Listhub #S526680 Report a problem | ||
| 11/6/2001 | Sold | $388,000$102/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,936 +2.3% | $832,759 +2% |
| 2024 | $9,714 +1.8% | $816,431 +2% |
| 2023 | $9,546 +0.9% | $800,423 +2% |
| 2022 | $9,463 +1.7% | $784,729 +2% |
| 2021 | $9,309 -0.2% | $769,343 +1% |
| 2020 | $9,327 | $761,455 +2% |
| 2019 | $9,327 +3.4% | $746,525 +2% |
| 2018 | $9,016 +2.9% | $731,888 +2% |
| 2017 | $8,765 | $717,538 +2% |
| 2016 | $8,765 +2% | $703,469 +1.5% |
| 2015 | $8,594 +4.3% | $692,903 +2% |
| 2014 | $8,241 | $679,330 +0.5% |
| 2013 | -- | $676,260 +2% |
| 2012 | -- | $663,000 +3.4% |
| 2011 | -- | $641,279 +0.8% |
| 2010 | -- | $636,487 -0.2% |
| 2009 | -- | $638,000 +46.2% |
| 2008 | -- | $436,378 +2% |
| 2007 | -- | $427,822 +2% |
| 2006 | -- | $419,434 +2% |
| 2005 | -- | $411,210 +2% |
| 2004 | -- | $403,148 +1.9% |
| 2003 | -- | $395,760 +2% |
| 2002 | -- | $388,000 +133.6% |
| 2001 | $1,915 +1.9% | $166,120 +2% |
| 2000 | $1,879 | $162,863 |
Find assessor info on the county website
Neighborhood: 92831
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Nearby schools
GreatSchools rating
- 7/10Topaz Elementary SchoolGrades: K-6Distance: 0.2 mi
- 9/10Col. J. K. Tuffree Middle SchoolGrades: 7-8Distance: 1.2 mi
- 9/10El Dorado High SchoolGrades: 9-12Distance: 1.1 mi
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Estimated market value
$1,910,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,910,200
- California
- Orange County
- Fullerton
- 92831
- 3117 Pearl Dr
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