NOT LISTED FOR SALE

1162 Scherer Place Tustin, CA 92780

5 Beds
4 Baths
4,699 Sq Ft
0.28 Acres

Last Sold April 26, 2019

Last sale price $1,337,500 $285 Per Sq Ft

144 Days on Market

About This Home

As of April 2019

Lovely four unit in Tustin. Well maintained very large 4-plex on an oversized lot. 3 fireplaces, 5 patios. These models are rarely available. This is a Standard Sale in a good neighborhood. Great schools. Data numbers and cap rate deemed reliable but not guaranteed.

Last Agent to Sell the Property

Matthew Hoyt

Hoyt Real Estate, Inc. License #01426139 Listed on: 11/09/2018

Last Buyer's Agent

Catalina Giglio

Catalina Giglio, Broker License #01429582

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.28 Acre Lot
  • No Common Walls

Parking

  • 6 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Composition Roof

Interior Spaces

  • 4,699 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Additional Features

  • Urban Location
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, gas
  • Tax Lot 1
  • Tax Tract Number 1
  • Assessor Parcel Number 43213111

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Insurance Expense $1,645
  • Trash Expense $936
  • Water Sewer Expense $2,400
  • New Taxes Expense $14,857
  • Operating Expense $21,979
  • Gross Income $62,501
  • Net Operating Income $60,701

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Property Attached: No
  • Water Sewer Expenses: 2400.00
  • Property Type: Residential Income
  • Parcel Number: 43213111
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 284.64

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Sewer Paid
  • Trash Expense: 936.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 12197.00
  • Lot Size Acres: 0.2800

Rental Info

  • Tenant Pays: Cable TV, Gas

Multi Family

  • Electric Expense: 360.00
  • Gross Income: 62501.00
  • Gross Scheduled Income: 82680.00
  • Insurance Expense: 1645.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1800.00
  • Lot Size Area: 12197.0000 Square Feet
  • Net Operating Income: 60701.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Patio: 5
  • Number With Range: 4
  • Operating Expense: 21979.00
  • Rent Control: No
  • Total Actual Rent: 6740.00
  • Total Expenses: 21979.00

Tax Info

  • New Taxes Expense: 14857.00
  • Tax Census Tract: 755.15
  • Tax Lot: 1
  • Tax Tract Number: 1

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
04/26/2019 04/26/19 Sold $1,337,500 -4.4% $285 / Sq Ft
04/02/2019 04/02/19 Pending -- -- --
11/18/2018 11/18/18 Price Changed $1,399,000 -1.1% $298 / Sq Ft
11/09/2018 11/09/18 For Sale $1,415,000 +33.5% $301 / Sq Ft
01/12/2015 01/12/15 Sold $1,060,000 -10.5% $226 / Sq Ft
12/25/2014 12/25/14 Pending -- -- --
03/01/2014 03/01/14 For Sale $1,185,000 -- $252 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Matthew Hoyt

    Seller's Agent in 2019

    Matthew Hoyt

    Hoyt Real Estate, Inc.

    (949) 283-1696

    1 in this area

    39 Total Sales

    Matthew Hoyt
    Section Image

  • C

    Buyer's Agent in 2019

    Catalina Giglio

    Catalina Giglio, Broker

  • J

    Seller's Agent in 2015

    Jonathan Rey

    A Plus Realty

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18270565

California Regional Multiple Listing Service (CRMLS)

APN: 432-131-11

California Orange County Tustin 92780

1162 Scherer Place, Tustin, CA

This home is located at 1162 Scherer Place, Tustin, CA 92780 since 09 November 2018. This property was built in 1964. 1162 Scherer Place is a home located in Orange County with nearby schools including Sycamore Magnet Academy, Tustin High School, and St. Cecilia Elementary 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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