NOT LISTED FOR SALE

130 Pacific St Tustin, CA 92780

Tustin Area
9 Beds
9 Baths
4,662 Sq Ft
0.29 Acre Lot

Sale Details

Date Sold: April 8, 2019

Last sale price $1,820,000 $390 Per Sq Ft

12 Days on Market

Highlights

  • Lawn
  • Double Door Entry
  • Landscaped
  • No HOA
  • Double Pane Windows
  • Masonry wall

About This Home

As of April 2019

Rare opportunity to own one of the very nicest custom, pride of ownership 4-plexes in Old Town Tustin. Located on a very quaint street with mostly charming single-family homes. This property has approx. 4,662 Sq. Ft. of living space and is located on an exceptionally large 12,447 Sq. Ft. lot (50' x 249') with abundant off-street parking for 10 - 12 cars. Property is self contained with block walls on 3 sides and no alley access in the rear making it very easy to have control over the property and tenant's living environment. Significant recent improvements to the property have created beautiful curb appeal. Great large owner's unit consists of a 2 story townhouse style unit with 3br - 2.5ba with central Air Conditioning and Heat, very large yard, living room/fireplace, family room and a 2 car garage with direct access and washer/dryer hook-ups in the garage. Bldg. was re-plumbed approx. 7-10 years ago. The other 3 units are all very large 2br-2ba units each with a single car garage and additional parking space. Downstairs units have large yard/patios. Upstairs unit has a balcony. Great curb appeal! All unit have either Granite or Quartz kitchen counters and are in excellent condition. The yearly gross scheduled income is excellent at $109,005 and still room to raise rent. This property has it all. So hard to find. Front owner's unit may be shown. See showing instructions. Do not talk to Tenants! Excel. Investment Opportunity. Great for owner Occupant!!!! Hurry on this one!

Last Agent to Sell the Property

Bob Walz

New Dimension Investment Prop License #00640512 Listed on: 02/24/2019

Last Buyer's Agent

Gay-Lynn Barnes

eXp Realty of California Inc. License #01433767

eXp Realty of California Inc.
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 12,447 Sq Ft Lot
  • Lot Dimensions are 50 x 249
  • Two or More Common Walls
  • Masonry wall
  • Vinyl Fence
  • Fence is in excellent condition
  • Landscaped
  • Level Lot
  • Sprinklers on Timer
  • Lawn
  • Back Yard

Parking

  • 5 Open Parking Spaces
  • 5 Car Garage

Home Design

  • Property Attached
  • Asphalt Roof

Interior Spaces

  • 4,662 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Double Door Entry
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Bathrooms

Laundry

  • Laundry in Garage
  • Leased Washer and Dryer

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 19
  • Tax Tract Number 334
  • Assessor Parcel Number 40155108

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $666
  • Fuel Expense $1,526
  • Gardener Expense $1,800
  • Insurance Expense $1,800
  • Maintenance Expense $5,439
  • Trash Expense $1,327
  • Water Sewer Expense $1,245
  • New Taxes Expense $21,064
  • Operating Expense $34,892
  • Gross Income $109,005
  • Net Operating Income $71,937

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0.29 Acres

Parking

5

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Sewer Expenses: 1245.00
  • Zoning: R-3
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 40155108
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Door Features: Double Door Entry
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 390.39
  • Window Features: Double Pane Windows

Exterior Features

  • Fence: Yes
  • Fencing: Excellent Condition, Masonry, Vinyl
  • Pool Private: No
  • Roof: Asphalt

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1327.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Landscaped, Lawn, Level with Street, Lot 10000-19999 Sqft, Level, Sprinkler System, Sprinklers Timer
  • Lot Size: 50 x 249
  • Lot Size Sq Ft: 12447.00
  • Lot Size Acres: 0.2857

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 666.00
  • Fuel Expense: 1526.00
  • Gross Income: 109005.00
  • Gross Scheduled Income: 109005.00
  • Insurance Expense: 1800.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 225.00
  • Lot Size Area: 12447.0000 Square Feet
  • Maintenance Expense: 5439.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 71937.00
  • 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 Dishwasher: 4
  • Number With Disposal: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 2
  • Operating Expense: 34892.00
  • Rent Control: No
  • Total Actual Rent: 109005.00
  • Total Expenses: 34892.00

Tax Info

  • New Taxes Expense: 21064.00
  • Tax Census Tract: 755.05
  • Tax Lot: 19
  • Tax Tract Number: 334

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

Listed on
Feb 24, 2019
Closed on
Mar 12, 2019
Sold by
Bought by
Seller's Agent
Bob Walz
New Dimension Investment Prop
Buyer's Agent
Gay-Lynn Barnes
eXp Realty of California Inc.
List Price
$1,849,000
Sold Price
$1,820,000
Premium/Discount to List
-$29,000
-1.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Outstanding Balance
$365,883
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 14, 2012
Closed on
Jan 22, 2013
Sold by
Bought by
Seller's Agent
Bob Walz
New Dimension Investment Prop
Buyer's Agent
Louis Mannone
Realty One Group West
List Price
$1,099,000
Sold Price
$1,090,000
Premium/Discount to List
-$9,000
-0.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.80%
Original Mortgage
$680,000
Interest Rate
3.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 22, 2011
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
$581,250
Interest Rate
4.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 11, 2005
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
$250,000
Interest Rate
5.66%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 5, 2002
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
$400,000
Interest Rate
6.38%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 30, 1998
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$1,820,000 Fidelity National Title
$1,090,000 Lawyers Title
$855,000 First American Title Company
-- Fidelity National Title
$555,000 First American Title Co
-- --
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
Open $425,000
Previous Owner $680,000
Previous Owner $672,000
Previous Owner $581,250
Previous Owner $570,000
Previous Owner $600,000
Previous Owner $250,000
Previous Owner $390,000
Previous Owner $400,000
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 Prior Sale
04/08/2019 04/08/19 Sold $1,820,000 -1.6% $390 / Sq Ft
02/24/2019 02/24/19 For Sale $1,849,000 +69.6% $397 / Sq Ft
03/11/2013 03/11/13 Sold $1,090,000 -0.8% $238 / Sq Ft View Prior Sale
01/05/2013 01/05/13 Pending -- -- --
12/14/2012 12/14/12 For Sale $1,099,000 -- $239 / 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 $23,696 $2,070,846 $1,741,640 $329,206
2025 $22,644 $2,030,242 $1,707,491 $322,751
2024 $22,644 $1,990,434 $1,674,011 $316,423
2023 $22,101 $1,951,406 $1,641,187 $310,219
2022 $21,778 $1,913,144 $1,609,007 $304,137
2021 $21,341 $1,875,632 $1,577,458 $298,174
2020 $21,232 $1,856,400 $1,561,283 $295,117
2019 $14,126 $1,203,256 $913,925 $289,331
2018 $13,900 $1,179,663 $896,005 $283,658
2017 $13,661 $1,156,533 $878,436 $278,097
2016 $13,421 $1,133,856 $861,211 $272,645
2015 $13,609 $1,116,825 $848,275 $268,550
2014 $13,266 $1,094,948 $831,658 $263,290
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC19041705

California Regional Multiple Listing Service (CRMLS)
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