1370 San Juan St #1, Tustin, CA 92780
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1370 San Juan St #1 Tustin, CA 92780

$4,050,000 Sold Price as of 03/12/2021
  • 24 Beds
  • 18 Baths
  • 14,375 Sq.Ft.
Sold
$4,050,000 Sold Price as of 03/12/2021 Refinance Your Mortgage

Map preview of 1370 San Juan St #1, Tustin, CA 92780

Property Overview: 1370 San Juan St #1 Tustin, CA has 24 bedrooms, 18 bathrooms, 14,375 living square feet and 16,954 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: PRICE REDUCTION! Seller will meet the market. Once in a lifetime investment. 1370 San Juan St is a pride of ownership 9 unit condo style multifamily investment located in the city of Tustin, California. Just north of the 5 freeway in a quaint neighborhood located on the backside of Tustin High School off Redhill. This building takes advantage of being so close to the new development Tustin Cottage Townhomes. Each unit is individually parceled, zoned condominiums and can be sold as individual condos if a buyer chooses to do so. Mainly three bedroom 2.5 bath townhomes with 2 bedroom 2.5. bath townhomes, grade level garage parking with 2 spaces per unit (upside is to charge units $50 per space) and ample parking on the street. Very spacious units that include, private patios, washer and dryer hookups, family room fireplaces, central heat and air, granite counter tops, two story living and a gated community pool. More then half the units have already been upgraded. Rent survey shows a 25% upside on current rents. Drive by only. Do not disturb tenants and property showing will be done with submitted and accepted offer. If you have any questions or would like to submit an offer call Brendon Guichet (see agent contact info)

Listed by Eric Guichet | BRE #01239362 | South Coast Investment Prop.
Last checked: 9 minutes ago | Last updated: July 26th, 2022 | Source CRMLS | DOM: 139

Home details

Lot Sq. Ft
16,954
HOA Dues
$0/mo
Year built
1982
Garage
18 Car
Property Type:
Mixed Use
Status
Sold
MLS#
PW20194444
City
Tustin
County
Orange
Time on Site
1326 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
  • # of Leased Units: 9
  • # of Electric Meters: 9
  • # of Gas Meters: 9
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 6
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $6,010
  • Total Rent: $6,010
  • Pro Forma/Market Rent: $7,500
Unit Breakdown 2
  • # of Units: 6
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 12
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $14,200
  • Total Rent: $14,200
  • Pro Forma/Market Rent: $18,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.68%
  • Gross Rent Multiplier: 13.56
  • Gross Scheduled Income: $242,520
  • Net Operating Income: $166,639
  • Gross Operating Income: $235,244
  • Other Income 1: $750
Annual Expense Breakdown
  • Total Operating Expense: $68,906
  • Electric: $2,396
  • New Taxes: $43,747
  • Trash: $2,592
  • Gardener: $2,400
  • Insurance: $3,876
  • Maintenance: $5,900
  • Professional Management: $0
  • Water/Sewer: $4,195

Property Details for 1370 San Juan St #1

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Electric Dryer Hookup, Washer Hookup
Fireplace Information
  • Has Fireplace
  • Family Room
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • Has Pool
  • Pool Features: Private
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 18
  • # of Parking Spaces: 18
  • Has Parking
  • Parking Features: Community Structure
Lot Information
  • Lot Features: Landscaped
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 9
  • Parcel Number: 93262179
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: Other
  • Directions: San Juan St and Redhill
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Tustin Agent

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Sale History for 1370 San Juan St #1

Last sold for $4,050,000 on March 12th, 2021
  • March, 2022

  • Mar 15, 2022

    Date

    Active

    CRMLS: OC22051964

    $5,500,000

    Price

  • Listing provided courtesy of CRMLS

    Tuscan Villas Apartment Homes is a 9-unit multifamily investment property located at 1370 San Juan Street, Tustin, CA. This is a unique and rare opportunity to acquire in Tustin, a submarket with limited historical transactional velocity. Tuscan Villas Apartment Homes offers 10,608 net rentable square feet and features an attractive unit mix of 3, 2 bed / 2.5 bath units and 6, 3 bed / 2.5 bath units. The property offers a fantastic amenity package including a remote-controlled gated access parking garage, private balconies, in-unit laundry hookups, and a swimming pool. Furthermore, new ownership can take advantage of the property’s spacious lot to add additional dwelling units to further increase rental income (Buyer to verify with the city of Tustin). Additionally, each unit is built as a condo and is individually parceled, providing ownership with multiple exit strategies. Tuscan Villas Apartment Homes offers residents a premier Tustin location, situated adjacent to Tustin High School and within walking distance of Old Town Tustin. The property is within a 0.65-mile radius of El Camino Plaza, Tustin Plaza, Larwin Square, and Tustin Heights Shopping Center placing residents in close proximity to their everyday needs. The property also benefits from its close proximity to Interstate 5 and State Route 55, providing residents with convenient access to employment hubs throughout Orange County.

