NOT LISTED FOR SALE
6 Beds
6 Baths
3,413 Sq Ft
10,454 Sq Ft Lot

Last Sold December 28, 2023

Last sale price $1,287,500 $377 Per Sq Ft

11 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Villa Park High School Rated A
  • Laundry Room
  • Rectangular Lot

About This Home

As of December 2023

401 North Tustin Avenue is a well maintained 4-unit apartment complex in North East Anaheim. The building structure is 3,413 square feet and sits atop a large, rectangular 10,393 square foot lot. The 4-plex features an attractive unit mix of (2) 2 Bedroom 2 Bath Units & (2) 1 Bedroom 1 Bath Units, all of which boast spacious and open layouts. All apartments have enclosed balconies (upstairs) and enclosed, wrap around patios (downstairs). The downstairs units have forced air heating while the upstairs have wall heaters and every apartment has a wall and/or window air conditioning unit. Tenants enjoy garage and open parking, gas cooking, onsite laundry facilities, and individually metered utilities. The subject property is located within the boundaries of the Villa Park School District while being conveniently located near the 55 and 91 Freeways.

Last Agent to Sell the Property

Michael Arp

Morgan Skenderian License #01488586 Listed on: 10/30/2023

Last Buyer's Agent

Michelle Pino

First Team Real Estate License #01824393

First Team Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 10,454 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Parking

  • 5 Car Garage
  • 5 Open Parking Spaces
  • Parking Available
  • Rear-Facing Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 3,413 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 45
  • Tax Tract Number 4643
  • Assessor Parcel Number 36026406
  • $1,004 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,200
  • Insurance Expense $2,100
  • Maintenance Expense $4,158
  • Other Expense $3,839
  • Pest Control $360
  • New Taxes Expense $13,985
  • Operating Expense $26,677
  • Gross Income $2,700
  • Net Operating Income $56,491

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Parking

5

Listing Details

  • CapRate: 4.26
  • Price Per Unit: 331250
  • Property Attached: No
  • Zoning: R4
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1200.00
  • Parcel Number: 36026406
  • Year Built: 1964
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: side
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 377.23

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Parking: Yes
  • Parking Features: Garage Faces Rear
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 5.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central, Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 360.00
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 10000-19999 Sqft, Rectangular Lot
  • Lot Size Sq Ft: 10454.00
  • Lot Size Acres: 0.2400
  • Latitude Manual: 33.84598800

Rental Info

  • Garage Rental Rate: 125.00
  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 750 Square Feet
  • Average2 Bed Area: 950 Square Feet
  • Garage Income: 1500.00
  • Gross Income: 2700.00
  • Gross Multiplier: 15.45
  • Gross Operating Income: 83168.00
  • Gross Scheduled Income: 85740.00
  • Insurance Expense: 2100.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 1200.00
  • Lot Size Area: 10454.0000 Square Feet
  • Maintenance Expense: 4158.00
  • Net Operating Income: 56491.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number Wall A C: 4
  • Number With Dishwasher: 1
  • Number With Disposal: 4
  • Number With Range: 4
  • Operating Expense: 26677.00
  • Operating Expense Percent: 31.00
  • Other Expense: 3839.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Expenses: 26677.00
  • Vacancy Allowance: 2572
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 13985.00
  • Tax Census Tract: 762.02
  • Tax Lot: 45
  • Tax Tract Number: 4643
  • TaxOtherAnnualAssessmentAmount: 1004.00

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 List to Sale Price per Sq Ft
12/28/2023 12/28/23 Sold $1,287,500 -2.8% $377 / Sq Ft
11/11/2023 11/11/23 Pending -- -- --
10/30/2023 10/30/23 For Sale $1,325,000 -- $388 / 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: PW23200693

California Regional Multiple Listing Service (CRMLS)

APN: 360-264-06