$795,000

Estimated payment $4,836/month

Total Views 4,845
3 Beds
2 Baths
1,370 Sq Ft
$580 Price per Sq Ft

Highlights

  • Private Pool
  • Primary Bedroom Suite
  • Gated Community
  • RV Access or Parking
  • Gated Parking
  • Property is near public transit

About This Home

INVESTOR OPPORTUNITY: CASH-FLOWING
CORNER “L” SHAPE PROPERTY WITH EXPANSION POTENTIAL

IMMEDIATE INCOME + FUTURE UPSIDE This exceptional corner property delivers reliable rental income. The unique layout and prime location offer tremendous potential for increased cash flow through modifications.

INVESTOR-FRIENDLY FEATURES
Low-maintenance NON-RENT-CONTROLLED property with reliable month to month tenant base who pay rent on 1st of each month. Never late. No hassle.
TURN-KEY INVESTMENT With tenants in place and multiple income stream opportunities, this corner property offers both immediate returns and growth potential.

MAXIMUM INCOME POTENTIAL
• 3 bedrooms plus flexible bonus area with kitchenette infrastructure
• Primary suite with private entrance and bathroom with maximum privacy - potential separate rental conversion
* Potential to add a 4th bedroom
• 500 sq ft vacant corner lot space with potential for ADU development and independent street access
• Pool completely renovated with new plaster, plumbing, and tiles
• Large storage shed and large covered patio with washer/dryer hookups
• Landscaping includes fruits trees including Lemon tree, Fig Tree, Avocado, Apple and Lime Tree
• Close access to Sherman Way, Vallarta supermarket, other shops, and bus line.
• Low maintenance and is perfect to retain to live in or as an investment property.

***Buyer to investigate all related feasibility, city permits for building, construction, and/or unit separation

Listing Agent

Fay Manoucheri

LRS Realty & Management Inc. Brokerage Phone: 818-900-1328 License #02043086 Listed on: 07/07/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,064

Year Built

  • Built in 1951

Lot Details

  • 6,537 Sq Ft Lot
  • Northeast Facing Home
  • Wrought Iron Fence
  • Landscaped
  • Paved or Partially Paved Lot
  • Level Lot
  • Irregular Lot
  • Garden
  • Front Yard
  • Property is zoned LAR1

Home Design

  • Raised Foundation
  • Shingle Roof

Interior Spaces

  • 1,370 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting
  • Blinds
  • Entryway
  • Home Office
  • Bonus Room
  • Wood Flooring

Kitchen

  • Gas Oven
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Open Parking Spaces
  • 4 Parking Spaces
  • 2 Attached Carport Spaces
  • Parking Available
  • Side by Side Parking
  • Tandem Covered Parking
  • Driveway
  • Gated Parking
  • Paved Parking
  • RV Access or Parking
  • Unassigned Parking

Accessible Home Design

  • Accessible Parking

Outdoor Features

  • Private Pool
  • Exterior Lighting
  • Shed

Location

  • Property is near public transit
  • Suburban Location

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected

Community Details

  • No Home Owners Association
  • 1 Leased Unit
  • Gated Community

Listing and Financial Details

  • Tax Lot 123
  • Tax Tract Number 17129
  • Assessor Parcel Number 2112011024
  • $356 per year additional tax assessments
  • Seller Considering Concessions

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,064

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Other Phone Description: Cell
  • Other Phone Number: 818-900-1328
  • Price Per Unit: 795000
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
  • View: No
  • Zoning: LAR1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 2112011024
  • Year Built: 1951
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Recessed Lighting
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Accessibility Features: Parking
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 580.29
  • Room Type: All Bedrooms Down, Bonus Room, Entry, Kitchen, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom, Primary Suite, Office
  • Window Features: Blinds

Exterior Features

  • Direction Faces: Northeast
  • Foundation: Raised
  • Other Structures: Shed(s), Storage
  • Exterior Features: Lighting
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Features: Private
  • Pool Private: Yes
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Attached Carport, Driveway, Concrete, Gated, Private, RV Access/Parking, Side by Side, Tandem Covered, Unassigned
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Freezer, Gas Oven, Microwave, Refrigerator
  • Electric: Standard
  • Heating Type: Central
  • Laundry Features: Gas Dryer Hookup, Outside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Garden, Landscaped, Irregular Lot, Level, Near Public Transit, Paved
  • Lot Size Sq Ft: 6537.00
  • Lot Size Acres: 0.1501

Rental Info

  • Tenant Pays: All Utilities, Cable TV, Electricity, Gas, Trash Collection, Water

Multi Family

  • Gross Income: 3500.00
  • Gross Scheduled Income: 3500.00
  • Lot Size Area: 6537.0000 Square Feet
  • Net Operating Income: 3500.00
  • Number Of Units Leased: 1
  • Number Of Units Total: 1
  • Number With Dishwasher: 1
  • Number With Disposal: 1
  • Number With Patio: 1
  • Number With Range: 1
  • Number With Refrigerator: 1
  • Rent Control: No
  • Total Actual Rent: 3500.00

Tax Info

  • Tax Census Tract: 1340.01
  • Tax Lot: 123
  • Tax Tract Number: 17129
  • TaxOtherAnnualAssessmentAmount: 356.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $6,064 $485,350 $388,283 $97,067
2024 $6,064 $475,834 $380,670 $95,164
2023 $5,951 $466,505 $373,206 $93,299
2022 $5,680 $457,359 $365,889 $91,470
2021 $5,609 $448,392 $358,715 $89,677
2019 $5,446 $435,094 $348,076 $87,018
2018 $5,338 $426,563 $341,251 $85,312
2016 $3,295 $259,984 $207,989 $51,995
2015 $3,249 $256,079 $204,865 $51,214
2014 $3,268 $251,063 $200,852 $50,211
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2025 07/07/25 For Sale $795,000 +93.9% $580 / Sq Ft
03/22/2016 03/22/16 Sold $410,000 -4.4% $299 / Sq Ft
02/08/2016 02/08/16 Pending -- -- --
02/07/2016 02/07/16 For Sale $429,000 -- $313 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $410,000 Pacific Coast Title Company
Grant Deed -- Ticor Title Tustin Orange Co
Trustee Deed $369,750 None Available
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $245,000 South Coast Title
Individual Deed $127,000 Chicago Title Insurance Co
Quit Claim Deed -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $328,000 New Conventional
Previous Owner $193,950 New Conventional
Previous Owner $203,150 Purchase Money Mortgage
Previous Owner $14,000 New Conventional
Previous Owner $425,000 Fannie Mae Freddie Mac
Previous Owner $372,000 Stand Alone First
Previous Owner $326,250 Unknown
Previous Owner $10,000 Credit Line Revolving
Previous Owner $270,000 Unknown
Previous Owner $10,000 Credit Line Revolving
Previous Owner $236,000 Unknown
Previous Owner $232,750 No Value Available
Previous Owner $120,650 No Value Available
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25145873

California Regional Multiple Listing Service (CRMLS)

APN: 2112-011-024