419 N Tustin Ave - Apartments FOR SALE


Anaheim, CA 92807- Anaheim Hills
$1,650,000 USD
562-269-4844
419 N Tustin Ave, Anaheim, CA for Sale
$1,650,000 USD
Apartments - FOR SALE
1/14
null | 3.83% Cap Rate

419 N Tustin Ave
Anaheim, CA 92807
Anaheim Hills


HIGHLIGHTS

  • Excellent location on the border of Orange and Anaheim Hills
  • (2) 2 bed + 2 bath single-story units and (2) 1 bed + 1 bath units
  • Giant 9,737 square foot lot
  • No units above or below each other
  • Newer roof, paint, stucco, dual pane windows and upgraded electrical panels
  • Covered and uncovered parking for 10 vehicles plus large storage rooms

OVERVIEW

419 N Tustin Ave represents the opportunity to acquire a rare legacy asset in an excellent Orange County submarket. This well maintained 4-unit multifamily property is positioned in a prime location right on the border of the affluent communities of Orange and Anaheim Hills. Built in 1964, the building boasts an impressive 3,413 rentable square feet and is situated on a very large 9,737 square foot lot. In addition to the location, the property has a few characteristics that make it unique. The unit mix comprises of (2) 2 bed + 2 bath units averaging 1,000 SF and (2) 1 bed + 1 bath units averaging slightly more than 700 SF. There are 5 covered parking spaces and 5 open tandem spaces accommodating a total of 10 vehicles. There are also large storage rooms in the parking area that tenants can utilize. A significant amount of work has been done to upgrade the property including a newer roof, paint, stucco, dual pane windows and upgraded electrical panels. Three out of four units are rented to long term tenants. The fourth unit has undergone a complete renovation and will be delivered vacant at close of escrow providing flexibility for a buyer to either immediately move in or rent it for top of market rent.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$483 USD /SF

# OF UNITS

4

PRICE/UNIT

$412,500

CAP RATE

3.83%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4-Unit with 1 Vacant Remodeled Unit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,737 SF

ZONING

RM-4

APN/PARCEL ID

360-264-03

ASK ABOUT THIS PROPERTY

Michael AlperCentennial AdvisersMore Info
562-269-4844

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Michael AlperCentennial AdvisersMore Info
562-269-4844

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