NOT LISTED FOR SALE

16562 Lorelei Ln Tustin, CA 92780

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

Sale Details

Date 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
  • Storage
  • Foothill High School Rated A
  • Ceramic Countertops
  • Central Heating and Cooling System

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

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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 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

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

Additional Features

  • 2 Units
  • Laundry Facilities

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2023
Closed on
Dec 12, 2023
Sold by
Bought by
Seller's Agent
Johnny Lucero
Rise Mortgage & Real Estate
Buyer's Agent
Yogesh Shah
Akash Realty
List Price
$1,399,000
Sold Price
$1,275,000
Premium/Discount to List
-$124,000
-8.86%
Views
56

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Interest Rate
7.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 8, 2020
Sold by
Bought by

Purchase Details

Closed on
Nov 20, 2019
Sold by
Bought by

Purchase Details

Closed on
Aug 22, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 11, 2019
Sold by
Bought by

Purchase Details

Closed on
Oct 27, 2012
Sold by
Bought by

Purchase Details

Closed on
Apr 1, 2010
Sold by
Bought by

Purchase Details

Closed on
Mar 30, 2010
Sold by
Bought by

Purchase Details

Closed on
Jun 29, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,900
Interest Rate
7.03%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 8, 1999
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,900
Interest Rate
7.03%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,275,000 Chicago Title Company
-- Chicago Title Company
-- Accommodation
-- Chicago Title Company
-- Chicago Title Company
-- None Available
-- First American Title
-- First American Title
-- Orange Coast Title
-- Orange Coast Title
$240,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $580,000
Previous Owner $300,000
Previous Owner $250,000
Previous Owner $220,000
Previous Owner $122,600
Previous Owner $143,900
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $14,971 $1,326,510 $1,118,430 $208,080
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

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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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