$1,230,000
SOLD MAR 19, 2020

15912 S Myrtle Ave Tustin, CA 92780

7 Beds
5 Baths
4,249 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$289 Per Sq Ft

7% Below List Price

1 Day on Market

Highlights

  • Private Yard
  • Laundry Room
  • Landscaped

About This Home

As of March 2020

15912 South Myrtle Avenue is a 4-unit multifamily investment property located in Tustin, California. The 4,249 square foot property offers spacious two- and three-bedroom units, and amenities including garage, open parking, private patios, and private balconies. The property benefits from its proximity to State Route 55, Interstate 5, and Newport Boulevard a major retail thoroughfare. Additionally, 15912 South Myrtle Avenue is just one mile from the 1,600-acre Tustin Legacy development.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 02/05/2020

Last Buyer's Agent

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 02/05/2020

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1963

Lot Details

  • 7,405 Sq Ft Lot
  • No Common Walls
  • Landscaped
  • Private Yard

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage

Interior Spaces

  • 4,249 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 4441
  • Assessor Parcel Number 40212309

Community Details

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,752
  • Maintenance Expense $2,400
  • Other Expense $9,434
  • New Taxes Expense $15,426
  • Operating Expense $29,012
  • Gross Income $89,272
  • Net Operating Income $57,636

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Year Built

Built in 1963

Lot Details

0

Parking

4

Listing Details

  • Property Attached: No
  • Zoning: R4
  • Property Type: Residential Income
  • Parcel Number: 40212309
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 289.48

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped, Yard
  • Lot Size Sq Ft: 7405.20
  • Lot Size Acres: 0.1700

Multi Family

  • Gross Income: 89272.00
  • Gross Scheduled Income: 87480.00
  • Insurance Expense: 1752.00
  • Lot Size Area: 0.1700 Acres
  • Maintenance Expense: 2400.00
  • Net Operating Income: 57636.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 29012.00
  • Other Expense: 9434.00
  • Other Expense Description: Misc/Utl
  • Rent Control: Yes
  • Total Expenses: 29012.00
  • Vacancy Allowance: 2624

Tax Info

  • New Taxes Expense: 15426.00
  • Tax Census Tract: 755.15
  • Tax Lot: 20
  • 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
02/20/2024 02/20/24 Rented $2,400 0.0% --
02/13/2024 02/13/24 Under Contract -- -- --
01/22/2024 01/22/24 For Rent $2,400 0.0% --
03/19/2020 03/19/20 Sold $1,230,000 -7.2% $289 / Sq Ft
02/06/2020 02/06/20 Pending -- -- --
02/05/2020 02/05/20 For Sale $1,325,000 +40.3% $312 / Sq Ft
05/17/2013 05/17/13 Sold $944,100 +8.6% $222 / Sq Ft
04/04/2013 04/04/13 Pending -- -- --
03/20/2013 03/20/13 For Sale $869,000 -- $205 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2024

    Celeste Barnes

    Barnes Realty Group

    (949) 584-2228

    3 Total Sales

    Celeste Barnes
    Section Image
  • Tyler Leeson

    Seller's Agent in 2020

    Tyler Leeson

    Marcus & Millichap RE Invest

    (949) 419-3200

    4 in this area

    143 Total Sales

    Tyler Leeson
    Section Image
  • Gregg Horvath

    Seller's Agent in 2013

    Gregg Horvath

    R.L.M. Equities

    (714) 290-0298

    1 in this area

    21 Total Sales

    Gregg Horvath
    Section Image

  • M

    Buyer's Agent in 2013

    Michael Presicci

    American Capital RealtyPartner

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC20026641

California Regional Multiple Listing Service (CRMLS)

APN: 402-123-09

California Orange County Tustin 92780

15912 S Myrtle Ave, Tustin, CA

This home is located at 15912 S Myrtle Ave, Tustin, CA 92780 and is currently priced at $1,230,000, approximately $289 per square foot. This property was built in 1963. 15912 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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