NOT LISTED FOR SALE

15531 Pasadena Ave Tustin, CA 92780

9 Beds
5 Baths
4,243 Sq Ft
8,276 Sq Ft Lot Lot

Sale Details

Date Sold: October 31, 2017

Last sale price $1,200,000 $283 Per Sq Ft

2 Days on Market

About This Home

As of October 2017

Well priced excellent 4 unit building in Tustin with good unit mix (including one 3bd 2ba, 3- 2bd 1ba units). In good condition but could be improved further and income improved if you wished. Large units, strong tenant base and centrally located. Enclosed garages, nice bright corner location. Seller has priced to sell and this will not last.

Last Agent to Sell the Property

David Sanford

David Sanford, Broker License #00826382 Listed on: 09/15/2017

Last Buyer's Agent

Barbara Kelly

Kelly Associates License #00591467

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 8,276 Sq Ft Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 4,243 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 13
  • Tax Tract Number 5008
  • Assessor Parcel Number 40236206

Community Details

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $720
  • Fuel Expense $600
  • Gardener Expense $840
  • Insurance Expense $1,500
  • Pest Control $540
  • Professional Management Expense $2,400
  • Trash Expense $1,800
  • Water Sewer Expense $1,740
  • New Taxes Expense $14,400
  • Operating Expense $24,540
  • Gross Income $70,500
  • Net Operating Income $47,160

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

8,276 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 2400.00
  • Property Attached: Yes
  • Subdivision Name Other: mcfadden area
  • Water Sewer Expenses: 1740.00
  • Property Type: Residential Income
  • Gardener Expense: 840.00
  • Parcel Number: 40236206
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 282.82

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 540.00
  • Sewer: Public Sewer
  • Trash Expense: 1800.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Lot 6500-9999
  • Lot Size Sq Ft: 8276.00

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 720.00
  • Fuel Expense: 600.00
  • Gross Income: 70500.00
  • Gross Scheduled Income: 70500.00
  • Insurance Expense: 1500.00
  • Net Operating Income: 47160.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 24540.00
  • Rent Control: No
  • Total Actual Rent: 5875.00
  • Total Expenses: 24540.00

Tax Info

  • New Taxes Expense: 14400.00
  • Tax Census Tract: 755.14
  • Tax Lot: 13
  • Tax Tract Number: 5008
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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 List to Sale Price per Sq Ft
10/31/2017 10/31/17 Sold $1,200,000 +0.4% $283 / Sq Ft
09/17/2017 09/17/17 Pending -- -- --
09/15/2017 09/15/17 For Sale $1,195,000 -- $282 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $15,704 $1,365,393 $1,215,089 $150,304
2024 $15,704 $1,338,621 $1,191,264 $147,357
2023 $15,314 $1,312,374 $1,167,906 $144,468
2022 $15,075 $1,286,642 $1,145,006 $141,636
2021 $14,777 $1,261,414 $1,122,555 $138,859
2020 $14,700 $1,248,480 $1,111,044 $137,436
2019 $14,348 $1,224,000 $1,089,258 $134,742
2018 $14,117 $1,200,000 $1,067,900 $132,100
2017 $12,989 $1,093,889 $922,446 $171,443
2016 $10,809 $890,559 $722,838 $167,721
2015 $11,018 $877,182 $711,980 $165,202
2014 $10,745 $860,000 $698,034 $161,966
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP17213691

California Regional Multiple Listing Service (CRMLS)

APN: 402-362-06

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