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
  • 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

0

Parking

4

Listing Details

  • Assessments: Yes
  • Price Per Unit: 699500
  • 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
  • Entry Location: Front
  • 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

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
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Johnny Lucero

    Seller's Agent in 2023

    Johnny Lucero

    Rise Mortgage & Real Estate

    (562) 822-4912

    1 in this area

    17 Total Sales

    Johnny Lucero
    Section Image

  • Y

    Buyer's Agent in 2023

    Yogesh Shah

    Akash Realty

    (714) 936-5300

    1 in this area

    12 Total Sales

    Yogesh Shah
    Section Image
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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

California Orange County Tustin 92780

16562 Lorelei Ln, Tustin, CA

This home is located at 16562 Lorelei Ln, Tustin, CA 92780 since 27 October 2023. This property was built in 1978. 16562 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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