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Martin & Laura Uribe
DRE # 01708896 | 01708895
First Team Real Estate
949-400-6052

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Listing 2 out of 2
$5,400,000 Pending

15981 S Myrtle Avenue
Tustin, CA 92780

16 units | Multi Family Home
0.7333 acres - MLS# OC19068032
Property Photo
1/23

Description

The Myrtle Avenue Apartment Homes is a Pride of Ownership, 16 unit multi-family investment property located in the strong rental market of Tustin, California within the Greater Orange County area. The property has a desirable unit mix consisting of (9) two bedroom/ one bathroom units, (1) two bedroom/ one and one half bathrooms units, (2) two bedroom/ two bathroom, and (4) three bedroom/ two bathroom units totaling 17,678 square feet situated on a 31,941 square foot lot. Built in 1964, the property offers amenities including on-site laundry facilities, private patios, balconies, and enclosed garages. The property has recently gone through extensive interior and exterior renovations. This offering represents a rare opportunity for an investor to acquire a Pride of Ownership, stable investment in the desirable rental market of Tustin. The location offers high visibility in an area known for its strong tenancy, good rent growth, and a historically high occupancy rate.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Pending
  • Zip Code: 92780
  • Year Built: 1964
  • Stories: Two
  • Units: 16 units
  • # of Parking Spaces: 16.00
  • Lot Size: 0.7333 acres
  • Area: 699 - Not Defined
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 17678.00
  • Building Area Units: Square Feet
  • Community Features: Sidewalks, Storm Drains, Street Lights
  • Country: US
  • Directions: Please do not disturb tenants. Make all offers subject to inspection.
  • Electric Expense: 5000.00
  • Fuel Expense: 5000.00
  • Garage Spaces: 12.00
  • Gardener Expense: 2400.00
  • Gross Income: 360720.00
  • Gross Scheduled Income: 352920.00
  • Insurance Expense: 5948.00
  • Laundry Features: Community
  • Laundry YN: Yes
  • Listing Agent License: 01365951
  • Listing Office License: 00530854
  • Lot Features: Landscaped, Near Public Transit
  • Lot Size Area: 31941.0000
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 243050.00
  • New Taxes Expense: 60000.00
  • Number Of Buildings: 4
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 1
  • Operating Expense: 106848.00
  • Other Income1: 7800.00
  • Parking Features: Driveway, Garage, On Site, Street
  • Sewer: Public Sewer
  • Stories Total: 2
  • Total Expenses: 106848.00
  • Trash Expense: 5000.00
  • Uncovered Spaces: 4.00
  • Water Sewer Expense: 5000.00
  • Water Source: Public
  • Year Built Source: Public Records
Courtesy of Marcus & Millichap Re Invest, Greg Bassirpou



MARTIN & LAURA URIBE | 949-400-6052 | Contact Us
DRE # 01708896 | 01708895

First Team Real Estate - 4040 Barranca Pkwy., Ste 100 - Irvine, CA 92604
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