NOT LISTED FOR SALE

1132 Bryan Ave Tustin, CA 92780

3 Beds
2 Baths
77,223 Sq Ft
7.13 Acres

Last Sold April 28, 2017

Last sale price $27,500,000 $356 Per Sq Ft

141 Days on Market

Highlights

  • 310,365 Sq Ft lot
  • Landscaped
  • 5-minute walk to Pine Tree Park
  • Community Pool

About This Home

As of April 2017

Palm Gardens Apartment Homes is a 92-unit multifamily community located in Tustin, California. Situated on a sizeable and well-maintained 7.125-acre lot, the property consists of 23, single-story garden-style apartment buildings with attractive community amenities. The amenity package includes ample parking, a large laundry facility and leasing office, a sparkling pool and private patios.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 09/07/2016

Last Buyer's Agent

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 09/07/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 7.13 Acre Lot
  • No Common Walls
  • Landscaped
  • 500-164-02 through 500-164-23

Parking

  • 92 Open Parking Spaces
  • 92 Car Garage

Home Design

  • 77,223 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 44
  • Tax Tract Number 5390
  • Assessor Parcel Number 50016401

Community Details

Overview

  • 23 Buildings
  • 92 Units

Recreation

  • Community Pool

Building Details

  • Electric Expense $52,429
  • Insurance Expense $20,700
  • Maintenance Expense $64,400
  • Professional Management Expense $53,074
  • Trash Expense $52,429
  • Water Sewer Expense $52,429
  • New Taxes Expense $347,697
  • Operating Expense $847,190
  • Gross Income $148,895
  • Net Operating Income $910,111

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

92

Listing Details

  • Professional Management Expense: 53074.00
  • Property Attached: No
  • Water Sewer Expenses: 52429.00
  • Property Type: Residential Income
  • Parcel Number: 50016401
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 356.11

Exterior Features

  • Pool Features: Community
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 92.00
  • Total Parking Spaces: 184.00
  • Uncovered Spaces: 92.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 52429.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: Yes
  • Additional Parcels Description: 500-164-02 through 500-164-23
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 310365.00
  • Price Per Lot Square Foot: 96.64

Multi Family

  • Electric Expense: 52429.00
  • Gross Income: 148895.00
  • Gross Operating Income: 1769138.00
  • Gross Scheduled Income: 1822740.00
  • Insurance Expense: 20700.00
  • Maintenance Expense: 64400.00
  • Net Operating Income: 910111.00
  • Number Of Units Total: 92
  • Operating Expense: 859027.00
  • Rent Control: No
  • Total Expenses: 847190.00

Tax Info

  • New Taxes Expense: 347697.00
  • Tax Lot: 44
  • Tax Tract Number: 5390

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2017 04/28/17 Sold $27,500,000 -4.8% $356 / Sq Ft
01/26/2017 01/26/17 Pending -- -- --
10/31/2016 10/31/16 Price Changed $28,900,000 -3.7% $374 / Sq Ft
09/07/2016 09/07/16 For Sale $29,995,000 -- $388 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tyler Leeson

    Seller's Agent in 2017

    Tyler Leeson

    Marcus & Millichap RE Invest

    (949) 419-3200

    4 in this area

    144 Total Sales

    Tyler Leeson
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16196862

California Regional Multiple Listing Service (CRMLS)

California Orange County Tustin 92780

1132 Bryan Ave, Tustin, CA

This home is located at 1132 Bryan Ave, Tustin, CA 92780 since 07 September 2016. This property was built in 1963. 1132 Bryan Ave is a home located in Orange County with nearby schools including Barbara Benson Elementary School, C. E. Utt Middle School, and Tustin High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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