1370 San Juan Street, Tustin, CA 92780

$4,100,000
14,375
SqFt
List Price
$4,100,000
Status
ACTIVE
MLS#
PW20194444
Year Built
1982
Living Sq. Ft
14,375
Lot Size
16,954
Acres
0.3892
Lot Location
Landscaped
Days on Market
42
Property Type
Multifamily
Property Sub Type
Commercial/Residential
Stories
Two Levels
Builders Tract Code
Other
Neighborhood
Other (Othr)

Property Description

PRICE REDUCTION! Seller will meet the market. Once in a lifetime investment. 1370 San Juan St is a pride of ownership 9 unit condo style multifamily investment located in the city of Tustin, California. Just north of the 5 freeway in a quaint neighborhood located on the backside of Tustin High School off Redhill. This building takes advantage of being so close to the new development Tustin Cottage Townhomes. Each unit is individually parceled, zoned condominiums and can be sold as individual condos if a buyer chooses to do so. Mainly three bedroom 2.5 bath townhomes with 2 bedroom 2.5. bath townhomes, grade level garage parking with 2 spaces per unit (upside is to charge units $50 per space) and ample parking on the street. Very spacious units that include, private patios, washer and dryer hookups, family room fireplaces, central heat and air, granite counter tops, two story living and a gated community pool. More then half the units have already been upgraded. Rent survey shows a 25% upside on current rents. Drive by only. Do not disturb tenants and property showing will be done with submitted and accepted offer. If you have any questions or would like to submit an offer call Brendon Guichet (see agent contact info)

Additional Information

Tract Number
11282
Lot Description
Curbs, Sidewalks
Pool
Yes
Pool Description
Private
Fireplace Description
Family Room
Heat
Central
Cooling
Yes
Cooling Description
Central Air
Garage Spaces Total
18
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
9
Gross Scheduled Income
$242,520
Operating Expense
68906
Unit One Total Units
3
Unit One Beds
2
Unit One Baths
2
Unit One Garage Spaces
6.00
Unit One Actual Rent
6010.00
Unit One Total Rent
6010.00
Unit One Pro Forma
7500
Unit One Furnished
Unfurnished
Unit Two Total Units
6
Unit Two Beds
3
Unit Two Baths
2
Unit Two Garage Spaces
12.00
Unit Two Actual Rent
14200.00
Unit Two Total Rent
14200.00
Unit Two Pro Forma
18000
Unit Two Furnished
Unfurnished

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Eric Guichet from South Coast Investment Prop.

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.