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407 N Tustin Ave, Anaheim, CA 92807
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407 N Tustin Ave Anaheim, CA 92807

$1,180,000 Sold Price as of 02/01/2021
  • 6 Beds
  • 6 Baths
  • 3,413 Sq.Ft.
Sold
$1,180,000 Sold Price as of 02/01/2021 Refinance Your Mortgage
Map preview of 407 N Tustin Ave, Anaheim, CA 92807

Property Overview: 407 N Tustin Ave Anaheim, CA has 6 bedrooms, 6 bathrooms, 3,413 living square feet and 9,583 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Great investment opportunity with long term tenants. All units are well maintained with a big lot of 9583 sqft and conveniently located near the 55 and 91 freeways. It's a very close proximity to Fullerton, Placentia, Orange, Yorba Linda, Villa Park, and Cerritos. This 4-plex has two 2bed 2bath downstairs with patios and two one bed one bath units upstairs units with balconies. Recent upgrades such as 80 gal water heater, newer paint, resurfaced kitchen cabinets , countertops, kitchen stoves, updated windows, and roll up garage doors. The first 2bed 2 bath(unit A) has two car garage and the rest with one car garage. There are 5 additional parking behind the 5 garages. Also, many more parking on the street. Nice and roomy front lawn makes it feel right at home. Asking price is on the lower end compared to similar properties in OC.

Listed by Tinh Lam | BRE #01332723 | I Realty & Funding
Last checked: 12 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 37

Home details

Lot Sq. Ft
9,583
HOA Dues
$0/mo
Year built
1964
Garage
5 Car
Property Type:
Fourplex
Status
Sold
MLS#
PW20236674
City
Anaheim
County
Orange
Time on Site
1334 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 4
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,460
  • Total Rent: $1,460
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,408
  • Total Rent: $1,408
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $1,550
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,340
  • Total Rent: $1,340
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.46
  • Gross Scheduled Income: $69,876
  • Net Operating Income: $49,652
  • Gross Operating Income: $68,478
  • Vacancy Allowance: $1,398
  • Laundry Income: $65
  • Laundry Own/Lease: Lease
Annual Expense Breakdown
  • Total Operating Expense: $18,826
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $12,650
  • Trash: $0
  • Gardener: $1,080
  • Insurance: $1,850
  • Maintenance: $2,096
  • Water/Sewer: $1,150

Property Details for 407 N Tustin Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Laminate, Tile
Kitchen Information
  • Has Appliances
  • Gas Range, Range Hood, Water Heater Central
Interior Features
  • Levels: Two
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Shingle
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 10
  • No
  • Parking Features: Street
Lot Information
  • Lot Features: Lawn, Lot 6500-9999, Sprinklers In Front
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Hills
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 36026405
  • 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
  • Utilities: Cable Available, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: NA
  • Directions: Near the 55 and 91 freeways off of N. Tustin Ave
  • Road Frontage Type: City Street
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Anaheim Agent

Sale History for 407 N Tustin Ave

Last sold for $1,180,000 on February 1st, 2021

  • February, 2021

  • Feb 6, 2021

    Date

    Sold

    CRMLS: PW20236674

    $1,180,000

    Price

  • Jan 23, 2021

    Date

    Pending

    CRMLS: PW20236674

    $1,160,000

    Price

  • Jan 15, 2021

    Date

    Active

    CRMLS: PW20236674

    $1,160,000

    Price

  • Jan 15, 2021

    Date

    Price Change

    CRMLS: PW20236674

    $1,160,000

    Price

  • Jan 15, 2021

    Date

    Active Under Contract

    CRMLS: PW20236674

    $1,150,000

    Price

  • Nov 16, 2020

    Date

    Pending

    CRMLS: PW20236674

    $1,150,000

    Price

  • Nov 10, 2020

    Date

    Active

    CRMLS: PW20236674

    $1,150,000

    Price

  • January, 2021

  • Jan 29, 2021

    Date

    Sold (Public Records)

