531 North Tustin Avenue, Unit 2

Santa Ana, CA 92705

$1,250,000
Last Sold Price
6
Beds
6
Baths
3,180 Sq. Ft.
$393 / Sq. Ft.
3,180
Sq. Ft.
$393
per Sq. Ft.

Description

Rarely available building in the Village Apartments, HOA. Tenants pay for all utilities and HOA pays for insurance and manages/leases the apartments. Rents are slightly under market, and cash flows well. Building contains 6 1 bedroom/1 bath units (originally studios, now with pony walls), with tuck under carports. Unique hands free opportunity. Only items owner pays is taxes and any repairs. Close to 55/22 freeways. Don't miss this great opportunity!Rarely available building in the Village Apartments, HOA. Tenants pay for all utilities and HOA pays for insurance and manages/leases the apartments. Rents are slightly under market, and cash flows well. Building contains 6 1 bedroom/1 bath units (originally studios, now with pony walls), with tuck under carports. Unique hands free opportunity. Only items owner pays is taxes and any repairs. Close to 55/22 freeways. Don't miss this great opportunity!
  1. Listed by Tony Regazzi • DRE #01003071 • Brokerage DRE #01527225 • Keller Williams Realty Brea/Fullerton
  2. Listed by Amir Pirbhoy • DRE #02047694 • Brokerage DRE #01527225 • Keller Williams Realty Brea/Fullerton

Property Details for 531 North Tustin Avenue, Unit 2

Parking Spaces Total
13
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Seller
Living Area
3180
Assessor Parcel Number
930-714-93
Property Attached YN
true

Location

Listing Courtesy of Keller Williams Realty Brea/Fullerton, Tony Regazzi, DRE #01003071; Keller Williams Realty Brea/Fullerton, Amir Pirbhoy, DRE #02047694

Sold By Keller Williams Realty Brea/Fullerton, Tony Regazzi, DRE #01003071

Add your commute
LISTING UPDATED: 05/25/2021 01:32 PM

Property Details for 531 North Tustin Avenue, Unit 2

StatusClosed
MLS #DW21047397
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1970
CountyOrange County

Location

Listing Courtesy of Keller Williams Realty Brea/Fullerton, Tony Regazzi, DRE #01003071; Keller Williams Realty Brea/Fullerton, Amir Pirbhoy, DRE #02047694

Sold By Keller Williams Realty Brea/Fullerton, Tony Regazzi, DRE #01003071

Add your commute

Building Information for 531 North Tustin Avenue, Unit 2

Building/Complex531 N Tustin AveFloor-Stories-Residences-Pet Policy-Year Built1970Building Size-

Payment Calculator

$8,099 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,822

Property Taxes

$1,277

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 531 North Tustin Avenue, Unit 2

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
  • Pets Allowed: Assoc Pet Rules, Call For Rules
Income / Expense / Tax Details
Income Details
  • Gross Income: $98,100
  • Gross Scheduled Income: $98,100
  • Net Operating Income: $79,416
  • Financing: Cash
Expense Details
  • Operating Expense: $18,684
  • New Taxes Expense: $15,625
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Professional Management Expense: $0
  • Other Expense: $18,684
  • Other Expense Description: HOA/Mgmt
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $34,309
Tax / Assessment Info
  • Tax Tract Number: 11921
  • Tax Census Tract: 755.04
  • Tax Lot: 1
Community / Development
Community / Development
  • Association Amenities: Pool, Spa/Hot Tub, Playground, Trash, Sewer, Water, Pet Rules, Management
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
  • Pool Features: Community
Land/Lot Info
  • Lot Features: Over 40 Units/Acre
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Frontage Type: City Street
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Carport
  • Parking Garage Spaces: 0
  • Carport Spaces: 13
  • Parking Features: Carport
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: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,325
  • Unit Type Total Rent: $1,325
  • Unit Type Pro Forma: 1525
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,375
  • Unit Type Total Rent: $1,375
  • Unit Type Pro Forma: 1525
  • 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: 0
  • Unit Type Actual Rent: $1,375
  • Unit Type Total Rent: $1,375
  • Unit Type Pro Forma: 1525
  • 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: 0
  • Unit Type Actual Rent: $1,375
  • Unit Type Total Rent: $1,375
  • Unit Type Pro Forma: 1525
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,375
  • Unit Type Total Rent: $1,375
  • Unit Type Pro Forma: 1525
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,350
  • Unit Type Total Rent: $1,350
  • Unit Type Pro Forma: 1525
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 6
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 531 North Tustin Avenue, Unit 2

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 531 North Tustin Avenue, Unit 2

Taxable ValueLand$1,082,016Additions$218,484Total$1,300,500
Tax Record2023$15,329 ($1,277 / month)
Home Facts
Total Finished SqFt3,168 SqFtAbove Grade Finished SqFt3,168 SqFtStyleMulti-Family Dwelling (2-4)Year Built1969CountyORANGEAPN930-714-93

Schools near 531 North Tustin Avenue, Unit 2

This home is within Tustin Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Helen Estock Elementary School
PublicK to 5

Columbus Tustin Middle School
Public6 to 8

Foothill High School
Public9 to 12

Tustin Connect
PublicK 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 Keller Williams Realty Brea/Fullerton, Tony Regazzi, DRE #01003071; Keller Williams Realty Brea/Fullerton, Amir Pirbhoy, DRE #02047694

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.