NOT LISTED FOR SALE

16562 Alliance Ave Tustin, CA 92780

7 Beds
4 Baths
6,836 Sq Ft
10,062 Sq Ft Lot

Sale Details

Date Sold: May 4, 2016

Last sale price $1,365,000 $200 Per Sq Ft

15 Days on Market

About This Home

As of May 2016

16562 Alliance Avenue is a 6-unit multifamily investment opportunity located in the city of Tustin, California. 16562 Alliance Avenue features four, two-bedroom/one-bathroom units, one, two-bedroom/one-and-one-half-baths townhome unit and one, three-bedroom/two-bathroom unit. The property, built in 1965, possesses 6,836 rentable square feet on a 0.23 acre lot. The property also features private patios and garage parking, secure entry gates, an on-site laundry facility and extra storage space.

Last Agent to Sell the Property

Tyler Leeson

Marcus & Millichap RE Invest License #01451551 Listed on: 02/04/2016

Last Buyer's Agent

David Feldberg

Coastal Real Estate Group License #01378475

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 10,080 Sq Ft Lot
  • No Common Walls
  • Landscaped

Parking

  • 6 Car Garage

Home Design

  • 6,836 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 8
  • Tax Tract Number 5410
  • Assessor Parcel Number 40229206

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • 6 Leased Units
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • Electric Expense $1,824
  • Gardener Expense $1,275
  • Insurance Expense $1,200
  • Maintenance Expense $3,000
  • Other Expense $2,400
  • Professional Management Expense $4,382
  • Trash Expense $1,824
  • Water Sewer Expense $1,824
  • New Taxes Expense $16,889
  • Gross Income $8,215
  • Net Operating Income $60,928

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

10,080 Sq Ft Lot

Parking

6

Listing Details

  • Professional Management Expense: 4382.00
  • Property Attached: No
  • Water Sewer Expenses: 1824.00
  • Property Type: Residential Income
  • Gardener Expense: 1275.00
  • Parcel Number: 40229206
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 199.68

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Sewer Available
  • Trash Expense: 1824.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 10080.00
  • Price Per Lot Square Foot: 135.42
  • Lot Size Acres: 0.2310

Multi Family

  • Electric Expense: 1824.00
  • Gross Income: 8215.00
  • Gross Scheduled Income: 100330.00
  • Insurance Expense: 1200.00
  • Lot Size Area: 10080.0000 Square Feet
  • Maintenance Expense: 3000.00
  • Net Operating Income: 60928.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Units Leased: 6
  • Number Of Units Total: 6
  • Operating Expense: 36444.00
  • Other Expense: 2400.00
  • Other Expense Description: General
  • Rent Control: No
  • Total Actual Rent: 8215.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 16889.00
  • Tax Lot: 8
  • Tax Tract Number: 5410
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
05/04/2016 05/04/16 Sold $1,365,000 +1.1% $200 / Sq Ft
02/19/2016 02/19/16 Pending -- -- --
02/04/2016 02/04/16 For Sale $1,350,000 -- $197 / 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 $19,037 $1,615,879 $1,065,417 $550,462
2024 $19,037 $1,584,196 $1,044,527 $539,669
2023 $18,550 $1,553,134 $1,024,046 $529,088
2022 $18,246 $1,522,681 $1,003,967 $518,714
2021 $17,889 $1,492,825 $984,281 $508,544
2020 $17,794 $1,477,518 $974,188 $503,330
2019 $17,378 $1,448,548 $955,087 $493,461
2018 $17,102 $1,420,146 $936,360 $483,786
2017 $16,810 $1,392,300 $918,000 $474,300
2016 $13,853 $1,116,775 $833,230 $283,545
2015 $14,186 $1,100,000 $820,714 $279,286
2014 $13,283 $1,026,665 $747,379 $279,286
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC16023900

California Regional Multiple Listing Service (CRMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.