  • March, 2021

  • Mar 12, 2021

    Date

    Sold

    CRMLS: PW20194444

    $4,050,000

    Price

  • Feb 3, 2021

    Date

    Active Under Contract

    CRMLS: PW20194444

    $4,100,000

    Price

  • Sep 17, 2020

    Date

    Active

    CRMLS: PW20194444

    $4,100,000

    Price

  • September, 2020

  • Sep 11, 2020

    Date

    Canceled

    CRMLS: PW20156300

    $4,400,000

    Price

  • Aug 4, 2020

    Date

    Active

    CRMLS: PW20156300

    $4,400,000

    Price

  • Listing provided courtesy of CRMLS

    Once in a lifetime investment. This will go quickly. 1370 San Juan St is a pride of ownership 9 unit condo style multifamily investment located in the city of Tustin, California. Just north of the 5 freeway in a quaint neighborhood located on the backside of Tustin High School off Redhill. This building takes advantage of being so close to the new development Tustin Cottage Townhomes. Each unit is individually parceled, zoned condominiums and can be sold as individual condos if a buyer chooses to do so. Mainly three bedroom 2.5 bath townhomes with 2 bedroom 2.5. bath townhomes, grade level garage parking with 2 spaces per unit (upside is to charge units $50 per space) and ample parking on the street. Very spacious units that include, private patios, washer and dryer hookups, family room fireplaces, central heat and air, granite counter tops, two story living and a gated community pool. More then half the units have already been upgraded. Rent survey shows a 25% upside on current rents. Drive by only. Do not disturb tenants and property showing will be done with submitted and accepted offer. If you have any questions or would like to submit an offer call Brendon Guichet (see agent remarks).

  • August, 1999

  • Aug 2, 1999

    Date

    Sold (Public Records)

    Public Records

    $846,500

    Price

Show More

Tax History for 1370 San Juan St #1

Assessed Value (2020): $135,747
Year Land Value Improved Value Assessed Value
2020 $44,785 $90,962 $135,747

Home Value Compared to the Market

This property vs the competition

1370 San Juan St #1 sold on March 12, 2021 for 254.98% higher than the current median sold price for the city of Tustin which is $1,155,000. The median sold price per/sqft for Tustin is $649 and this home is sold at $285.22 per/sqft which puts the price per square foot 56.05% lower than the current median sale per square foot for the city of Tustin.

About 1370 San Juan St #1

Detailed summary of property

1370 San Juan St #1 is a mixed use that recently sold in Tustin, CA 92780. This mixed use property offered 24 bedrooms, 18 bathrooms, roughly 14,375 living square feet, and sits on an approximately 16,954 square foot lot. 1370 San Juan St #1 was first listed on ArdentRealEstateGroup.com on September 17, 2020. The homeowner sold the property for $4,050,000. Home in Tustin are selling for a median price of $1,155,000 and a median price per square foot of $649. Based on Ardent Real Estate Group's Tustin Market Data, this home is sold 254.98% higher than the current median priced home. Local homes that are currently for sale include 278 N 11th Ave, 1141 N Mission Rd and 4316 Edenhurst Ave. While the average home in Tustin, CA is selling in 23 days, 1370 San Juan St #1 has a days on market of 139 days. There are currently 78 homes for sale in the Tustin real estate market and 34 of them are single family homes while 30 of them are condos and 14 are townhomes. For more information on this home for sale at 1370 San Juan St #1 Tustin, CA 92780 contact Ardent Real Estate Group and we will put you in touch with one of our Tustin agents.

Public Facts for 1370 San Juan St #1

Public county record property details
Beds
3
Baths
2
Year built
1982
Sq. Ft.
1,235
Lot Size
--
Stories
--
Type
Condominium Unit (Residential)
Pool
No
Spa
No
County
Orange
Lot#
1
APN
932-621-79

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
$895,000
Median List Price/Sq.Ft.
$575
Median Sold Price
$1,200,000
Median Sold Price/Sq.Ft.
$624
Total Inventory
43
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.