NOT LISTED FOR SALE

15582 Pasadena Ave Tustin, CA 92780

Tustin Area
5 Beds
2 Baths
4,516 Sq Ft
7,387 Sq Ft Lot

Sale Details

Date Sold: December 19, 2014

Last sale price $875,000 $194 Per Sq Ft

16 Days on Market

Highlights

  • Laundry Room
  • Greenbelt
  • Back and Front Yard

About This Home

As of December 2014

Great investment property located in a highly rentable area in Tustin. The property has 3- 2 bedroom 1 bath units and 1-3 bedroom 1.75 ba. unit that are all fully occupied. Rental amounts include water and trash. The property exterior was recently painted and all woodwork repaired. The irrigation system was also improved and new landscaping was upgraded. Several garage doors were also repaired and replaced prior to painting. The property also had new trash bin areas repaired new gates and fences were also installed. The owner also owns the property at 15562 which is right beside this property is also for sale. The price for, 15562 and 15582, if purchased together is 1,750,000. Both properties are to be sold on an As-Is Basis.

Last Agent to Sell the Property

Rogie Arellano

Pacific Realty Consultants License #01139566 Listed on: 11/01/2014

Last Buyer's Agent

Ramzi Ataya

Engel & Völkers Newport Beach License #01265136

Engel & Völkers Newport Beach
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 7,387 Sq Ft Lot
  • 1 Common Wall
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Back and Front Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Driveway
  • Assigned Parking

Home Design

  • 4,516 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Additional Features

  • Laundry Room
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 2
  • Tax Tract Number 5060
  • Assessor Parcel Number 40236107

Community Details

Overview

  • 4 Units
  • Greenbelt

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Electric Expense $655
  • Insurance Expense $2,660
  • Trash Expense $1,623
  • Water Sewer Expense $2,820
  • New Taxes Expense $10,370
  • Gross Income $5,076
  • Net Operating Income $2,928

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

7,387 Sq Ft Lot

Parking

4

Listing Details

  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 2820.00
  • Property Type: Residential Income
  • Parcel Number: 40236107
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 193.76

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned, Driveway
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: Community, Individual Room
  • Trash Expense: 1623.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks

Lot Info

  • Lot Features: Back Yard, Front Yard, Greenbelt, Lot 10000-19999 Sqft, Sprinklers In Front, Sprinklers In Rear, Sprinklers Timer
  • Lot Size Sq Ft: 7387.00
  • Lot Size Acres: 0.1700

Multi Family

  • Average2 Bed Area: 1129
  • Electric Expense: 655.00
  • Gross Income: 5076.00
  • Gross Scheduled Income: 62000.00
  • Insurance Expense: 2660.00
  • Lot Size Area: 7387.0000 Square Feet
  • Net Operating Income: 2928.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Total: 4
  • Number With Carpet: 4
  • Number With Dishwasher: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 1289.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 10370.00
  • Tax Lot: 2
  • Tax Tract Number: 5060

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

Closed on
Jul 22, 2015
Sold by
Bought by

Purchase Details

Listed on
Nov 1, 2014
Closed on
Nov 19, 2014
Sold by
Bought by
Seller's Agent
Rogie Arellano
Pacific Realty Consultants
Buyer's Agent
Ramzi Ataya
Engel & Völkers Newport Beach
List Price
$900,000
Sold Price
$875,000
Premium/Discount to List
-$25,000
-2.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$612,500
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 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
$557,000
Interest Rate
5.19%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 26, 2004
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
$566,250
Interest Rate
4.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 7, 1997
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
-- None Available
$1,750,000 Orange Coast Title Company
$995,000 Alliance Title Company
$755,000 Chicago Title Co
$248,000 Continental Lawyers 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
Previous Owner $612,500
Previous Owner $557,000
Previous Owner $90,000
Previous Owner $566,250
Previous Owner $200,000
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
12/19/2014 12/19/14 Sold $875,000 -2.8% $194 / Sq Ft
11/17/2014 11/17/14 Pending -- -- --
11/01/2014 11/01/14 For Sale $900,000 -- $199 / 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 $13,014 $1,072,645 $895,911 $176,734
2025 $12,429 $1,051,613 $878,344 $173,269
2024 $12,429 $1,030,994 $861,122 $169,872
2023 $12,111 $1,010,779 $844,237 $166,542
2022 $11,911 $990,960 $827,683 $163,277
2021 $11,679 $971,530 $811,454 $160,076
2020 $11,617 $961,569 $803,134 $158,435
2019 $11,346 $942,715 $787,386 $155,329
2018 $11,165 $924,231 $771,947 $152,284
2017 $10,976 $906,109 $756,810 $149,299
2016 $10,785 $888,343 $741,971 $146,372
2015 $10,995 $875,000 $730,826 $144,174
2014 $10,745 $860,000 $688,370 $171,630
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14236162

California Regional Multiple Listing Service (CRMLS)

APN: 402-361-07

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