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14001 Newport Ave, Tustin, CA 92780
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14001 Newport Ave Tustin, CA 92780

$3,558,500 Sold Price as of 04/04/2022
  • -- Beds
  • -- Baths
  • 7,500 Sq.Ft.
Sold
$3,558,500 Sold Price as of 04/04/2022 Refinance Your Mortgage
Map preview of 14001 Newport Ave, Tustin, CA 92780

Property Overview: 14001 Newport Ave Tustin, CA has -- bedrooms, -- bathrooms, 7,500 living square feet and 27,556 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Offering for sale is the Makena Square, a multiple tenant NET leased strip plaza in Tustin, California. This property consists of approximately 7,500 square feet, which is 100% leased to a mix of six tenants. Tenants include dental office, aesthetic medicine /beauty center, restaurant, nail salon and tea shop. Well maintained property was built in 2010 and boasts an excellent visibility from the I-5 Northbound lanes, with Heavy vehicle traffic counts and foot traffic from Tustin High School. Located at the gateway to the flourishing Old Town Tustin with trendy restaurants and professional office buildings. Well established and stable tenants with desired extension of longer lease terms. Potential for future increase on the rental income. Enjoy visiting this beautifully designed plaza. An ideal investment property indeed.

Listed by Ching Sze Louie | BRE #00938644 | Louie Properties, Inc.
Last checked: 12 minutes ago | Last updated: April 8th, 2022 | Source CRMLS | DOM: 88

Home details

Lot Sq. Ft
27,556
HOA Dues
$0/mo
Year built
2010
Garage
--
Property Type:
Retail
Status
Sold
MLS#
AR21224419
City
Tustin
County
Orange
Time on Site
953 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 1
  • # of Leased Units: 6
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $172,282
  • Net Operating Income: $54,995
  • Gross Operating Income: --
  • Vacancy Allowance: $0
  • Laundry Income: $0
  • Other Income 1: $0
Annual Expense Breakdown
  • Total Operating Expense: $117,286
  • Electric: $2,208
  • Trash: $5,577
  • Insurance: $2,948
  • Maintenance: $118
  • Professional Management: $8,057
  • Water/Sewer: $4,954

Property Details for 14001 Newport Ave

Interior Features
Laundry Information
  • None
Exterior Features
Exterior Information
  • Roof: Flat
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Level
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 40164111
  • Year Built Source: Builder
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Available, Sewer Available, Water Available
Location / Neighborhood
Location Information
  • Directions: Newport Ave. from Highway 5, corner of Newport Ave & El Camino
View more facts & features

Local Tustin Agent

Sale History for 14001 Newport Ave

Last sold for $3,558,500 on April 4th, 2022

  • January, 2022

  • Jan 13, 2022

    Date

    Active Under Contract

    CRMLS: AR21224419

    $3,900,000

    Price

  • Jan 6, 2022

    Date

    Pending

    CRMLS: AR21224419

    $3,900,000

    Price

  • Oct 9, 2021

    Date

    Active

    CRMLS: AR21224419

    $3,900,000

    Price

  • April, 2021

  • Apr 15, 2021

    Date

    Expired

    CRMLS: PW20217278

    $56,900

    Price

  • Dec 1, 2020

    Date

    Price Change

    CRMLS: PW20217278

    $56,900

    Price

  • Nov 6, 2020

    Date

    Price Change

    CRMLS: PW20217278

    $59,900

    Price

  • Oct 14, 2020

    Date

    Active

    CRMLS: PW20217278

    $64,999

    Price

  • Oct 14, 2020

    Date

    Coming Soon

    CRMLS: PW20217278

    $64,999

    Price

  • Listing provided courtesy of CRMLS

    MUST SEE !!! GOOD LOCATION. Beautiful, remodeled nail salon of 1,235 sqft, 12 lounge chairs, 4 nail tables, automated appointment scheduling system, 1 facial room, lunch room. Rent $3,900 ( NNN not included), lease over 2 year plus 5 year option. Close to high school, shopping, freeway. On the busy street, the owner wants to move. GREAT PRICE FOR INVESTMENT !!!

  • June, 2010

  • Jun 3, 2010

    Date

    Sold (Public Records)

    Public Records

    $4,050,000

    Price

  • May, 2004

  • May 24, 2004

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 14001 Newport Ave

Assessed Value (2020): $4,785,016
Year Land Value Improved Value Assessed Value
2020 $2,478,621 $2,306,395 $4,785,016

Home Value Compared to the Market

This property vs the competition

14001 Newport Ave sold on April 4, 2022 for 237.66% 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 $520 per/sqft which puts the price per square foot 19.88% lower than the current median sale per square foot for the city of Tustin.

About 14001 Newport Ave

Detailed summary of property

14001 Newport Ave is a retail that recently sold in Tustin, CA 92780. This retail property offered -- bedrooms, -- bathrooms, roughly 7,500 living square feet, and sits on an approximately 27,556 square foot lot. 14001 Newport Ave was first listed on ArdentRealEstateGroup.com on October 9, 2021. The homeowner sold the property for $3,558,500. 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 237.66% higher than the current median priced home. While the average home in Tustin, CA is selling in 23 days, 14001 Newport Ave has a days on market of 88 days. There are currently 91 homes for sale in the Tustin real estate market and 44 of them are single family homes while 31 of them are condos and 16 are townhomes. For more information on this home for sale at 14001 Newport Ave Tustin, CA 92780 contact Ardent Real Estate Group and we will put you in touch with one of our Tustin agents.

Public Facts for 14001 Newport Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
27,555
Stories
--
Type
Commercial (General)
Pool
No
Spa
No
County
Orange
Lot#
--
APN
401-641-11

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
$999,000
Median List Price/Sq.Ft.
$593
Median Sold Price
$1,200,000
Median Sold Price/Sq.Ft.
$624
Total Inventory
50
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%)

Thinking of Selling?

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(714) 706-1823

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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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