NOT LISTED FOR SALE

15911 S Myrtle Ave Tustin, CA 92780

9 Beds
5 Baths
4,250 Sq Ft
7,841 Sq Ft Lot

Last Sold January 08, 2019

Last sale price $1,280,000 $301 Per Sq Ft

10 Days on Market

Highlights

  • Lawn
  • Laundry Room
  • Forced Air Heating System
  • No HOA

About This Home

As of January 2019

Covington Style 4-Plex Located in the heart of Tustin. Building floor plan consist of One – Single story 3 Bedroom 2 bath owner’s unit and Three – 2 Bedroom units. Each unit is separately metered for gas and electric and have an enclosed garage. 3 Bedroom has been completely remolded and the 2 bedrooms have long term tenants and have had some upgrades done. Perfect for either owner occupied or for investment. Close to freeways, shops. You won't find a better opportunity than this one with a upside in rents

Last Agent to Sell the Property

Eric Reichert

OCProperties License #00967215 Listed on: 12/07/2018

Last Buyer's Agent

Eric Reichert

OCProperties License #00967215 Listed on: 12/07/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 7,841 Sq Ft Lot
  • Two or More Common Walls
  • Lawn
  • Front Yard

Parking

  • 4 Car Garage
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Property Attached

Interior Spaces

  • 4,250 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 3 / 3
  • Tax Tract Number 4441
  • Assessor Parcel Number 40212212

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $448
  • Fuel Expense $1,807
  • Gardener Expense $795
  • Insurance Expense $1,731
  • Maintenance Expense $3,846
  • Pest Control $1,178
  • Trash Expense $1,935
  • Water Sewer Expense $3,672
  • New Taxes Expense $13,647
  • Operating Expense $29,060
  • Gross Income $6,945
  • Net Operating Income $54,280

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

4

Listing Details

  • CapRate: 4.26
  • Property Attached: Yes
  • Road Surface Type: Alley Paved
  • Water Sewer Expenses: 3672.00
  • Property Type: Residential Income
  • Gardener Expense: 795.00
  • Parcel Number: 40212212
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 301.18

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Community
  • Pest Control Expense: 1178.00
  • Sewer: Public Sewer
  • Trash Expense: 1935.00
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn
  • Lot Size Sq Ft: 7841.00
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 448.00
  • Fuel Expense: 1807.00
  • Gross Income: 6945.00
  • Gross Multiplier: 15.30
  • Gross Operating Income: 83340.00
  • Gross Scheduled Income: 83340.00
  • Gross Spendable Income: 54280.00
  • Insurance Expense: 1731.00
  • Lot Size Area: 7841.0000 Square Feet
  • Maintenance Expense: 3846.00
  • Maintenance Percent: 4.60
  • Net Operating Income: 54280.00
  • 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 Range: 4
  • Operating Expense: 29060.00
  • Operating Expense Percent: 35.00
  • Rent Control: No
  • Total Actual Rent: 6945.00
  • Total Expenses: 29060.00

Tax Info

  • New Taxes Expense: 13647.00
  • Tax Block: 3
  • Tax Census Tract: 755.15
  • Tax Lot: 3
  • Tax Tract Number: 4441

Range of Values:

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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 Change Sq Ft Price
01/08/2019 01/08/19 Sold $1,280,000 +0.4% $301 / Sq Ft
12/07/2018 12/07/18 For Sale $1,275,000 +54.5% $300 / Sq Ft
01/06/2014 01/06/14 Sold $825,000 -7.8% $194 / Sq Ft
11/25/2013 11/25/13 Pending -- -- --
08/31/2013 08/31/13 For Sale $895,000 -- $211 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2019

    Eric Reichert

    OCProperties

    (714) 840-1700

    27 Total Sales

    Section Image

  • C

    Buyer Co-Listing Agent in 2019

    Celeste Barnes

    Barnes Realty Group

    (949) 584-2228

    2 Total Sales

    Section Image
  • Michael Arp

    Seller's Agent in 2014

    Michael Arp

    Morgan Skenderian

    (714) 262-8992

    43 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18287309

California Regional Multiple Listing Service (CRMLS)

APN: 402-122-12

California Orange County Tustin 92780

15911 S Myrtle Ave, Tustin, CA

This home is located at 15911 S Myrtle Ave, Tustin, CA 92780 since 07 December 2018. This property was built in 1963. 15911 S Myrtle Ave is a home located in Orange County with nearby schools including Sycamore Magnet Academy, Tustin High School, and St. Cecilia Elementary School.

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California Regional Multiple Listing Service (CRMLS) 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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