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419 Tustin Avenue
Anaheim, CA 92807
Sold
We are pleased to present, for the first time in almost 40 years, the opportunity to acquire 419 N Tustin Ave. Built in 1964, this well-maintained 4-unit apartment complex is 3,480 square feet situated on a massive 10,454 square foot lot. Bordering Anaheim Hills and the City of Orange, this property benefits from convenient access to local amenities and transportation hubs, including major employment centers and recreational facilities. The subject property is comprised of (2) 2-bed, 2-bath single-story units, each featuring only one shared wall and private patios, providing a sense of privacy and comfort for tenants. Additionally, there are two 1-bed, 1-bath units located above the carports, also with only one shared wall. Gas and electricity are separately metered for each unit, ensuring straightforward utility management. The property provides ample parking with five (5) carport spaces and five (5) uncovered tandem spaces, each equipped with storage rooms. There is an on-site laundry facility for the tenant's convenience. Exterior renovations include a brand-new roof, new windows, paint, plus much more. Interior renovations include 3 of the 4 units kitchens have been remodeled with new cabinets and countertops and new subpanels. 419 N Tustin Ave provides an investor with the opportunity to own an improved asset in one of the most desired rental neighborhoods and fastest growing markets in Southern California. The asset offers strong in-place income providing resistance to statewide rent control and has over 25% potential rental upside.
PROPERTY INFORMATION
| MLS # | SB24139981 | Lot Size | 10,454 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 1,350,000
Price Per SqFt: $ 388 |
DOM | 184 Days |
| Address | 419 Tustin Avenue | Type | Residential Income |
| City | Anaheim | Sq.Ft. | 3,480 Sq. Ft. |
| Postal Code | 92807 | Garage | N/A |
| County | Orange | Year Built | 1964 |
| Bed / Bath | 6 / 0 | Parking | 5 |
| Built In | 1964 | Status | Closed |
| Sold Date | 2024-07-25 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Community |
| Has Cooling | Yes |
| Cooling Information | Wall/Window Unit(s) |
| EntryLocation | side |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,440
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 07/25/2024 | Sold | $1,300,000 |
| 07/16/2024 | Active Under Contract | $1,350,000 |
| 07/09/2024 | Listed | $1,350,000 |
Carl Lofton II
REALTOR®
(949)-348-9564
Questions? Contact today.
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Listing provided courtesy of Christopher Van Vuuren, Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
