NOT LISTED FOR SALE
5 Beds
4 Baths
2,318 Sq Ft
6,534 Sq Ft Lot

Sale Details

Date Sold: January 9, 2025

Last sale price $1,332,000 $575 Per Sq Ft

35 Days on Market

Highlights

  • Central Heating and Cooling System
  • Red Hill Elementary School Rated A-
  • 1-Story Property

About This Home

As of January 2025

Discover potential in this charming duplex at 12532-12534 Cay Street, Tustin. Nestled in a prime location near major freeways, shopping centers, and restaurants, this property offers easy access to everything you need. Each unit has tenants on a month-to-month lease, allowing flexibility for future owners. Though a cosmetic fixer, the duplex provides a unique opportunity to update and add value. With some personal touches and enhancements, you can maximize its rental potential or transform it into a beautiful home for yourself. The spacious lot and versatile layout make it an ideal investment, whether you're a first-time buyer or seasoned investor. Don’t miss out on this rare find in an accessible and desirable Tustin neighborhood! Front of building has tile roof; The rear has composition. Two skylights in rear unit. Each unit has a gas fireplace, gas stove/oven & private backyard. Additional photos to follow.

Last Agent to Sell the Property

Kevin Kott

Kott & Company, Inc. Brokerage Email: kevin@pkrealtors.com License #02089647 Listed on: 11/05/2024

Co-Listed By

Paul Kott

Kott & Company, Inc. Brokerage Email: kevin@pkrealtors.com License #00637576

Last Buyer's Agent

Kimberly Harvey

Seven Gables Real Estate License #01255859

Seven Gables Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 6,534 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 2,318 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Laundry in Garage

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 7580
  • Assessor Parcel Number 50101123
  • $696 per year additional tax assessments

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,500
  • Trash Expense $100
  • Water Sewer Expense $50
  • Operating Expense $3,650
  • Gross Income $45,600
  • Net Operating Income $27,360

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

6,534 Sq Ft Lot

Parking

3

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 50.00
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 50101123
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 574.63

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 100.00
  • Water Source: Public
  • Cooling: Central Air
  • 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: 6534.00
  • Lot Size Acres: 0.1500

Multi Family

  • Gross Income: 45600.00
  • Gross Scheduled Income: 45600.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 27360.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 18240.00
  • Rent Control: No
  • Total Expenses: 3650.00

Tax Info

  • Tax Census Tract: 756.03
  • Tax Lot: 12
  • Tax Tract Number: 7580
  • TaxOtherAnnualAssessmentAmount: 696.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
01/09/2025 01/09/25 Sold $1,332,000 -4.5% $575 / Sq Ft
12/10/2024 12/10/24 Pending -- -- --
11/05/2024 11/05/24 For Sale $1,395,000 -- $602 / 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
2025 $2,531 $172,100 $43,294 $128,806
2024 $2,531 $168,726 $42,445 $126,281
2023 $2,453 $165,418 $41,613 $123,805
2022 $2,398 $162,175 $40,797 $121,378
2021 $2,355 $158,996 $39,997 $118,999
2020 $2,342 $157,366 $39,587 $117,779
2019 $2,297 $154,281 $38,811 $115,470
2018 $2,264 $151,256 $38,050 $113,206
2017 $2,228 $148,291 $37,304 $110,987
2016 $2,194 $145,384 $36,573 $108,811
2015 $2,324 $143,201 $36,024 $107,177
2014 $2,273 $140,396 $35,318 $105,078
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24228337

California Regional Multiple Listing Service (CRMLS)
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