NOT LISTED FOR SALE

16501 Lorelei Ln Tustin, CA 92780

6 Beds
4 Baths
2,828 Sq Ft
7,405 Sq Ft Lot

Last Sold June 30, 2015

Last sale price $710,000 $251 Per Sq Ft

7 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • Central Heating and Cooling System
  • Foothill High School Rated A

About This Home

As of June 2015

This is a true Pride of Ownership Duplex located on a cul-de-sac. The roof is less than 10 years old and the inside of each unit has newer carpet and paint. Laundry hookups are located in the garage. Both units are in very good condition and each has it own separate 2 car attached garage. Rents are low and can be raised to Market rate.

Last Agent to Sell the Property

Wil Drouin

Drouin Realty License #00286332 Listed on: 04/21/2015

Last Buyer's Agent

Wil Drouin

Drouin Realty License #00286332 Listed on: 04/21/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 7,405 Sq Ft Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 2,828 Sq Ft Home
  • Living Room with Fireplace

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 3
  • Tax Tract Number 10029
  • Assessor Parcel Number 40227105

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,045
  • Insurance Expense $1,473
  • Trash Expense $375
  • Water Sewer Expense $3,097
  • New Taxes Expense $8,520
  • Gross Income $3,645
  • Net Operating Income $30,970

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

7,405 Sq Ft Lot

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Water Sewer Expenses: 3097.00
  • Property Type: Residential Income
  • Gardener Expense: 1045.00
  • Parcel Number: 40227105
  • Year Built: 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 1 Common Wall
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Levels: Two
  • Price Per Square Foot: 251.06
  • Room Type: Master Bedroom

Exterior Features

  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Cooktop, Microwave
  • Heating Type: Central
  • Laundry Features: In Garage
  • Trash Expense: 375.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 3645.00
  • Gross Multiplier: 15.60
  • Gross Scheduled Income: 45480.00
  • Insurance Expense: 1473.00
  • Lot Size Area: 7405.0000 Square Feet
  • Net Operating Income: 30970.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Number With Range: 2
  • Operating Expense: 14510.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 8520.00
  • Tax Lot: 3
  • Tax Tract Number: 10029
  • Tax Year: 2014
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2015 06/30/15 Sold $710,000 0.0% $251 / Sq Ft
04/28/2015 04/28/15 Pending -- -- --
04/21/2015 04/21/15 For Sale $710,000 -- $251 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

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
2025 $9,567 $853,307 $648,205 $205,102
2024 $9,567 $836,576 $635,495 $201,081
2023 $9,333 $820,173 $623,034 $197,139
2022 $9,191 $804,092 $610,818 $193,274
2021 $9,006 $788,326 $598,841 $189,485
2020 $8,959 $780,243 $592,700 $187,543
2019 $8,740 $764,945 $581,079 $183,866
2018 $8,597 $749,947 $569,686 $180,261
2017 $8,447 $735,243 $558,516 $176,727
2016 $8,296 $720,827 $547,565 $173,262
2015 $6,702 $548,165 $380,432 $167,733
2014 $6,534 $537,428 $372,980 $164,448
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15084616

California Regional Multiple Listing Service (CRMLS)

APN: 402-271-05

Your Personal Tour Guide

Ask me questions while you tour the home.