15825 S Myrtle Ave, Tustin, CA 92780
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15825 S Myrtle Ave Tustin, CA 92780

$1,660,000
  • 7 Beds
  • 5 Baths
  • 3,130 Sq.Ft.
For Sale
$1,660,000 Get Pre-Qualified

Map preview of 15825 S Myrtle Ave, Tustin, CA 92780

Property Overview: 15825 S Myrtle Ave Tustin, CA has 7 bedrooms, 5 bathrooms, 3,130 living square feet and 7,841 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: Very good location, core location and value in Tustin, very good tenants, pay rent on time every month, the government subsidizes rent on time every month, holidays are paid to Owner account in advance, you can make rich cover loan payments, the house is in very good condition . It has been well maintained and the exterior walls were renovated last year. An opportunity to own a turnkey multifamily asset in Tustin.

Listed by Rongrong Jin | BRE #02065113 | JC Pacific Capital Inc.
Last checked: 8 minutes ago | Last updated: May 11th, 2024 | Source CRMLS | DOM: 164
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Home details

Lot Sq. Ft
7,841
HOA Dues
$0/mo
Year built
1963
Garage
3 Car
Property Type:
Condominium
Status
Active
MLS#
TR24015627
City
Tustin
County
Orange
Time on Site
169 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 3
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Actual Rent: $2,885
  • Total Rent: $2,885
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $2,277
  • Total Rent: $2,277
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Actual Rent: $1,927
  • Total Rent: $1,927
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $85,068
  • Net Operating Income: $68,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $17,559
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $1,200
  • Water/Sewer: $0

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Property Details for 15825 S Myrtle Ave

Interior Features
Cooling Information
  • Has Cooling
  • Electric
Heating Information
  • Has Heating
  • Electric
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • No Fireplace
  • None
Room Information
  • See Remarks
Kitchen Information
  • Has Appliances
  • Dishwasher, Electric Oven, Electric Range, Gas Oven, Water Heater
Interior Features
  • Levels: One, Two
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Condominium
Property Information
  • Has View
  • View: Neighborhood, See Remarks
  • Common Walls: 2+ Common Walls
  • Total # of Units: 3
  • Parcel Number: 40212205
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
  • Accessibility Features: See Remarks
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, See Remarks, Sewer Available, Water Available
Location / Neighborhood
Location Information
  • Directions: At the intersection of the 5 and 55; cross-streets Newport and McFadden
Neighborhood Information
  • Community Features: Street Lights
View more facts & features

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Sale History for 15825 S Myrtle Ave

Last sold for $1,395,000 on March 8th, 2023
  • January, 2024

  • Jan 27, 2024

    Date

    Active

    CRMLS: TR24015627

    $1,799,000

    Price

  • March, 2023

  • Mar 8, 2023

    Date

    Sold

    CRMLS: OC23002139

    $1,395,000

    Price

  • Jan 5, 2023

    Date

    Active

    CRMLS: OC23002139

    $1,399,000

    Price

  • Listing provided courtesy of CRMLS

    Rare opportunity to own a turn key multifamily asset in Tustin.

  • May, 2021

  • May 24, 2021

    Date

    Sold

    CRMLS: PW21063185

    $1,001,000

    Price

  • May 13, 2021

    Date

    Pending

    CRMLS: PW21063185

    $925,000

    Price

  • Apr 19, 2021

    Date

    Active Under Contract

    CRMLS: PW21063185

    $925,000

    Price

  • Apr 16, 2021

    Date

    Active

    CRMLS: PW21063185

    $925,000

    Price

  • Apr 15, 2021

    Date

    Hold

    CRMLS: PW21063185

    $925,000

    Price

  • Apr 15, 2021

    Date

    Active

    CRMLS: PW21063185

    $925,000

    Price

  • Apr 5, 2021

    Date

    Active Under Contract

    CRMLS: PW21063185

    $925,000

    Price

  • Apr 5, 2021

    Date

    Active

    CRMLS: PW21063185

    $925,000

    Price

  • Apr 1, 2021

    Date

    Active Under Contract

    CRMLS: PW21063185

    $925,000

    Price

  • Mar 26, 2021

    Date

    Active

    CRMLS: PW21063185

    $925,000

    Price

  • Listing provided courtesy of CRMLS

    This Myrtle Triplex offers a investor a excellent unit mix of (1) 3+2, (1) 2+2 and (1) 2+1 apartments situated in a rental neighborhood of Tustin. This property features long term month to month tenants with upside in rental income. Last year, the seller re-piped the building with new pexs, and also installed a new central water. This building is also separately metered for gas and electric for low owner costs. Each tenant is provided their own private patio and garage. Their is also some additional open space parking behind the building. The property also offers the use of a onsite convenient laundry room which produces the owner additional monthly income. Local to schools, parks, and shopping centers. Also close proximity to Anaheim Stadium, Honda center, and Disneyland.

  • June, 2015

  • Jun 10, 2015

    Date

    Sold (Public Records)

    Public Records

    $794,000

    Price

  • April, 2005

  • Apr 27, 2005

    Date

    Sold (Public Records)

    Public Records

    $710,000

    Price

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Tax History for 15825 S Myrtle Ave

Assessed Value (2020): $878,050
Year Land Value Improved Value Assessed Value
2020 $748,406 $129,644 $878,050

Home Value Compared to the Market

This property vs the competition

15825 S Myrtle Ave is listed 31.75% higher than the median list price for the city of Tustin which has a median list price of $1,260,000. The median price per/sqft for Tustin is $680 and this home is listed at $530.35 per/sqft which puts the price per square foot 22.01% lower than the median price per square foot for the city of Tustin.

About 15825 S Myrtle Ave

Detailed summary of property

15825 S Myrtle Ave is a condominium located in Tustin, CA 92780 and is currently for sale. This condo offers 7 bedrooms, 5 bathrooms, roughly 3,130 living square feet, and sits on an approximately 7,841 square foot lot. 15825 S Myrtle Ave was first listed on ArdentRealEstateGroup.com on January 25, 2024. The homeowner is currently asking $1,660,000 and was originally asking $1,799,000. The median priced home in Tustin is $1,260,000 with a median price per square foot of $680. Based on Ardent Real Estate Group's Tustin Market Data, this home is listed 31.75% higher than the median priced home. Local competing homes currently for sale include 6808 E Georgetown Circle, 9371 Asbury Circle and 729 N Clementine St. While the average home in Tustin, CA is selling in 29 days, 15825 S Myrtle Ave has a days on market of 164 days. There are currently 88 homes for sale in the Tustin real estate market and 50 of them are single family homes while 25 of them are condos and 13 are townhomes. For more information on this home for sale at 15825 S Myrtle 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 15825 S Myrtle Ave

Public county record property details
Beds
--
Baths
--
Year built
1963
Sq. Ft.
3,130
Lot Size
7,734
Stories
2
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
10
APN
402-122-05

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
$1,199,000
Median List Price/Sq.Ft.
$653
Median Sold Price
$1,060,000
Median Sold Price/Sq.Ft.
$590
Total Inventory
47
Median Sale to List Price %
106.11%
Avg Days on Market
13
Loan Type
Conventional (76.19%), FHA (4.76%), VA (0%), Cash (4.76%), Other (9.52%)

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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.