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1162 Scherer Pl, Tustin, CA 92780
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1162 Scherer Pl Tustin, CA 92780

$1,337,500 Sold Price as of 04/26/2019
  • 9 Beds
  • 8 Baths
  • 4,699 Sq.Ft.
Sold
$1,337,500 Sold Price as of 04/26/2019 Refinance Your Mortgage
Map preview of 1162 Scherer Pl, Tustin, CA 92780

Property Overview: 1162 Scherer Pl Tustin, CA has 9 bedrooms, 8 bathrooms, 4,699 living square feet and 12,197 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Lovely four unit in Tustin. Well maintained very large 4-plex on an oversized lot. 3 fireplaces, 5 patios. These models are rarely available. This is a Standard Sale in a good neighborhood. Great schools. Data numbers and cap rate deemed reliable but not guaranteed.

Listed by Matthew Hoyt | BRE #01426139 | Hoyt Real Estate, Inc.
Last checked: 40 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 144

Home details

Lot Sq. Ft
12,197
HOA Dues
$0/mo
Year built
1964
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW18270565
City
Tustin
County
Orange
Time on Site
1509 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,875
  • Total Rent: $1,875
  • Pro Forma/Market Rent: $2,195
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,622
  • Total Rent: $4,865
  • Pro Forma/Market Rent: $5,685
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $82,680
  • Net Operating Income: $60,701
  • Gross Operating Income: --
  • Laundry Income: $1,800
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $21,979
  • Electric: $360
  • Gas/Fuel: $0
  • New Taxes: $14,857
  • Trash: $936
  • Insurance: $1,645
  • Water/Sewer: $2,400

Property Details for 1162 Scherer Pl

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 10
Lot Information
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 43213111
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: None
  • Directions: Walnut to Del Amo
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Tustin Agent

Sale History for 1162 Scherer Pl

Last sold for $1,337,500 on April 26th, 2019

  • April, 2019

  • Apr 29, 2019

    Date

    Sold

    CRMLS: PW18270565

    $1,337,500

    Price

  • Apr 5, 2019

    Date

    Pending

    CRMLS: PW18270565

    $1,399,000

    Price

  • Nov 18, 2018

    Date

    Price Change

    CRMLS: PW18270565

    $1,399,000

    Price

  • Nov 9, 2018

    Date

    Active

    CRMLS: PW18270565

    $1,415,000

    Price

  • April, 2019

  • Apr 26, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,337,500

    Price

  • January, 2015

  • Jan 12, 2015

    Date

    Sold (Public Records)

    Public Records

    $1,060,000

    Price

Show More

Tax History for 1162 Scherer Pl

Assessed Value (2020): $1,364,250
Year Land Value Improved Value Assessed Value
2020 $1,162,233 $202,017 $1,364,250

Home Value Compared to the Market

This property vs the competition

1162 Scherer Pl sold on April 26, 2019 for 3.63% higher than the current median sold price for the city of Tustin which is $1,350,000. The median sold price per/sqft for Tustin is $720 and this home is sold at $297.72 per/sqft which puts the price per square foot 58.65% lower than the current median sale per square foot for the city of Tustin.

About 1162 Scherer Pl

Detailed summary of property

1162 Scherer Pl is a multi family that recently sold in Tustin, CA 92780. This multi family property offered 9 bedrooms, 8 bathrooms, roughly 4,699 living square feet, and sits on an approximately 12,197 square foot lot. 1162 Scherer Pl was first listed on ArdentRealEstateGroup.com on July 21, 2020. The homeowner sold the property for $1,337,500. Home in Tustin are selling for a median price of $1,350,000 and a median price per square foot of $720. Based on Ardent Real Estate Group's Tustin Market Data, this home is sold 3.63% higher than the current median priced home. Local homes that are currently for sale include 912 W 18th St, 12936 Adelle St and 1827 W Gramercy Ave. While the average home in Tustin, CA is selling in 29 days, 1162 Scherer Pl has a days on market of 144 days. There are currently 98 homes for sale in the Tustin real estate market and 54 of them are single family homes while 25 of them are condos and 19 are townhomes. For more information on this home for sale at 1162 Scherer Pl Tustin, CA 92780 contact Ardent Real Estate Group and we will put you in touch with one of our Tustin agents.

Public Facts for 1162 Scherer Pl

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
4,699
Lot Size
12,217
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
29
APN
432-131-11

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
$1,100,000
Median List Price/Sq.Ft.
$641
Median Sold Price
$1,230,000
Median Sold Price/Sq.Ft.
$720
Total Inventory
59
Median Sale to List Price %
98.4%
Avg Days on Market
19
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (40%), Other (10%)

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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.

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