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Key Details
Sold Price $1,299,900
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Other (Othr)
MLS Listing ID OC19171360
Sold Date 10/31/19
HOA Y/N No
Year Built 1964
Lot Size 0.280 Acres
Acres 0.28
Property Description
First time on the market since 1984. Well located, value-add opportunity of four units in the desirable Tustin apartment submarket. Building is approximately 4700 rentable square feet. The last sale of a comparable 4-plex located just around the corner on Scherer Place closed at $1,337,500 in April of 2019.
The Carfax property is comprised of (2) spacious single level 2-bedroom, 2-bathroom units;(1) 2-bedroom, 1.5 bathroom townhouse and (1) very large 3-bedroom, 1.5 bathroom townhouse style unit. All have large private yards, forced air heat and A/C, and separate hot water heaters. There is community laundry. Three of the four units have fireplaces. There are two double garages, with eight open off-street spaces. Unit interiors are very clean and in basically original condition; the roof has seen its useful life and seller is aware of that condition. Unit C is a 37-year resident and is vacating 7/31. The new rental rate will be ~$2300.
Seller is motivated and looking for offers!!
Location
State CA
County Orange
Area 71 - Tustin
Rooms
Ensuite Laundry Common Area
Interior
Interior Features Ceiling Fan(s), All Bedrooms Up
Laundry Location Common Area
Heating Central
Cooling Central Air
Flooring Carpet, Vinyl
Fireplaces Type Living Room
Fireplace Yes
Appliance Dishwasher, Electric Oven, Electric Range
Laundry Common Area
Exterior
Garage Assigned
Garage Spaces 4.0
Garage Description 4.0
Fence Block, Chain Link
Pool None
Community Features Storm Drain(s), Suburban, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Composition
Parking Type Assigned
Total Parking Spaces 12
Private Pool No
Building
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Traditional
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 43214303
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Steven Brombal • Kidder Mathews of California
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