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3148 Pearl Drive is a 4-unit multifamily investment property located in Fullerton, one of the premier rental markets in Orange County. Situated on a 0.20-acre lot, the property offers an attractive unit mix consisting exclusively of two-bedroom floor plans and amenities including private patios or balconies, on-site laundry, and garage parking. Current ownership has invested significant capital into improvements including new dual pane windows, laminate and tile flooring, cabinetry, quartz countertops, appliances, bathrooms, garage doors, exterior wood, A/C units, and fresh paint. The property benefits from its close proximity to California State University, Fullerton (CSUF), which has an annual enrollment of over 41,000 students. There is significant demand for rental units in close proximity to the university as 94 percent of CSUF students live in off-campus housing. The property is located within walking distance of the Fullerton Crossroads retail center, providing residents with convenient access to their everyday needs. Additionally, the property is situated in close proximity to State Route 57, connecting residents to regional employment hubs.
Listing agent: Tyler Leeson DRE #01451551 tleeson@marcusmillichap.com, Listing office: Marcus & Millichap RE Invest
MLS data updated 10/24/2026, 9:23:32 AM PT
Source: CRMLS, MLS #: OC21256366
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Jan 7, 2022
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$1,550,000Closed sale · Jan 7, 2022ZIP 92831 · Jan 2022
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.