$1,299,000
PENDING $400K PRICE DROP

Estimated payment $7,495/month

Total Views 18,355
5 Beds
4 Baths
5,000 Sq Ft
$260 Price per Sq Ft

Highlights

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • 1-Story Property
  • Laundry Room
  • South Facing Home

About This Home

Prime Opportunity! 3 Studios; 3 Business' & 1 House. A prime opportunity boasting three zoned offices upfront, each 500 sq. ft. with its own bathroom. The property also features a charming 1,500 sq. ft. house with 2 bedrooms, 1 bathroom, kitchen, and laundry room. Additionally, three studios, each 500 sq. ft. with a full kitchen, bathroom, and dedicated parking, provide further rental opportunities. This versatile property combines residential and commercial potential in a highly sought-after location. The upcoming trolley car will pass right by, enhancing accessibility and appeal.

Listing Agent

Daniel Deforest

First Team Real Estate North Tustin Brokerage Phone: 714-362-7192 License #02003121 Listed on: 08/09/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,598

Year Built

  • Built in 1920

Lot Details

  • 6,098 Sq Ft Lot
  • No Common Walls
  • South Facing Home
  • Density is up to 1 Unit/Acre

Home Design

  • Split Level Home

Interior Spaces

  • 5,000 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 12 Parking Spaces
  • 6 Carport Spaces
  • Parking Available
  • Combination Of Materials Used In The Driveway

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System

Listing and Financial Details

  • Legal Lot and Block 2 / C
  • Tax Tract Number 720
  • Assessor Parcel Number 00809308
  • $769 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • 3 Buildings
  • 7 Units

Building Details

  • 7 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Electric Expense $400
  • Insurance Expense $100
  • Professional Management Expense $100
  • Trash Expense $50
  • Water Sewer Expense $150
  • Operating Expense $800
  • Gross Income $4,500
  • Net Operating Income $4,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,598

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 185571
  • Professional Management Expense: 100.00
  • Property Attached: No
  • View: No
  • Water Sewer Expenses: 150.00
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 00809308
  • Year Built: 1920
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Appliances: No
  • Entry Level: 1
  • Levels: One, Multi/Split
  • Price Per Square Foot: 259.80
  • Room Type: All Bedrooms Down

Exterior Features

  • Direction Faces: South
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 6.00
  • Parking: Yes
  • Parking Features: Driveway - Combination
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 6.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 50.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6098.00
  • Lot Size Acres: 0.1400

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average Studio Area: 500 Square Feet
  • Electric Expense: 400.00
  • Gross Income: 4500.00
  • Gross Scheduled Income: 5000.00
  • Insurance Expense: 100.00
  • Lot Size Area: 6098.0000 Square Feet
  • Net Operating Income: 4200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Operating Expense: 800.00
  • Rent Control: No
  • Total Actual Rent: 6100.00
  • Total Expenses: 800.00

Tax Info

  • Tax Block: C
  • Tax Census Tract: 749.01
  • Tax Lot: 2
  • Tax Tract Number: 720
  • TaxOtherAnnualAssessmentAmount: 769.00

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2024 $3,598 $251,794 $161,799 $89,995
2023 $3,504 $246,857 $158,626 $88,231
2022 $3,457 $242,017 $155,516 $86,501
2021 $3,382 $237,272 $152,467 $84,805
2020 $3,382 $234,840 $150,904 $83,936
2019 $3,326 $230,236 $147,945 $82,291
2018 $3,213 $225,722 $145,044 $80,678
2017 $3,184 $221,297 $142,200 $79,097
2016 $3,126 $216,958 $139,411 $77,547
2015 $3,085 $213,700 $137,317 $76,383
2014 $3,032 $209,514 $134,627 $74,887
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 Pending -- -- --
05/01/2025 05/01/25 Price Changed $1,299,000 -7.1% $260 / Sq Ft
02/28/2025 02/28/25 For Sale $1,399,000 0.0% $280 / Sq Ft
02/21/2025 02/21/25 Pending -- -- --
01/29/2025 01/29/25 For Sale $1,399,000 -- $280 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Ticor Title
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- Fidelity National Title Co
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- California Counties Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $200,000 Commercial
Closed $16,000 Commercial
Closed $80,000 Commercial
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24163693

California Regional Multiple Listing Service (CRMLS)

APN: 008-093-08