17062 Altadena Drive

    Tustin, CA 92780
    • $4,500,000
    • STATUS: Active Under Contract
    • ON SITE: 190 days
    • ID#: PW19076335
    Under Contract
    UPDATED: 49 min ago
    $4,500,000
    • 0
      BEDS
    • 0.78
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,184
      SQFT
    • $296
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:
    Area:

    School Ratings & Info

    Description

    These Apartment Homes are Always Rented! Great Tustin Location with Easy Access to the 55 Freeway, Tustin Commuter Rail(Orange County, Inland Empire-Orange County Lines) and OCTA Busses. Strong Rental Market with Easy to Rent 2 & 3 BRs. Each Unit has an Individual Single Garage, Parking Space, and a Yard, Balcony or Deck! This well kept Income Property has all New Double Pane Windows. Flooring consists of Porcelain Tile, Wood Look Vinyl, and Carpet Flooring. Kitchen Counters are some Granite, some Ceramic Tile with Free Standing Range and Ovens on Wood Cabinets. The Laundry Equipment is Owned and Included. Most Units have New Air Conditioners. All units have Individual Gas and Electric Meters. Residents Love Living Here! Some have been in their Homes for over 20 Years! A Solid Investment Property. (Don't miss the New Updated Offering Memorandum in Supplements Section!)

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-13T16:32:59.393. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.
    www.sellinglasouthbay.com/homes/93435241

    17062 Altadena Drive Tustin, CA 92780

    • Price: $4,500,000
    • Status: Active Under Contract
    • Updated: 49 min ago
    • ID#: PW19076335
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.78
    Acres
    15,184
    SQFT
    $296
    $/SQFT
    1964
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    71 - Tustin
    Property Description
    These Apartment Homes are Always Rented! Great Tustin Location with Easy Access to the 55 Freeway, Tustin Commuter Rail(Orange County, Inland Empire-Orange County Lines) and OCTA Busses. Strong Rental Market with Easy to Rent 2 & 3 BRs. Each Unit has an Individual Single Garage, Parking Space, and a Yard, Balcony or Deck! This well kept Income Property has all New Double Pane Windows. Flooring consists of Porcelain Tile, Wood Look Vinyl, and Carpet Flooring. Kitchen Counters are some Granite, some Ceramic Tile with Free Standing Range and Ovens on Wood Cabinets. The Laundry Equipment is Owned and Included. Most Units have New Air Conditioners. All units have Individual Gas and Electric Meters. Residents Love Living Here! Some have been in their Homes for over 20 Years! A Solid Investment Property. (Don't miss the New Updated Offering Memorandum in Supplements Section!)
    Exterior Features

    Garage Spaces 14.00 Lot Features Lot 20000-39999 SqftSprinkler System Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 28.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 980 Average2 Bed Area Units Square Feet Average3 Bed Area 1350 Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features See Remarks Fireplace YN Yes Heating Central Heating YN Yes Laundry Features Community

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.23 Community Features CurbsSidewalksStreet Lights Country Us Electric Expense 1434.00 Elevation Units Feet Fuel Expense 3919.00 Gardener Expense 3000.00 Gross Income 286920.00 Gross Multiplier 15.30 Gross Operating Income 285296.00 Gross Scheduled Income 294120.00 Inclusions Laundry Equipment Insurance Expense 6062.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry Income 835.00 Laundry YN Yes Maintenance Expense 14290.00 Net Operating Income 190402.00 New Construction YN No New Taxes Expense 52575.00 Number Of Separate Electric Meters 14 Number Of Separate Gas Meters 14 Number Of Separate Water Meters 3 Number Of Units Leased 14 Number Wall AC 14 Number With Dishwasher 14 Number With Disposal 14 Number With Range 14 Number With Refrigerator 0 Operating Expense 94894.00 Operating Expense Percent 32.00 Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Sprinklers YN Yes Subdivision Name Other None Tenant Pays ElectricityGas Total Actual Rent 23675.00 Total Expenses 94894.00 Trash Expense 4694.00 Vacancy Allowance 8824 Vacancy Allowance Rate 3.00 Water Sewer Expense 8420.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Bill Bailey of Bill Bailey Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-13T16:32:59.393. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty, LA Harbor. Licensed in the State of California, USA.
     
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    Rancho Palos Verdes CA, 90731