NOT LISTED FOR SALE

15941 S Myrtle Ave Tustin, CA 92780

7 Beds
4 Baths
4,249 Sq Ft
8,276 Sq Ft Lot

Last Sold January 29, 2016

Last sale price $1,125,000 $265 Per Sq Ft

107 Days on Market

About This Home

As of January 2016

The Subject property consists of all large three bedroom two bathroom unit and two bedroom one bathroom units. The building was recently extensively renovated and upgraded. Some of the upgrades include but not limited to: new custom cabinetry, granite countertops, new fixtures, new windows, new bathrooms, new garage doors, new rails, new fences, new wood floors and new asphalt. Tenants also enjoy fireplaces, garages, on-site laundry room, private patios, balconies and upgraded interiors.

Last Agent to Sell the Property

Greg Bassirpou

Marcus & Millichap RE Invest License #01365951 Listed on: 01/11/2016

Last Buyer's Agent

Barbara Kelly

Kelly Associates License #00591467

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 8,276 Sq Ft Lot
  • 1 Common Wall
  • Private Yard
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 4,249 Sq Ft Home
  • Living Room with Fireplace
  • Laundry Room

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 4441
  • Assessor Parcel Number 40212214

Community Details

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $500
  • Insurance Expense $1,400
  • Maintenance Expense $3,500
  • Other Expense $1,200
  • Trash Expense $1,000
  • Water Sewer Expense $1,500
  • New Taxes Expense $15,845
  • Gross Income $7,835
  • Net Operating Income $66,267

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.20
  • Price Per Unit: 318750
  • Property Attached: Yes
  • Water Sewer Expenses: 1500.00
  • Property Type: Residential Income
  • Parcel Number: 40212214
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 264.77

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Sewer Available
  • Laundry: Yes
  • Laundry Features: Common Area
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre, Yard
  • Lot Size Sq Ft: 8276.00
  • Price Per Lot Square Foot: 135.94
  • Lot Size Acres: 0.1900

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 500.00
  • Gross Income: 7835.00
  • Gross Multiplier: 13.56
  • Gross Scheduled Income: 94020.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 8276.0000 Square Feet
  • Maintenance Expense: 3500.00
  • Net Operating Income: 66267.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Patio: 4
  • Operating Expense: 25945.00
  • Other Expense: 1200.00
  • Other Expense Description: Landscpe
  • Rent Control: No
  • Total Actual Rent: 7535.00

Tax Info

  • New Taxes Expense: 15845.00
  • Tax Lot: 1
  • 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
01/29/2016 01/29/16 Sold $1,125,000 -15.1% $265 / Sq Ft
01/28/2016 01/28/16 Pending -- -- --
10/13/2015 10/13/15 For Sale $1,325,000 +64.6% $312 / Sq Ft
07/01/2015 07/01/15 Sold $805,000 +26.9% $189 / Sq Ft
06/16/2015 06/16/15 Pending -- -- --
05/25/2015 05/25/15 For Sale $634,400 -- $149 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Greg Bassirpou

    Seller's Agent in 2016

    Greg Bassirpou

    Marcus & Millichap RE Invest

    (949) 419-3269

    32 Total Sales

    Section Image

  • B

    Buyer's Agent in 2016

    Barbara Kelly

    Kelly Associates

    (714) 832-1577

    6 Total Sales

    Section Image

  • B

    Seller's Agent in 2015

    Bart Smith

    RVP Realty Inc.

    (714) 624-1537

    1 in this area

    14 Total Sales

    Section Image
  • Jaret Leiva

    Seller Co-Listing Agent in 2015

    Jaret Leiva

    Milestone Realty

    (714) 260-2529

    17 Total Sales

    Section Image
  • Ezra Silva

    Buyer's Agent in 2015

    Ezra Silva

    Real Broker

    (949) 697-4512

    6 in this area

    35 Total Sales

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15226302

California Regional Multiple Listing Service (CRMLS)

APN: 402-122-14

California Orange County Tustin 92780

15941 S Myrtle Ave, Tustin, CA

This home is located at 15941 S Myrtle Ave, Tustin, CA 92780 since 11 January 2016. This property was built in 1963. 15941 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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