407 North Tustin Avenue

Anaheim, CA 92807

$1,180,000
Last Sold Price
6
Beds
6
Baths
3,413 Sq. Ft.
$346 / Sq. Ft.
3,413
Sq. Ft.
$346
per Sq. Ft.

Description

Great investment opportunity with long term tenants. All units are well maintained with a big lot of 9583 sqft and conveniently located near the 55 and 91 freeways. It's a very close proximity to Fullerton, Placentia, Orange, Yorba Linda, Villa Park, and Cerritos. This 4-plex has two 2bed 2bath downstairs with patios and two one bed one bath units upstairs units with balconies. Recent upgrades such as 80 gal water heater, newer paint, resurfaced kitchen cabinets , countertops, kitchen stoves, updated...Great investment opportunity with long term tenants. All units are well maintained with a big lot of 9583 sqft and conveniently located near the 55 and 91 freeways. It's a very close proximity to Fullerton, Placentia, Orange, Yorba Linda, Villa Park, and Cerritos. This 4-plex has two 2bed 2bath downstairs with patios and two one bed one bath units upstairs units with balconies. Recent upgrades such as 80 gal water heater, newer paint, resurfaced kitchen cabinets , countertops, kitchen stoves, updated windows, and roll up garage doors. The first 2bed 2 bath(unit A) has two car garage and the rest with one car garage. There are 5 additional parking behind the 5 garages. Also, many more parking on the street. Nice and roomy front lawn makes it feel right at home. Asking price is on the lower end compared to similar properties in OC.
  1. Listed by Tinh Lam • DRE #01332723 • Brokerage DRE #01332723 • I Realty & Funding

Property Details for 407 North Tustin Avenue

View
Hills
Parking Spaces Total
10
Private Pool
No
Cooling Type
Wall/Window
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3413

Location

Listing Courtesy of I Realty & Funding, Tinh Lam, DRE #01332723

Sold By Central Real Estate, Nora Ochoa, DRE #01228076

Add your commute
LISTING UPDATED: 03/02/2021 01:04 PM

Property Details for 407 North Tustin Avenue

StatusClosed
MLS #PW20236674
Days on Market37
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.22 AC / 9,583 SF
CountyOrange County

Location

Listing Courtesy of I Realty & Funding, Tinh Lam, DRE #01332723

Sold By Central Real Estate, Nora Ochoa, DRE #01228076

Add your commute

Building Information for 407 North Tustin Avenue

Stories2Residences-Year Built1964Building Size-Lot Size0.22 AC / 9,583 SF

Payment Calculator

$7,606 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,440

Property Taxes

$1,166

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 407 North Tustin Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $69,876
  • Gross Scheduled Income: $69,876
  • Vacancy Allowance: 1398
  • Vacancy Allowance Rate: 2
  • Gross Operating Income: $68,478
  • Net Operating Income: $49,652
  • Laundry Income: $65
  • Gross Multiplier: 16.46
  • Current Financing: Conventional
  • Financing: Conventional
Expense Details
  • Operating Expense: $18,826
  • New Taxes Expense: $12,650
  • Gardener Expense: $1,080
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $1,850
  • Maintenance Expense: $2,096
  • Maintenance Percent: 3.00%
  • Trash Expense: $0
  • Water Sewer Expense: $1,150
  • Total Expenses: $18,826
Tax / Assessment Info
  • Tax Tract Number: 4643
  • Tax Census Tract: 762.02
  • Tax Lot: 44
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Gas Range, Range Hood, Water Heater Central
  • Equipment: Community
  • Water Heater Features: Central Water Heater
  • Laundry: Yes
  • Laundry Features: Community
  • Laundry Equipment Own Lease: Lease
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Furnace
  • Flooring: Carpet, Laminate, Tile
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Materials: Drywall Walls, Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Shingle
  • View Description: Hills
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lawn, Lot 6500-9999, Sprinklers In Front
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Frontage Type: City Street
  • Levels: Two
  • Sewer: Public Sewer
  • Utilities: Cable Available, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking: No
  • Parking Garage: On street
  • Uncovered Spaces: 5
  • Open Other Spaces Total: 5
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
  • Parking Features: Street
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,460
  • Unit Type Total Rent: $1,460
  • Unit Type Pro Forma: 1850
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,408
  • Unit Type Total Rent: $1,408
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,550
  • Unit Type Total Rent: $1,550
  • Unit Type Pro Forma: 1550
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,340
  • Unit Type Total Rent: $1,340
  • Unit Type Pro Forma: 1500
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 4
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 407 North Tustin Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 407 North Tustin Avenue

Taxable ValueLand$1,098,496Additions$129,176Total$1,227,672
Tax Record2023$13,993 ($1,166 / month)
Home Facts
Total Finished SqFt3,413 SqFtAbove Grade Finished SqFt3,413 SqFtStories2Lot Size9,643 SqFtStyleQuadraplexYear Built1964CountyORANGEAPN360-264-05

Schools near 407 North Tustin Avenue

This home is within Orange Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Olive Elementary School
PublicK to 6

Cerro Villa Middle School
Public7 to 8

Villa Park High School
Public9 to 12

Richland Continuation High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of I Realty & Funding, Tinh Lam, DRE #01332723

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.