NOT LISTED FOR SALE

16562 Lorelei Ln Tustin, CA 92780

5 Beds
5 Baths
2,631 Sq Ft
6,970 Sq Ft Lot

Last Sold December 28, 2023

Last sale price $1,275,000 $485 Per Sq Ft

35 Days on Market

Highlights

  • All Bedrooms Downstairs
  • Fireplace in Primary Bedroom
  • Laundry Room
  • Foothill High School Rated A
  • Ceramic Countertops
  • Storage

About This Home

As of December 2023

Rare opportunity to own this beautiful Tustin duplex. One unit is 3 bedrooms with 2 and a half baths, fireplace, private patio and 2 car garage. The second unit is 2 bedrooms, 2 baths, fireplace, patio and two car garage. Location is ideal with access to the 5 and 55 interchange!

Last Agent to Sell the Property

Johnny Lucero

Rise Mortgage & Real Estate License #01757716 Listed on: 10/27/2023

Last Buyer's Agent

Yogesh Shah

Akash Realty License #00846651

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • 6,970 Sq Ft Lot
  • 1 Common Wall
  • Block Wall Fence
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage
  • Parking Available

Home Design

  • Duplex
  • Entry on the 1st floor
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • Vertical Siding
  • Copper Plumbing

Interior Spaces

  • 2,631 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Blinds
  • Storage

Kitchen

  • Ceramic Countertops
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Fireplace in Primary Bedroom
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer Hookup

Outdoor Features

  • Fireplace in Patio
  • Outdoor Fireplace
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 10
  • Tax Tract Number 10029
  • Assessor Parcel Number 40227112
  • $662 per year additional tax assessments

Community Details

Overview

  • 2 Units

Recreation

  • Bike Trail

Building Details

  • 1 Leased Unit
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,500
  • Operating Expense $1,500
  • Net Operating Income $33,588

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

6,970 Sq Ft Lot

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • View: No
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 40227112
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceramic Counters, Copper Plumbing Full, Storage
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Fireplace Features: Kitchen, Primary Bedroom, Outside, Patio, Gas
  • Levels: Two
  • Price Per Square Foot: 484.61
  • Room Type: All Bedrooms Down, All Bedrooms Up
  • Window Features: Blinds

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Shingle
  • Spa: No
  • Construction Materials: Brick, Unknown, Vertical Siding

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6970.00
  • Lot Size Acres: 0.1600

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Scheduled Income: 34788.00
  • Insurance Expense: 1500.00
  • Lot Size Area: 6970.0000 Square Feet
  • Net Operating Income: 33588.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Number With Patio: 2
  • Operating Expense: 1200.00
  • Rent Control: No
  • Total Actual Rent: 2899.00
  • Total Expenses: 1500.00

Tax Info

  • Tax Census Tract: 744.08
  • Tax Lot: 10
  • Tax Tract Number: 10029
  • TaxOtherAnnualAssessmentAmount: 662.00
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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 List to Sale Price per Sq Ft
12/28/2023 12/28/23 Sold $1,275,000 -8.9% $485 / Sq Ft
10/27/2023 10/27/23 For Sale $1,399,000 -- $532 / 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 $14,309 $1,300,500 $1,096,500 $204,000
2024 $14,309 $1,275,000 $1,075,000 $200,000
2023 $4,460 $354,393 $158,603 $195,790
2022 $4,380 $347,445 $155,494 $191,951
2021 $4,297 $340,633 $152,445 $188,188
2020 $4,273 $337,141 $150,882 $186,259
2019 $4,178 $330,531 $147,924 $182,607
2018 $4,113 $324,050 $145,023 $179,027
2017 $4,045 $317,697 $142,180 $175,517
2016 $3,976 $311,468 $139,392 $172,076
2015 $3,941 $306,790 $137,298 $169,492
2014 $3,844 $300,781 $134,609 $166,172
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23200597

California Regional Multiple Listing Service (CRMLS)

APN: 402-271-12

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