NOT LISTED FOR SALE

17042 Carlann Cir Tustin, CA 92780

9 Beds
7 Baths
4,075 Sq Ft
0.25 Acres

Last Sold May 21, 2021

Last sale price $1,400,000 $344 Per Sq Ft

119 Days on Market

Highlights

  • Fireplace in Kitchen
  • Corner Lot
  • Laundry Room

About This Home

As of May 2021

Located at the end of a quiet cul-de-sac in the heart of Tustin, this large four-plex presents an incredible investment opportunity in an increasingly high-demand area with long term tenants. The unit mix consists of one (1) large 3 bedroom 2 bath unit, two (2) large 2 bedroom 2 bath units downstairs, and one 2 bedroom and 1 bath unit upstairs. Each unit includes one (1) garage space and a shared laundry room for all tenants. Units feature a cozy fireplace, tile flooring throughout, and a quaint front patio area. With a convenient location providing easy access to the 55 and 5 freeways, making it a premier opportunity for savvy investors.

Last Agent to Sell the Property

Sawsan Saba

Coldwell Banker Realty License #01921021 Listed on: 12/10/2020

Coldwell Banker Realty

Co-Listed By

Tim Smith

Coldwell Banker Realty License #01346878

Last Buyer's Agent

Ezra Silva

Real Broker License #01336870

Real Broker

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 0.25 Acre Lot
  • Two or More Common Walls
  • Corner Lot

Parking

  • 4 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 4,075 Sq Ft Home
  • 2-Story Property
  • Family Room with Fireplace
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Additional Features

  • Exterior Lighting
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 5
  • Tax Tract Number 5008
  • Assessor Parcel Number 40236214

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $700
  • Fuel Expense $2,000
  • Gardener Expense $600
  • Insurance Expense $2,100
  • Trash Expense $1,400
  • Water Sewer Expense $2,757
  • New Taxes Expense $16,800
  • Operating Expense $26,357
  • Gross Income $85,860
  • Net Operating Income $59,500

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Ad Number: 949.500.9979
  • Other Phone Description: Sawsan Saba
  • Other Phone Number: 949.500.9979
  • Property Attached: Yes
  • Water Sewer Expenses: 2757.00
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 40236214
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Fireplace Features: Family Room, Kitchen
  • Levels: Two
  • Price Per Square Foot: 343.56

Exterior Features

  • Pool Private: No

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room
  • Sewer: Sewer Paid
  • Trash Expense: 1400.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 11105.00
  • Lot Size Acres: 0.2549

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Electric Expense: 700.00
  • Fuel Expense: 2000.00
  • Gross Income: 85860.00
  • Gross Scheduled Income: 85860.00
  • Insurance Expense: 2100.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 1000.00
  • Lot Size Area: 11105.0000 Square Feet
  • Net Operating Income: 59500.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 26357.00
  • Rent Control: No
  • Total Actual Rent: 7725.00
  • Total Expenses: 26357.00

Tax Info

  • New Taxes Expense: 16800.00
  • Tax Census Tract: 755.14
  • Tax Lot: 5
  • Tax Tract Number: 5008

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
05/21/2021 05/21/21 Sold $1,400,000 -1.8% $344 / Sq Ft
04/08/2021 04/08/21 Pending -- -- --
02/22/2021 02/22/21 Price Changed $1,425,000 -1.7% $350 / Sq Ft
12/10/2020 12/10/20 For Sale $1,450,000 +8.2% $356 / Sq Ft
02/14/2018 02/14/18 Sold $1,340,000 -0.7% $329 / Sq Ft
01/11/2018 01/11/18 Pending -- -- --
01/05/2018 01/05/18 For Sale $1,350,000 -- $331 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP20254563

California Regional Multiple Listing Service (CRMLS)

APN: 402-362-14