1071 Walnut St, Tustin, CA 92780
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1071 Walnut St Tustin, CA 92780

$3,500,000
  • 5 Beds
  • 3 Baths
  • -- Sq.Ft.
For Sale
$3,500,000 Get Pre-Qualified

Map preview of 1071 Walnut St, Tustin, CA 92780

Property Overview: 1071 Walnut St Tustin, CA has 5 bedrooms, 3 bathrooms, -- living square feet and 18,452 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 2 Houses on a 2 Lots. Huge 18,500 sf prime redevelopment site on an ideal City of Tustin Location. The full address is 1071 & 1073 Walnut St Tustin CA 92780.

Listed by Ljubco Angelov | BRE #01727380 | Crestico Realty
Last checked: 9 minutes ago | Last updated: March 17th, 2024 | Source CRMLS | DOM: 43
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Call/Text (714) 706-1823

Home details

Lot Sq. Ft
18,452
HOA Dues
$0/mo
Year built
--
Garage
1 Car
Property Type:
Multi Family
Status
Active
MLS#
24366847
City
Tustin
County
Orange
Time on Site
54 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $6,000
  • Total Rent: $6,000
  • Pro Forma/Market Rent: $8,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $4,000
  • Total Rent: $4,000
  • Pro Forma/Market Rent: $4,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 23
  • Gross Scheduled Income: --
  • Net Operating Income: $100,000
  • Gross Operating Income: $150,000
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1071 Walnut St

Interior Features
Heating Information
  • Has Heating
  • Central
Kitchen Information
  • Has Appliances
Interior Features
  • Ceiling Fan(s)
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Pull-through, RV Potential, Side by Side, Parking Space, Guest, Oversized, Unassigned, Private, Concrete, Gravel
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 2
  • Parcel Number: 50015323
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: 5 fwy to Newport Ave to Walnut St
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Local Tustin Agent

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Sale History for 1071 Walnut St

Last sold for $603,000 on July 16th, 2020
  • March, 2024

  • Mar 9, 2024

    Date

    Active

    CRMLS: 24366847

    $3,500,000

    Price

  • July, 2020

  • Jul 16, 2020

    Date

    Sold (Public Records)

    Public Records

    $603,000

    Price

  • February, 2018

  • Feb 27, 2018

    Date

    Expired

    CRMLS: 16127698

    $459,000

    Price

  • Feb 26, 2018

    Date

    Withdrawn

    CRMLS: 16127698

    $459,000

    Price

  • May 15, 2017

    Date

    Pending

    CRMLS: 16127698

    $459,000

    Price

  • May 13, 2017

    Date

    Active

    CRMLS: 16127698

    $459,000

    Price

  • Jan 16, 2017

    Date

    Withdrawn

    CRMLS: 16127698

    $459,000

    Price

  • Jan 16, 2017

    Date

    Active

    CRMLS: 16127698

    $459,000

    Price

  • Jan 6, 2017

    Date

    Hold

    CRMLS: 16127698

    $459,000

    Price

  • May 22, 2016

    Date

    Price Change

    CRMLS: 16127698

    $459,000

    Price

  • Listing provided courtesy of CRMLS

    Conviniently located in Tustin, close to the freeways, stores and schools.

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Tax History for 1071 Walnut St

Assessed Value (2020): $821,916
Year Land Value Improved Value Assessed Value
2020 $717,666 $104,250 $821,916

Home Value Compared to the Market

This property vs the competition

1071 Walnut St is listed 218.18% higher than the median list price for the city of Tustin which has a median list price of $1,100,000.

About 1071 Walnut St

Detailed summary of property

1071 Walnut St is a multi family located in Tustin, CA 92780 and is currently for sale. This multi family property offers 5 bedrooms, 3 bathrooms, roughly -- living square feet, and sits on an approximately 18,452 square foot lot. 1071 Walnut St was first listed on ArdentRealEstateGroup.com on March 9, 2024. The homeowner is currently asking $3,500,000. The median priced home in Tustin is $1,100,000 with a median price per square foot of $640. Based on Ardent Real Estate Group's Tustin Market Data, this home is listed 218.18% higher than the median priced home. Local competing homes currently for sale include 1321 W Bay Ave, 1321 W Bay Ave and 507 29th St. While the average home in Tustin, CA is selling in 22 days, 1071 Walnut St has a days on market of 43 days. There are currently 75 homes for sale in the Tustin real estate market and 33 of them are single family homes while 28 of them are condos and 14 are townhomes. For more information on this home for sale at 1071 Walnut St Tustin, CA 92780 contact Ardent Real Estate Group and we will put you in touch with one of our Tustin agents.

Public Facts for 1071 Walnut St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
18,023
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Orange
Lot#
--
APN
500-153-23

The source for these homes facts are from public records.

92780 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$780,000
Median List Price/Sq.Ft.
$590
Median Sold Price
$1,200,000
Median Sold Price/Sq.Ft.
$624
Total Inventory
40
Median Sale to List Price %
101.27%
Avg Days on Market
16
Loan Type
Conventional (57.14%), FHA (9.52%), VA (0%), Cash (14.29%), Other (19.05%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.