M
Seller's Agent in 2015
Michael Arp
Investment Capital Real Estate
135 Pasadena Ave Tustin, CA 92780
Estimated Value: $1,211,000 - $1,294,000
4
Beds
2
Baths
1,725
Sq Ft
$725/Sq Ft
Est. Value
Highlights
- No HOA
- ENERGY STAR Qualified Windows
- 1-Story Property
- Central Heating
About This Home
As of March 2015HUGE PRICE REDUCTION! SELLER MOTIVATED! BRING ALL OFFERS! Charming duplex in Old Town Tustin. The Pasadena apartments are located at the end of the cul-de-sac on a street filled with craftsman style single family homes. They present an excellent opportunity for a first time investor or home buyer. The duplex is also appealing to any seasoned investor looking to pick up a rarely available multi-unit in Old Town Tustin. The building consists of two single story (2+1) apartments. Unit amenities include attached garage parking, updated windows, laundry hookups, and yard areas for each apartment. The apartments are separately metered for gas and electric and have a pitched composition shingle roof. The building is occupied by long term tenants who have maintained it like it was their own. There is significant rental upside as the current rents are well under market levels for the area. GSI, Cap rate and GRM based on proforma rents.
Last Agent to Sell the Property
Michael Arp
Investment Capital Real Estate License #01488586 Listed on: 09/19/2014
Last Buyer's Agent
Michael Arp
Investment Capital Real Estate License #01488586 Listed on: 09/19/2014
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,444
Year Built
- Built in 1950
Lot Details
- 6,421 Sq Ft Lot
- 1 Common Wall
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
Home Design
- Property Attached
Interior Spaces
- 1,725 Sq Ft Home
- 1-Story Property
- ENERGY STAR Qualified Windows
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Additional Features
- Exterior Lighting
- Central Heating
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 58
- Tax Tract Number 154
- Assessor Parcel Number 40154115
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Gross Income $3,200
- Net Operating Income $28,023
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 19, 2014
Closed on
Jan 27, 2015
Sold by
D & J O Toole First Family Limited Partn
Bought by
Vilchez Cuauhtemoc M and Vilchez Araceli Ochoa
Seller's Agent
Michael Arp
Investment Capital Real Estate
Buyer's Agent
Michael Arp
Investment Capital Real Estate
List Price
$675,000
Sold Price
$615,000
Premium/Discount to List
-$60,000
-8.89%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$631,111
Avg. Annual Appreciation
7.05%
Original Mortgage
$522,750
Outstanding Balance
$404,015
Interest Rate
3.61%
Mortgage Type
New Conventional
Estimated Equity
$847,010
Purchase Details
Closed on
Dec 29, 1998
Sold by
Otoole Dennis A and Otoole Jeannine L
Bought by
D & J Otoole First Family Ltd Prtnrshp
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Vilchez Cuauhtemoc M | $615,000 | First American Title Company | |
| D & J Otoole First Family Ltd Prtnrshp | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Vilchez Cuauhtemoc M | $522,750 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/14/2015 03/14/15 | Sold | $615,000 | -8.9% | $357 / Sq Ft |
| 02/20/2015 02/20/15 | Pending | -- | -- | -- |
| 09/19/2014 09/19/14 | For Sale | $675,000 | -- | $391 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| 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 | $8,444 | $739,132 | $662,713 | $76,419 |
| 2024 | $8,444 | $724,640 | $649,719 | $74,921 |
| 2023 | $8,236 | $710,432 | $636,980 | $73,452 |
| 2022 | $8,110 | $696,502 | $624,490 | $72,012 |
| 2021 | $7,949 | $682,846 | $612,246 | $70,600 |
| 2020 | $7,908 | $675,845 | $605,968 | $69,877 |
| 2019 | $7,717 | $662,594 | $594,087 | $68,507 |
| 2018 | $7,593 | $649,602 | $582,438 | $67,164 |
| 2017 | $7,462 | $636,865 | $571,017 | $65,848 |
| 2016 | $7,330 | $624,378 | $559,821 | $64,557 |
| 2015 | $2,791 | $186,876 | $107,972 | $78,904 |
| 2014 | $2,728 | $183,216 | $105,857 | $77,359 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NP14202181
APN: 401-541-15
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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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