NOT LISTED FOR SALE

553 N Tustin Ave Unit 9 Santa Ana, CA 92705

2 Beds
2 Baths
1,590 Sq Ft
$779/mo HOA Fee

Last Sold August 26, 2020

Last sale price $660,000 $415 Per Sq Ft

40 Days on Market

Highlights

  • Community Pool
  • Laundry Room
  • 3 Detached Carport Spaces
  • Foothill High School Rated A
  • Picnic Area
  • Landscaped

About This Home

As of August 2020

Incredible triplex investment opportunity with professional on-site property management. That's right, no management headaches. There are 3 attached studio units located on the top floor. Benefits afforded by this development include professional on-site property management, HOA dues include: leasing, advertising, qualifying tenants, water, trash, sewer, landscaping and master insurance. For an additional fee/expense, the property management can supervise and complete any cleanup after tenant move out. Each of the units are junior 1 bedroom suites with good size living area, full kitchen, bathroom and bedroom area plus 1 carport space. Tenants pay other utilities as part of their standard lease.

Last Agent to Sell the Property

Steven Leverett

Newport Beach Real Estate License #00941644 Listed on: 06/30/2020

Last Buyer's Agent

Steven Leverett

Newport Beach Real Estate License #00941644 Listed on: 06/30/2020

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,553

Year Built

  • Built in 1969

Lot Details

  • Two or More Common Walls
  • Landscaped

HOA Fees

  • $779 Monthly HOA Fees

Home Design

  • 1,590 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room

Parking

  • 3 Parking Spaces
  • 3 Detached Carport Spaces
  • Parking Available
  • Assigned Parking

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 1
  • Tax Tract Number 11921
  • Assessor Parcel Number 93071500

Community Details

Overview

  • 3 Units
  • Village Apartments Condo Association, Phone Number (714) 541-5259
  • Villa Santa Ana Condos Subdivision

Amenities

  • Picnic Area
  • Laundry Facilities

Recreation

  • Community Pool

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Insurance Expense $1,290
  • Professional Management Expense $9,347
  • New Taxes Expense $8,005
  • Operating Expense $19,504
  • Gross Income $50,700
  • Net Operating Income $31,920

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,553

Year Built

Built in 1969

Lot Details

0

HOA Fees

$779 per month

Listing Details

  • CapRate: 4.30
  • Price Per Unit: 250000
  • Professional Management Expense: 9347.00
  • Property Attached: Yes
  • Subdivision Name Other: Villa Santa Ana Condos (VLSA)
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 93071500
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Common Walls: 2+ Common Walls
  • Levels: One
  • Price Per Square Foot: 415.09

Exterior Features

  • Pool Features: Association
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Detached Carport, Covered
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Picnic Area
  • Association Fee: 778.86
  • Association Fee Frequency: Monthly
  • Association Name: Village Apartments Condo Association
  • Phone: 714 541-5259
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 100.00
  • Lot Size Acres: 0.0023

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average Studio Area: 530 Square Feet
  • Gross Income: 50700.00
  • Gross Multiplier: 14.79
  • Gross Operating Income: 50700.00
  • Gross Scheduled Income: 50700.00
  • Gross Spendable Income: 31920.00
  • Insurance Expense: 1290.00
  • Lot Size Area: 100.0000 Square Feet
  • Net Operating Income: 31920.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number Wall A C: 3
  • Number With Dishwasher: 1
  • Number With Range: 3
  • Operating Expense: 18780.00
  • Operating Expense Percent: 37.00
  • Rent Control: No
  • Total Actual Rent: 4225.00
  • Total Expenses: 19504.00

Tax Info

  • New Taxes Expense: 8005.00
  • Tax Area: 11-040
  • Tax Census Tract: 755.04
  • Tax Lot: 1
  • Tax Tract Number: 11921
  • Tax Annual Amount: 4552.86

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
08/26/2020 08/26/20 Sold $660,000 -12.0% $415 / Sq Ft
06/30/2020 06/30/20 For Sale $750,000 -- $472 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Steven Leverett

    Newport Beach Real Estate

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP20126945

California Regional Multiple Listing Service (CRMLS)
California Orange County Santa Ana 92705

553 N Tustin Ave Unit 9, Santa Ana, CA

This home is located at 553 N Tustin Ave Unit 9, Santa Ana, CA 92705 since 30 June 2020. This property was built in 1969. 553 N Tustin Ave Unit 9 is a home located in Orange County with nearby schools including Helen Estock Elementary School, Columbus Tustin Middle School, and Foothill High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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