NOT LISTED FOR SALE

1052 Andrews St Tustin, CA 92780

Estimated Value: $1,005,000 - $1,153,000

4 Beds
2 Baths
1,764 Sq Ft
$619/Sq Ft Est. Value

Last Sold November 30, 2023

Last sale price $1,000,000 $567 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $6,625/month

71 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Carpet
  • 1-Story Property
  • Level Lot
  • Wall Furnace

About This Home

As of November 2023

Single story duplex with detached units and a small private yard for each home. Ideal for an owner occupied buyer to live in one and rent the other home for additional income. Upside in rents for an investor, no rent increases in the last 12 months. Each unit has a single car garage plus parking in front of the garage on the driveway. Back unit has been remodeled with a newer kitchen and bath. It also has an enclosed patio for additional living space. Newer roof and vinyl windows throughout. Separate meters for gas and electric. Great central location near shopping, Tustin Civic Center, restaurants, schools, and easy Freeway access.

Last Agent to Sell the Property

Richard Bell

Bell Realty Group License #01344469 Listed on: 08/15/2023

Last Buyer's Agent

Baabak Sharifan

Baabak Sharifan, Broker License #01814331

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 6,907 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • Density is 6-10 Units/Acre

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Duplex
  • Entry on the 1st floor
  • Composition Roof

Interior Spaces

  • 1,764 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 17 / 12
  • Tax Tract Number 361
  • Assessor Parcel Number 50017115
  • $657 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,000
  • Insurance Expense $1,100
  • Maintenance Expense $750
  • Other Expense $1,240
  • Trash Expense $400
  • Water Sewer Expense $1,000
  • New Taxes Expense $13,420
  • Operating Expense $19,110
  • Gross Income $42,000
  • Net Operating Income $21,630

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: unknown
  • View: No
  • Water Sewer Expenses: 1000.00
  • Architectural Style: Ranch
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 1000.00
  • Parcel Number: 50017115
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 566.89
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Trash Expense: 400.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Level
  • Lot Size Sq Ft: 6907.00
  • Lot Size Acres: 0.1586

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 880 Square Feet
  • Gross Income: 42000.00
  • Gross Operating Income: 40740.00
  • Gross Scheduled Income: 42000.00
  • Insurance Expense: 1100.00
  • Lot Size Area: 6907.0000 Square Feet
  • Maintenance Expense: 750.00
  • Net Operating Income: 21630.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 19110.00
  • Other Expense: 1240.00
  • Other Expense Description: Misc.
  • Rent Control: Yes
  • Total Actual Rent: 3500.00
  • Total Expenses: 19110.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 13420.00
  • Tax Block: 12
  • Tax Census Tract: 755.07
  • Tax Lot: 17
  • Tax Tract Number: 361
  • TaxOtherAnnualAssessmentAmount: 657.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2023
Closed on
Nov 17, 2023
Sold by
Springer Llc
Bought by
Sharifan Baabak
Seller's Agent
Richard Bell
Bell Realty Group
Buyer's Agent
Baabak Sharifan
Baabak Sharifan, Broker
List Price
$1,250,000
Sold Price
$1,000,000
Premium/Discount to List
-$250,000
-20%
Views
319
Current Estimated Value
$1,092,188

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,188
Avg. Annual Appreciation
4.19%
Original Mortgage
$1,000,000
Outstanding Balance
$981,317
Interest Rate
7.63%
Mortgage Type
Seller Take Back
Estimated Equity
$110,871

Purchase Details

Closed on
Jan 15, 2021
Sold by
Pennington Donna and Canterberry Denise
Bought by
Springer Llc

Purchase Details

Closed on
Jan 8, 2021
Sold by
Joe And Dolores Haegeman Trust and Haegeman Dolores
Bought by
Joe And Dolores Haegeman Trust and Pennington

Purchase Details

Closed on
Dec 29, 2020
Sold by
Hillyard Dane
Bought by
Pennington Donna and Hillyard Deidre

Purchase Details

Closed on
Mar 17, 2004
Sold by
Haegeman Dolores
Bought by
Haegeman Dolores
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sharifan Baabak $1,000,000 None Listed On Document
Springer Llc -- None Available
Joe And Dolores Haegeman Trust -- None Listed On Document
Pennington Donna -- None Available
Haegeman Dolores -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sharifan Baabak $1,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2023 11/30/23 Sold $1,000,000 -23.1% $567 / Sq Ft
10/25/2023 10/25/23 Pending -- -- --
10/09/2023 10/09/23 Price Changed $1,300,000 -1.9% $737 / Sq Ft
10/06/2023 10/06/23 Price Changed $1,325,000 +10.9% $751 / Sq Ft
09/14/2023 09/14/23 Price Changed $1,195,000 -4.4% $677 / Sq Ft
08/15/2023 08/15/23 For Sale $1,250,000 -- $709 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,376 $1,020,000 $944,676 $75,324
2024 $11,376 $1,000,000 $926,152 $73,848
2023 $1,292 $56,573 $16,542 $40,031
2022 $1,251 $55,464 $16,217 $39,247
2021 $1,232 $54,377 $15,899 $38,478
2020 $1,224 $53,820 $15,736 $38,084
2019 $1,209 $52,765 $15,427 $37,338
2018 $1,193 $51,731 $15,125 $36,606
2017 $1,177 $50,717 $14,828 $35,889
2016 $1,162 $49,723 $14,537 $35,186
2015 $1,301 $48,977 $14,319 $34,658
2014 $1,277 $48,018 $14,038 $33,980
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23151371

California Regional Multiple Listing Service (CRMLS)

APN: 500-171-15