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419 N Tustin Avenue

Anaheim, CA 92807

$1,300,000

Sold Price
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bed Beds

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1964

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Property Description

We are pleased to present, for the first time in almost 40 years, the opportunity to acquire 419 N Tustin Ave. Built in 1964, this well-maintained 4-unit apartment complex is 3,480 square feet situated on a massive 10,454 square foot lot. Bordering Anaheim Hills and the City of Orange, this property benefits from convenient access to local amenities and transportation hubs, including major employment centers and recreational facilities. The subject property is comprised of (2) 2-bed, 2-bath single-story units, each featuring only one shared wall and private patios, providing a sense of privacy and comfort for tenants. Additionally, there are two 1-bed, 1-bath units located above the carports, also with only one shared wall. Gas and electricity are separately metered for each unit, ensuring straightforward utility management. The property provides ample parking with five (5) carport spaces and five (5) uncovered tandem spaces, each equipped with storage rooms. There is an on-site laundry facility for the tenant's convenience. Exterior renovations include a brand-new roof, new windows, paint, plus much more. Interior renovations include 3 of the 4 units kitchens have been remodeled with new cabinets and countertops and new subpanels. 419 N Tustin Ave provides an investor with the opportunity to own an improved asset in one of the most desired rental neighborhoods and fastest growing markets in Southern California. The asset offers strong in-place income providing resistance to statewide rent control and has over 25% potential rental upside.

Listing Information

Close Price $1,300,000
Close Date Thursday, July 25th, 2024
Status Closed
MLS SB24139981
Type Residential Income
Subtype Apartment
Year Built 1964
Lot Size 10,454
Structure Size N/A
DOM 6
Courtesy Of Lyon Stahl Investment Real Estate, Inc.
Listing Agent Christopher Van Vuuren DRE#02060007

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

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$535,000

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straighten N/A
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king_bed N/A
shower N/A
straighten N/A
straighten 9,548
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king_bed 5
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straighten 7,915
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Listing information courtesy of: Christopher Van Vuuren, Lyon Stahl Investment Real Estate, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Jul 25th, 2024 at 9:02 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.