NOT LISTED FOR SALE

18271 Plaza Way Tustin, CA 92780

9 Beds
8 Baths
4,379 Sq Ft
8,276 Sq Ft Lot

Last Sold January 15, 2016

Last sale price $1,339,000 $306 Per Sq Ft

12 Days on Market

Highlights

  • Property is near public transit
  • Cooling System Mounted To A Wall/Window
  • Rectangular Lot
  • Guin Foss Elementary School Rated A-

About This Home

As of January 2016

PRIDE 4-PLEX IN HIGHLY SOUGHT AFTER N. TUSTIN. Xlnt. school district!!! Pride property with numerous improvements: Exterior.. 30 year roof in July 2011, complete outside paint 2013, all new heavy duty expensive soundproof dual pane windows in 2013, new 100 gallon water heater 2014. New landscaping/artificial grass for water savings. Excellent curb appeal - located in one of the very best 4-Plex tracts in O.C. Completely re-plumbed in 2015 with PEX tubing warranted for 25 yrs. No copper pipe is left in the system. Also in 2015 replaced valves in all 8 showers & new hose bibs on the outside. Slurry coated driveway 2014. Unit upgrades as follows: UNIT "D"... Completely remodeled in 2015 with all new tile flooring, carpet, appliances, A/C, cabinets, granite ctr-tops, both decks re-coated, door handles, medicine cabinets, toilets, vent fans, paint throughout, lighting, ceiling fans in all rooms. UNIT "B"...Excel. cond. with 1 yr.one year old paint, laminate wood floors, A/C, window coverings & new higher end garage door opener. UNIT "C"... Good cond. 1 yr. new A/C & 2 yr. new forced air htr. Long term tenants/room to raise rents. Rarely vacant. Recent sale in tract just closed escrow on 12/4/2015 at $1,350,000. Best building in best tract on market...Hurry!!!

Last Agent to Sell the Property

Bob Walz

New Dimension Investment Prop License #00640512 Listed on: 12/11/2015

Last Buyer's Agent

Joe Tringale

Barela Investments Inc License #00580069

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 8,276 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Sprinkler System

Parking

  • 5 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 4,379 Sq Ft Home
  • 2-Story Property
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 8 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Sewer Paid

Additional Features

  • Rain Gutters
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 40127145

Community Details

Overview

  • Property has a Home Owners Association
  • 4 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $500
  • Gardener Expense $1,080
  • Insurance Expense $1,808
  • Maintenance Expense $1,524
  • Pest Control $300
  • Trash Expense $963
  • Water Sewer Expense $1,575
  • New Taxes Expense $16,119
  • Gross Income $6,375
  • Net Operating Income $48,587

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Parking

5

Listing Details

  • CapRate: 3.60
  • Property Attached: Yes
  • Water Sewer Expenses: 1575.00
  • Property Type: Residential Income
  • Gardener Expense: 1080.00
  • Parcel Number: 40127145
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 305.78

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 13.00

Utilities

  • Utilities: Sewer Connected
  • Pest Control Expense: 300.00
  • Sewer: Sewer Paid
  • Trash Expense: 963.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Community Features: Curbs, Gutters

Lot Info

  • Lot Features: Rectangular Lot, Lot 6500-9999, Sprinkler System, Near Public Transit
  • Lot Size Sq Ft: 8276.00
  • Price Per Lot Square Foot: 161.79
  • Lot Size Acres: 0.1900

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 500.00
  • Gross Income: 6375.00
  • Gross Multiplier: 17.70
  • Gross Scheduled Income: 76200.00
  • Insurance Expense: 1808.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 8276.0000 Square Feet
  • Maintenance Expense: 1524.00
  • Maintenance Percent: 2.00
  • Net Operating Income: 48587.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 26389.00
  • Rent Control: No
  • Vacancy Allowance: 1524
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 16119.00
  • Tax Lot: 0000
  • Tax Tract Number: 00000

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
01/15/2016 01/15/16 Sold $1,339,000 -0.7% $306 / Sq Ft
12/23/2015 12/23/15 Pending -- -- --
12/11/2015 12/11/15 For Sale $1,349,000 -- $308 / 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: OC15261237

California Regional Multiple Listing Service (CRMLS)

APN: 401-271-45