$1,060,000
SOLD JAN 12, 2015

1162 Scherer Place Tustin, CA 92780

9 Beds
4 Baths
4,699 Sq Ft
0.28 Acres

Recently Sold

$226 Per Sq Ft

11% Below List Price

299 Days on Market

About This Home

As of April 2019

Lovely 4- unit in Tustin,Ca. Very well maintained deluxe 4plex. 3 fireplaces, 5 patios. These 4plexs are rarely available. This is a Standard Sale in a good neighborhood. Data numbers and cap rate deemed reliable but not guaranteed.

Last Agent to Sell the Property

Jonathan Rey

A Plus Realty License #01832075 Listed on: 03/01/2014

Last Buyer's Agent

Matthew Hoyt

Hoyt Real Estate, Inc. License #01426139

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 100x122
  • Two or More Common Walls

Parking

  • 4 Car Garage

Home Design

  • 4,699 Sq Ft Home
  • Property Attached
  • Shingle Roof

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Bathrooms

Location

  • Suburban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 29
  • Tax Tract Number 5028
  • Assessor Parcel Number 43213111

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $360
  • Gardener Expense $1,800
  • Insurance Expense $1,659
  • Trash Expense $720
  • Water Sewer Expense $2,100
  • New Taxes Expense $11,712
  • Gross Income $6,680
  • Net Operating Income $61,593

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.45
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 2100.00
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 43213111
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 225.58

Exterior Features

  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 720.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Size: 100x122
  • Lot Size Sq Ft: 12256.00
  • Lot Size Acres: 0.2810

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 360.00
  • Gross Income: 6680.00
  • Gross Multiplier: 14.79
  • Gross Scheduled Income: 80160.00
  • Insurance Expense: 1659.00
  • Lot Size Area: 12256.0000 Square Feet
  • Net Operating Income: 61593.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 18567.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 11712.00
  • Tax Area: 13082
  • Tax Lot: 29
  • Tax Tract Number: 5028

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: PW14058592

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 and is currently priced at $1,060,000, approximately $225 per square foot. 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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