Seller's Agent in 2019
Greg Bassirpou
Marcus & Millichap RE Invest
(949) 419-3269
31 Total Sales
15981 S Myrtle Ave Tustin, CA 92780
9
Beds
7
Baths
17,678
Sq Ft
0.73
Acres
Highlights
- 0.73 Acre Lot
- Laundry Room
- 12 Car Garage
- Property is near public transit
- Landscaped
About This Home
As of August 2019The Myrtle Avenue Apartment Homes is a Pride of Ownership, 16 unit multi-family investment property located in the strong rental market of Tustin, California within the Greater Orange County area. The property has a desirable unit mix consisting of (9) two bedroom/ one bathroom units, (1) two bedroom/ one and one half bathrooms units, (2) two bedroom/ two bathroom, and (4) three bedroom/ two bathroom units totaling 17,678 square feet situated on a 31,941 square foot lot. Built in 1964, the property offers amenities including on-site laundry facilities, private patios, balconies, and enclosed garages. The property has recently gone through extensive interior and exterior renovations.
This offering represents a rare opportunity for an investor to acquire a Pride of Ownership, stable investment in the desirable rental market of Tustin. The location offers high visibility in an area known for its strong tenancy, good rent growth, and a historically high occupancy rate.
Last Agent to Sell the Property
Marcus & Millichap RE Invest License #01365951 Listed on: 03/27/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 0.73 Acre Lot
- No Common Walls
- Landscaped
Parking
- 12 Car Garage
- 4 Open Parking Spaces
- Driveway
- On-Street Parking
Interior Spaces
- 17,678 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 9 Bedrooms
- 7 Bathrooms
Additional Features
- Exterior Lighting
- Property is near public transit
Listing and Financial Details
- Tax Lot 7
- Tax Tract Number 5468
- Assessor Parcel Number 40213306
Community Details
Overview
- 4 Buildings
- 16 Units
Amenities
- Laundry Facilities
Building Details
- 16 Separate Electric Meters
- 16 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $5,000
- Fuel Expense $5,000
- Gardener Expense $2,400
- Insurance Expense $5,948
- Trash Expense $5,000
- Water Sewer Expense $5,000
- New Taxes Expense $60,000
- Operating Expense $106,848
- Gross Income $360,720
- Net Operating Income $243,050
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/19/2019 08/19/19 | Sold | $5,300,000 | -1.9% | $300 / Sq Ft | |
| 07/01/2019 07/01/19 | Pending | -- | -- | -- | |
| 05/15/2019 05/15/19 | Price Changed | $5,400,000 | -0.9% | $305 / Sq Ft | |
| 03/27/2019 03/27/19 | For Sale | $5,450,000 | +21.1% | $308 / Sq Ft | |
| 01/25/2018 01/25/18 | Sold | $4,500,000 | -6.3% | $255 / Sq Ft | View Prior Sale |
| 10/10/2017 10/10/17 | Pending | -- | -- | -- | |
| 10/09/2017 10/09/17 | For Sale | $4,800,000 | -- | $272 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Greg Bassirpou
-
NoEmail NoEmail
N
Buyer's Agent in 2019
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
32 in this area
5,939 Total Sales
-
Tyler Leeson
Seller's Agent in 2018
Tyler Leeson
Marcus & Millichap RE Invest
(949) 419-3200
4 in this area
147 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC19068032
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.
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
Nearby Homes
- 14802 Newport Ave Unit 2B
- 14802 Newport Ave Unit 18A
- 14802 Newport Ave Unit 18C
- 1076 Mitchell Ave
- 1192 Mitchell Ave Unit 70
- 1192 Mitchell Ave Unit 3
- 1192 Mitchell Ave Unit 7
- 1425 Sycamore Ave
- 16596 Alliance Ave
- 1006 Overton Ct
- 14801 Braeburn Rd
- 15500 Tustin Village Way Unit 15
- 631 W 6th St Unit D
- 16667 Montego Way
- Plan 1643 Modeled at Stafford Glen
- Plan 1642 at Stafford Glen
- Plan 1387 Modeled at Stafford Glen
- 153 Balsawood
- 157 Balsawood
- 1112 1114 Napa St
- 16012 Bliss Ln
- 14711 Newport Ave
- 14721 Newport Ave
- 14701 Newport Ave
- 14731 Newport Ave
- 15991 Bliss Ln
- 15962 S Myrtle Ave Unit 3
- 15962 S Myrtle Ave Unit 7
- 15962 S Myrtle Ave Unit 12
- 15962 S Myrtle Ave Unit 8
- 16002 S Myrtle Ave
- 16002 S Myrtle Ave Unit 4
- 17111 Altadena Dr
- 15942 S Myrtle Ave Unit 3
- 15942 S Myrtle Ave Unit 4
- 15942 S Myrtle Ave
- 15946 S Myrtle Ave
- 15941 S Myrtle Ave Unit 4
- 15941 S Myrtle Ave Unit D
- 15941 S Myrtle Ave