Rare opportunity to own a turn key multifamily asset in Tustin. Major renovation completed on all interiors so maintenance costs are minimal. 2022 financials demonstrated an amazing 4.7% cap rate - in progress rent increases will push this to 5.0% (proforma 5.6%). Strong rental area walking distance to commercial corridor (walk score 76). This is the only multifamily property for sale in the area. Pride of ownership in this triplex building.No expense spared in building remodel. Spacious units feature patios and balconies. New shower and tub surrounds, new windows, new flooring, new doors, new cabinets, quartz countertops, undermount sinks, garbage disposals, security doors, new FAUs, paint, ceiling fans even the exterior stairs have been rebuilt. Building has been replumbed with PEX.Private garages for each unit, plus one extra. Corner location provides for an extra large parking lot. Onsite coin-op laundry room drives additional income for owner. Private storage room for owner use.Drive by only! Do not disturb tenants.
OC23002139
Residential Income - Triplex, 2 Story
1963
Orange
0.18
Acres
Public
2
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
Walk Score
Transit Score
Bike Score
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