1032 Bonita St - Apartments FOR SALE


Tustin, CA 92780
$2,775,000 USD
949-573-5309
1032 Bonita St, Tustin, CA for Sale
$2,775,000 USD
Apartments - FOR SALE
1/17
null | 5.03% Cap Rate

1032 Bonita St
Tustin, CA 92780


HIGHLIGHTS

  • Stabilized Asset
  • 5% Cap Rate
  • Brand New Sewer Line

OVERVIEW

This turnkey, pride-of-ownership asset in Tustin consists of six fully stabilized two-bedroom, one-bathroom units delivering exceptionally strong rental income. The entire property underwent extensive, fully permitted renovations in 2023, offering a modern, low-maintenance operational profile. Capital improvements are further enhanced by a brand-new main sewer line installed just this year. Situated in a highly desirable rental market, the property places tenants moments away from the historic dining and shopping of Old Town Tustin. Furthermore, the location provides seamless access to the 5 and 55 freeways, as well as the nearby Tustin District. This asset is perfectly positioned to deliver immediate, turn-key cash flow and long-term appreciation from day one.

FOR SALE DETAILS

PRICE

$2,775,000 USD

PRICE/SF

$567 USD /SF

# OF UNITS

6

PRICE/UNIT

$462,500

CAP RATE

5.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1032 Bonita

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

-

APN/PARCEL ID

500-151-16

ASK ABOUT THIS PROPERTY

Gregg HorvathR.L.M. EQUITIESMore Info
949-573-5309

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Gregg HorvathR.L.M. EQUITIESMore Info
949-573-5309

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.