Tustin, CA 92780,140 S B ST
$925,000
Est. payment /mo
$969,000
4.5%
Est.Price: ?

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0.34 Acres Lot
SOLD DATE : 11/20/2014

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

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California Regional MLS (CRMLS)
Listed by Michael Arp • Investment Capital Real Estate
Bought with Michael Arp • Investment Capital Real Estat

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Max Chuong Thai

+1(323) 309-3423

Agent | License ID: 02134406

Agent License ID: 02134406

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