NOT LISTED FOR SALE

1132 Bryan Ave Tustin, CA 92780

Tustin Area
3 Beds
2 Baths
77,223 Sq Ft
7.13 Acre Lot

Sale Details

Date 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

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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

7.13 Acres

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 9, 2020
Sold by
Bought by

Purchase Details

Closed on
Jan 24, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.17%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 14, 2016
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Tustin, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Chicago Title Co Com Div
$27,500,000 Chicago Title Company
$28,000,000 Ticor Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $100,000
Previous Owner $7,790,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $17,780 $1,518,077 $1,377,324 $140,753
2025 $16,987 $1,488,311 $1,350,317 $137,994
2024 $16,987 $1,459,129 $1,323,840 $135,289
2023 $16,569 $1,430,519 $1,297,882 $132,637
2022 $16,314 $1,402,470 $1,272,433 $130,037
2021 $15,990 $1,374,971 $1,247,483 $127,488
2020 $15,907 $1,360,873 $1,234,692 $126,181
2019 $15,524 $1,334,190 $1,210,483 $123,707
2018 $15,274 $1,308,030 $1,186,748 $121,282
2017 $15,540 $1,331,814 $1,202,034 $129,780
2016 $2,428 $109,874 $32,672 $77,202
2015 $2,706 $108,224 $32,181 $76,043
2014 $2,655 $106,105 $31,551 $74,554
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16196862

California Regional Multiple Listing Service (CRMLS)
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