NOT LISTED FOR SALE

180 Preble Dr Tustin, CA 92780

6 Beds
3 Baths
2,400 Sq Ft
7,841 Sq Ft Lot

Last Sold July 14, 2015

Last sale price $870,000 $362 Per Sq Ft

26 Days on Market

Highlights

  • No Units Above
  • Contemporary Architecture
  • No HOA
  • Guin Foss Elementary School Rated A-
  • Attic
  • Cooling System Mounted To A Wall/Window

About This Home

As of July 2015

Picture perfect triplex in the heart of Tustin in a great rental area. Well maintained property with new exterior paint and a new roof. All 3 units are identical at 987 square feet with 2 bedrooms, 1 bath. All have a fireplace, private patio and 1 car garage parking with alley access. Onsite laundry room with owner owned machines available to all tenants. The building is all electric with separate meters for each unit as well as separate water heaters. Freeway close to both the 5, 22 and 55 freeways. Great investment in a great area.

Last Agent to Sell the Property

LAURIE SPARKS

Redfin License #01100391 Listed on: 05/29/2015

Redfin

Last Buyer's Agent

Kyu Na

Vision Realty License #00994904

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 7,841 Sq Ft Lot
  • Property fronts an alley
  • No Units Above
  • Two or More Common Walls
  • East Facing Home
  • Wood Fence
  • Front Yard Sprinklers
  • Sprinklers on Timer
  • Density is up to 1 Unit/Acre

Parking

  • 3 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Property Attached
  • Entry on the 1st floor
  • Turnkey
  • Slab Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 2,400 Sq Ft Home
  • 1-Story Property
  • Window Screens
  • Living Room with Fireplace
  • Carpet
  • Security Lights
  • Laundry Room
  • Attic

Kitchen

  • Electric Cooktop
  • Range Hood
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Rain Gutters

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • Tenant pays for electricity, water
  • Tax Lot 830
  • Tax Tract Number 75505
  • Assessor Parcel Number 40159116

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Water Meters
  • Electric Expense $820
  • Gardener Expense $600
  • Insurance Expense $2,456
  • Trash Expense $932
  • Water Sewer Expense $1,080
  • New Taxes Expense $9,735
  • Gross Income $4,300
  • Net Operating Income $35,976

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

3

Listing Details

  • Assessments: Yes
  • Inclusions: Washer & Dryer, Stoves, Window Air Conditioners
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Road Surface Type: Alley Paved
  • Security: Security Lights
  • View: No
  • Water Sewer Expenses: 1080.00
  • Architectural Style: Contemporary
  • Property Condition: Turnkey
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 40159116
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above
  • Flooring: Carpet
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 362.50
  • Room Type: Attic, All Bedrooms Down, Living Room
  • Window Features: Screens

Exterior Features

  • Direction Faces: East
  • Foundation: Slab
  • Exterior Features: Rain Gutters
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Cooktop, Disposal, Range Hood
  • Electric: Electricity - On Property
  • Heating Type: Electric
  • Laundry Features: Community
  • Trash Expense: 932.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains

Lot Info

  • Lot Features: 0-1 Unit/Acre, Sprinklers In Front, Sprinklers Timer
  • Lot Size Sq Ft: 7841.00
  • Price Per Lot Square Foot: 110.96
  • Lot Size Acres: 0.1800

Rental Info

  • Tenant Pays: Electricity, Water

Multi Family

  • Average1 Bed Area: 988
  • Average2 Bed Area: 988
  • Average3 Bed Area: 938
  • Electric Expense: 820.00
  • Gross Income: 4300.00
  • Gross Scheduled Income: 51600.00
  • Insurance Expense: 2456.00
  • Lot Size Area: 7841.0000 Square Feet
  • Net Operating Income: 35976.00
  • Number Of Rented Garages: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number With Carpet: 3
  • Number With Disposal: 3
  • Number With Patio: 3
  • Number With Range: 3
  • Operating Expense: 15623.00
  • Rent Control: No
  • Total Actual Rent: 4300.00

Tax Info

  • New Taxes Expense: 9735.00
  • Tax Lot: 830
  • Tax Tract Number: 75505

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
07/14/2015 07/14/15 Sold $870,000 -1.7% $363 / Sq Ft
06/24/2015 06/24/15 Pending -- -- --
05/29/2015 05/29/15 For Sale $885,000 -- $369 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $11,839 $1,029,902 $909,847 $120,055
2024 $11,839 $1,009,708 $892,007 $117,701
2023 $11,545 $989,910 $874,516 $115,394
2022 $11,365 $970,500 $857,368 $113,132
2021 $11,141 $951,471 $840,557 $110,914
2020 $11,082 $941,715 $831,938 $109,777
2019 $10,817 $923,250 $815,625 $107,625
2018 $10,643 $905,148 $799,633 $105,515
2017 $10,461 $887,400 $783,953 $103,447
2016 $10,277 $870,000 $768,581 $101,419
2015 $4,460 $305,904 $190,399 $115,505
2014 -- $299,912 $186,669 $113,243
Source: Public Records

Agents Affiliated with this Home

  • Kyu Na

    Buyer's Agent in 2015

    Kyu Na

    Vision Realty

    (657) 567-4080

    2 in this area

    10 Total Sales

    Kyu Na
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15115283

California Regional Multiple Listing Service (CRMLS)
California Orange County Tustin 92780

180 Preble Dr, Tustin, CA

Not Listed for Sale

MultiFamily

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