Listed by Kristine Kurz, Real Estate Ebroker Inc,

15825 S Myrtle Avenue

Tustin, CA, 92780

$1,399,000

$446 per ft²
$1,399,000
$446 per ft²
Active Under Contract
Active Under Contract
 - For Sale
carpenters-square
3,130 ft²
property_type
Multi-family
calendar
Built 1963
Rare opportunity to own a turn key multifamily asset in Tustin. Major renovation completed on all interiors so maintenance costs are minimal. 2022 financials demonstrated an amazing 4.7% cap rate - in progress rent increases will push this to 5.0% (proforma 5.6%). Strong rental area walking distance to commercial corridor (walk score 76). This is the only multifamily property for sale in the area. Pride of ownership in this triplex building. No expense spared in building remodel. Spacious units feature patios and balconies. New shower and tub surrounds, new windows, new flooring, new doors, new cabinets, quartz countertops, undermount sinks, garbage disposals, security doors, new FAU’s, paint, ceiling fans… even the exterior stairs have been rebuilt. Building has been replumbed with PEX. Private garages for each unit, plus one extra. Corner location provides for an extra large parking lot. Onsite coin-op laundry room drives additional income for owner. Private storage room for owner use. Drive by only! Do not disturb tenants.
MLS® ID:
OC23002139
Listed:
1/3/23
Updated:
2/7/23

Interior Features

Kitchen Appliances
Gas Oven, Gas Range
Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area
Floor Description
Laminate
Cooling
None
Heating
Wall Furnace

Exterior/Building Features

Lot Size
7,841 ft² lot
Lot Details
Near Public Transit
Roof
Shingle
Sewer
Public Sewer

Other Property Details

Area Name
71 - Tustin
Association Amenities
Storm Drain(s), Street Lights, Sidewalks
Garage
Yes
Garage Spaces
4
Parking
Assigned, Garage Faces Rear
Parking Total
4.0
View
N
County
Orange
Water Source
Public
Pool
No
Pool Description
None
Total Stories
2
Buyer Agency Compensation
2.000

Property History

Date
Event
Price
Value
1/25/23
Active Under Contract
-
-

Listed by Real Estate Ebroker Inc, Kristine Kurz,
Listing Contact: 7604583514 

Based on information from California Regional Multiple Listing Service, Inc. as of 2/7/23. 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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Data last updated 10:17 PM UTC, 2/7/23

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