14801 Newport Avenue presents an exceptional multifamily investment opportunity in the heart of Tustin, California. This five-unit, garden-style apartment building features two-bedroom, two-bathroom floor plans averaging 1,075 square feet. Recent capital improvements totaling over $124,000 include new HVAC systems in select units, updated stairs and doors, upgraded windows, plumbing, electrical, and modernized interiors, positioning the property for long-term value and minimal near-term maintenance. The property is ideally situated just off the 55 Freeway near the Newport and Sycamore Avenues intersection, with excellent visibility and easy access. Tenants enjoy proximity to major retail, coffee shops, and dining options, with prime positioning just 12 minutes south of Irvine. Each unit is individually metered for gas and electricity and offers access to a balcony or terrace, hardwood flooring, state-of-the-art appliances, and a reserved garage parking space. Additional amenities include an on-site laundry room with owner-owned washers and dryers. Investor appeal is enhanced by assumable financing with a fixed 3.25% interest rate through July 2028, providing an attractive opportunity in today’s high-rate environment. A dense and affluent population of over 624,000 residents lives within a five-mile radius of the property, representing an average household income nearing $124,000 annually. The well-maintained 14801 Newport Avenue offers stable in-place earnings and long-term upside in a supply-constrained market.