For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $925,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NP14207468
Sold Date 11/20/14
HOA Y/N No
Year Built 1959
Lot Size 0.344 Acres
Property Description
The B Street apartments are a rarely available 5 unit apartment building located in Old Town Tustin. This coveted property consists of 4 separate, single story living structures sitting atop a large, 15,000 square foot lot in the heart of Old Town Tustin. The front apartment operates as a large, detached 2 bedroom 1 bath home with an attached garage and back yard area. The next structure is a single story duplex structure with 2 (1+1) units. At the back left side of the lot sits a detached single story structure which is a 1+1 apartment with attached garage and at the back right is a single story detached studio apartment. Tenants have an abundance of parking with 5 garages and carport parking. The front apartment has laundry hookups and the remaining apartments share a laundry room with owner owned machines. Additionally, the owners receive income from garage rentals. The location of the B Street apartments along with the highly desired single story, detached structures will allow this investment to flourish for any investor for years to come. Cap Rate and GRM are based on Proforma Rents. Call listing agent for a marketing package.
Location
State CA
County Orange
Area 71 - Tustin
Interior
Fireplace No
Laundry Common Area, Washer Hookup, Electric Dryer Hookup
Exterior
Garage Assigned
Garage Spaces 5.0
Carport Spaces 2
Garage Description 5.0
Pool None
Community Features Curbs
Utilities Available Sewer Available
Roof Type Tile
Parking Type Assigned
Total Parking Spaces 8
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Water Public
Level or Stories One
Others
Senior Community No
Tax ID 40156105
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Michael Arp • Investment Capital Real Estat