17332 Irvine Blvd, Tustin, CA 92780
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17332 Irvine Blvd Tustin, CA 92780

$5,995,000
  • -- Beds
  • -- Baths
  • 24,287 Sq.Ft.
For Sale
$5,995,000 Get Pre-Qualified

Map preview of 17332 Irvine Blvd, Tustin, CA 92780

Property Overview: 17332 Irvine Blvd Tustin, CA has -- bedrooms, -- bathrooms, 24,287 living square feet and 43,560 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: 17332 Irvine Blvd, Tustin, CA 92780. Two-story 24,287-square-foot, elevator-served office building built in 1973 on an approximate 1.0-acre parcel with no association. The building is 95% occupied with two small vacant suites totaling 1,236 square feet. Premier office building with welcoming two-story lobby just east of the 55 Freeway on the corner of Irvine Blvd and Yorba St. Current occupancy is 95% which is typical as this building has historically enjoyed very high occupancy. With small suites and staggered lease terms, this asset should continue to provide reliable, solid income. Current rents are well below market. Market rents will generate a proforma cap rate over 8.0% (see Page 18). This should be very achievable given the high current occupancy and small tenant sizes.

Listed by Geoffrey Dewolf | BRE #01319312 | Economos Dewolf, Inc.
Last checked: 1 minute ago | Last updated: April 4th, 2024 | Source CRMLS | DOM: 71
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Home details

Lot Sq. Ft
43,560
HOA Dues
$0/mo
Year built
1973
Garage
--
Property Type:
Other
Status
Active
MLS#
24376525
City
Tustin
County
Orange
Time on Site
81 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 17332 Irvine Blvd

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 75
Property Information
  • Parcel Number: 40151201
Location / Neighborhood
Location Information
  • Directions: Immediately east of the 55 Freeway on the corner of Irvine Blvd and Yorba St.
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Sale History for 17332 Irvine Blvd

Last sold for $2,200,000 on July 18th, 2000
  • April, 2024

  • Apr 1, 2024

    Date

    Active

    CRMLS: 24376525

    $5,995,000

    Price

  • July, 2000

  • Jul 18, 2000

    Date

    Sold (Public Records)

    Public Records

    $2,200,000

    Price

  • July, 1999

  • Jul 23, 1999

    Date

    Sold (Public Records)

    Public Records

    $1,600,000

    Price

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Tax History for 17332 Irvine Blvd

Assessed Value (2020): $3,031,213
Year Land Value Improved Value Assessed Value
2020 $1,308,937 $1,722,276 $3,031,213

Home Value Compared to the Market

This property vs the competition

17332 Irvine Blvd is listed 379.6% higher than the median list price for the city of Tustin which has a median list price of $1,250,000. The median price per/sqft for Tustin is $662 and this home is listed at $246.84 per/sqft which puts the price per square foot 62.71% lower than the median price per square foot for the city of Tustin.

About 17332 Irvine Blvd

Detailed summary of property

17332 Irvine Blvd is a other located in Tustin, CA 92780 and is currently for sale. This property offers -- bedrooms, -- bathrooms, roughly 24,287 living square feet, and sits on an approximately 43,560 square foot lot. 17332 Irvine Blvd was first listed on ArdentRealEstateGroup.com on April 4, 2024. The homeowner is currently asking $5,995,000. The median priced home in Tustin is $1,250,000 with a median price per square foot of $662. Based on Ardent Real Estate Group's Tustin Market Data, this home is listed 379.6% higher than the median priced home. Local competing homes currently for sale include 2323 E 3rd St, 960 E 12th St and 801 W 70th St. While the average home in Tustin, CA is selling in 28 days, 17332 Irvine Blvd has a days on market of 71 days. There are currently 93 homes for sale in the Tustin real estate market and 52 of them are single family homes while 27 of them are condos and 14 are townhomes. For more information on this home for sale at 17332 Irvine Blvd Tustin, CA 92780 contact Ardent Real Estate Group and we will put you in touch with one of our Tustin agents.

Public Facts for 17332 Irvine Blvd

Public county record property details
Beds
--
Baths
--
Year built
1969
Sq. Ft.
25,592
Lot Size
43,221
Stories
2
Type
Commercial (General)
Pool
No
Spa
No
County
Orange
Lot#
16,17
APN
401-512-01

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
$1,050,000
Median List Price/Sq.Ft.
$609
Median Sold Price
$749,000
Median Sold Price/Sq.Ft.
$595
Total Inventory
45
Median Sale to List Price %
100%
Avg Days on Market
11
Loan Type
Conventional (52.38%), FHA (9.52%), VA (0%), Cash (14.29%), Other (23.81%)

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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.