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$1,650,000
Est. payment /mo
6 Beds
4 Baths
3,480 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type All Other Attached
Listing Status Active
Purchase Type For Sale
Square Footage 3,480 sqft
Price per Sqft $474
MLS Listing ID PW25178180
Bedrooms 6
Full Baths 4
Year Built 1964
Property Sub-Type All Other Attached
Property Description
419 N Tustin Ave represents the opportunity to acquire a rare legacy asset in an excellent Orange County submarket. This well maintained 4-unit multifamily property is positioned in a prime location right on the border of the affluent communities of Orange and Anaheim Hills. Built in 1964, the building boasts an impressive 3,413 rentable square feet and is situated on a very large 9,737 square foot lot. In addition to the location, the property has a few characteristics that make it unique. The unit mix comprises of (2) 2 bed + 2 bath units averaging 1,000 SF and (2) 1 bed + 1 bath units averaging slightly more than 700 SF. There are 5 covered parking spaces and 5 open tandem spaces accommodating a total of 10 vehicles. There are also large storage rooms in the parking area that tenants can utilize. A significant amount of work has been done to upgrade the property including a newer roof, paint, stucco, dual pane windows and upgraded electrical panels. Three out of four units are rented to long term tenants. The fourth unit has undergone a complete renovation and will be delivered vacant at close of escrow providing flexibility for a buyer to either immediately move in or rent it for top of market rent.
Location
State CA
County Orange
Zoning RM
Direction Exit 91 Freeway at N Tustin Ave.
Interior
Interior Features Balcony
Fireplace No
Exterior
Parking Features Garage
Garage Spaces 5.0
View Y/N Yes
Water Access Desc Public
Building
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Others
Tax ID 36026403
Special Listing Condition Standard
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Listed by Justin White Justin White