• 3,130 sq.ft.
  • 7,841 sq.ft. lot
offered at $1,399,000
Status: Active Under Contract // Property Type:
Project/Tract: Other // County: Orange // Year Built: 1963

Property Description

Rare opportunity to own a turn key multifamily asset in Tustin. Major renovation completed on all interiors so maintenance costs are minimal. 2022 financials demonstrated an amazing 4.7% cap rate - in progress rent increases will push this to 5.0% (proforma 5.6%). Strong rental area walking distance to commercial corridor (walk score 76). This is the only multifamily property for sale in the area. Pride of ownership in this triplex building. No expense spared in building remodel. Spacious units feature patios and balconies. New shower and tub surrounds, new windows, new flooring, new doors, new cabinets, quartz countertops, undermount sinks, garbage disposals, security doors, new FAU’s, paint, ceiling fans… even the exterior stairs have been rebuilt. Building has been replumbed with PEX. Private garages for each unit, plus one extra. Corner location provides for an extra large parking lot. Onsite coin-op laundry room drives additional income for owner. Private storage room for owner use. Drive by only! Do not disturb tenants.

Listing Courtesy of Kristine Kurz, Real Estate Ebroker Inc

Interior Features

Heating: Wall Furnace

Exterior Features

Exterior Features: Sidewalks, Storm Drains, Street Lights // Roof: Shingle
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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