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

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Listing 1 out of 2
$4,500,000 For Sale

17062 Altadena Drive
Tustin, CA 92780

14 units | Multi Family Home
0.7763 acres - MLS# PW19076335
Property Photo
1/9

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!)

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 92780
  • Year Built: 1964
  • Units: 14 units
  • # of Parking Spaces: 28.00
  • Fireplace: See Remarks, Yes
  • Lot Size: 0.7763 acres
  • Area: 71 - Tustin
  • Average 2 Bed Area: 980
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area: 1350
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 15184.00
  • Building Area Units: Square Feet
  • Cap Rate: 4.23
  • Common Walls: 2+ Common Walls
  • Community Features: Curbs, Sidewalks, Street Lights
  • Cooling: Wall/Window Unit(s)
  • Cooling YN: Yes
  • Country: US
  • Directions: W/Pasadena, S/McFadden
  • Electric Expense: 1434.00
  • Fuel Expense: 3919.00
  • Garage Spaces: 14.00
  • Gardener Expense: 3000.00
  • Gross Income: 286920.00
  • Gross Multiplier: 15.30
  • Gross Operating Income: 285296.00
  • Gross Scheduled Income: 294120.00
  • Heating: Central
  • Heating YN: Yes
  • Inclusions: Laundry Equipment
  • Insurance Expense: 6062.00
  • Laundry Equipment Own Lease: Own
  • Laundry Features: Community
  • Laundry Income: 835.00
  • Laundry YN: Yes
  • Listing Agent License: 00444723
  • Listing Office License: 00444723
  • Lot Features: Lot 20000-39999 Sqft, Sprinkler System
  • Lot Size Area: 33815.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Maintenance Expense: 14290.00
  • Net Operating Income: 190402.00
  • New Taxes Expense: 52575.00
  • Number Of Buildings: 3
  • 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
  • Operating Expense: 94894.00
  • Operating Expense Percent: 32.00
  • Parking Features: Assigned
  • Parking YN: Yes
  • Property Attached YN: Yes
  • Sewer: Public Sewer
  • Total Actual Rent: 23675.00
  • Total Expenses: 94894.00
  • Trash Expense: 4694.00
  • Uncovered Spaces: 14.00
  • Water Sewer Expense: 8420.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Bill Bailey Broker, Bill Bailey



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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