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

0

Parking

2

Listing Details

  • Assessments: Yes
  • Other Phone Number: 714-731-9200
  • 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

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
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Wil Drouin

    Seller's Agent in 2015

    Wil Drouin

    Drouin Realty

    (714) 731-9200

    4 in this area

    21 Total Sales

    Wil Drouin
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15084616

California Regional Multiple Listing Service (CRMLS)

APN: 402-271-05

California Orange County Tustin 92780

16501 Lorelei Ln, Tustin, CA

This home is located at 16501 Lorelei Ln, Tustin, CA 92780 since 21 April 2015. This property was built in 1978. 16501 Lorelei Ln is a home located in Orange County with nearby schools including Helen Estock Elementary School, Columbus Tustin Middle School, and Foothill High 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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