    Public Records

    $1,180,000

    Price

  • November, 2020

  • Nov 10, 2020

    Date

    Expired

    CRMLS: PW20092652

    $1,150,000

    Price

  • May 16, 2020

    Date

    Active

    CRMLS: PW20092652

    $1,150,000

    Price

  • Listing provided courtesy of CRMLS

    Great investment opportunity with long term tenants and rents are current and full. All units are well maintained with a big lot of 9583 sqft and conveniently located near the 55 and 91 freeways. It's a very close proximity to Fullerton, Placentia, Orange, Yorba Linda, and Villa Park. Anaheim, home of Disneyland and Angel Stadium and the biggest city in OC with 353,000 residents, has been expanding with lots of job opportunity as there are major and well established corporations such as Disneyland Resort which employs more than 30,000 people. Others major employers such as Bank of America Corp, Edwards Life Science, Parker Aerospace, Allied Universal, Home Depot Inc. The Irvine Company, Cedar Fair LP, United Health Group Inc. This 4-plex has two 2bed 2bath downstairs units with patios and two 1bed 1 bath upstairs units with balconies with fairly recent upgrade such as 80 gal water heater, newer paint, resurfaced kitchen cabinets, countertops, kitchen stoves, updated windows, and roll up garage doors. The first 2bed 2 bath has two car garage and the rest with one car garage. There are 5 additional parking behind the 5 garages. Also, many more cars can park on the street. Nice and roomy front lawn makes it feel right at home. Asking price is on the lower end compared to similar properties in OC.

  • February, 2020

  • Feb 10, 2020

    Date

    Sold

    CRMLS: PW19269327

    $1,085,000

    Price

  • Jan 22, 2020

    Date

    Pending

    CRMLS: PW19269327

    $1,125,000

    Price

  • Dec 17, 2019

    Date

    Active Under Contract

    CRMLS: PW19269327

    $1,125,000

    Price

  • Nov 21, 2019

    Date

    Active

    CRMLS: PW19269327

    $1,125,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present 407 N. Tustin Avenue, a well maintained 4-unit apartment complex in East Anaheim. The property is conveniently located near the 55 and 91 Freeways, on the border of Orange, and is just minutes from Anaheim Hills, Yorba Linda and Villa Park. The building structure is 3,413 square feet and sits atop a large, rectangular 10,393 square foot lot. The 4-plex features an attractive unit mix of (2) 2 Bedroom 2 Bath Units & (2) 1 Bedroom 1 Bath Units which have balconies (upstairs) and patios (downstairs). Recent notable upgrades include resurfaced kitchen cabinets, upgraded counter tops, new kitchen stoves, updated windows throughout and new roll up garage doors. Additionally, all tenants have wall heaters, wall A/C units, and access to the onsite laundry room which has leased laundry machines. Current rents effective January 1, 2020. Cap rate and Gross rent multiplier based on proforma rents.

  • February, 2020

  • Feb 10, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,085,000

    Price

Show More

Tax History for 407 N Tustin Ave

Assessed Value (2020): $554,448
Year Land Value Improved Value Assessed Value
2020 $386,652 $167,796 $554,448

Home Value Compared to the Market

This property vs the competition

407 N Tustin Ave sold on February 1, 2021 for 34.1% higher than the current median sold price for the city of Anaheim which is $865,000. The median sold price per/sqft for Anaheim is $587 and this home is sold at $339.88 per/sqft which puts the price per square foot 42.1% lower than the current median sale per square foot for the city of Anaheim.

About 407 N Tustin Ave

Detailed summary of property

407 N Tustin Ave is a fourplex that recently sold in Anaheim, CA 92807. This fourplex offered 6 bedrooms, 6 bathrooms, roughly 3,413 living square feet, and sits on an approximately 9,583 square foot lot. 407 N Tustin Ave was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $1,180,000. Home in Anaheim are selling for a median price of $865,000 and a median price per square foot of $587. Based on Ardent Real Estate Group's Anaheim Market Data, this home is sold 34.1% higher than the current median priced home. Local homes that are currently for sale include 2411 Angela St, 8402 Slater Ave and 377 Victoria St. While the average home in Anaheim, CA is selling in 48 days, 407 N Tustin Ave has a days on market of 37 days. There are currently 297 homes for sale in the Anaheim real estate market and 183 of them are single family homes while 86 of them are condos and 28 are townhomes. For more information on this home for sale at 407 N Tustin Ave Anaheim, CA 92807 contact Ardent Real Estate Group and we will put you in touch with one of our Anaheim agents.

Public Facts for 407 N Tustin Ave

Public county record property details
Beds
--
Baths
--
Year built
1964
Sq. Ft.
3,413
Lot Size
10,393
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
44
APN
360-264-05

The source for these homes facts are from public records.

92807 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,195,000
Median List Price/Sq.Ft.
$576
Median Sold Price
$1,200,000
Median Sold Price/Sq.Ft.
$541
Total Inventory
74
Median Sale to List Price %
109.09%
Avg Days on Market
25
Loan Type
Conventional (68.75%), FHA (0%), VA (0%), Cash (18.75%), Other (12.5%)

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Recently Sold Homes Near 407 N Tustin Ave

413 N Tustin Ave, Anaheim, CA 92807
$1,155,000 Last Sold Price
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6 Baths
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413 N Tustin Ave
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401 N Tustin Ave, Anaheim, CA 92807
$1,287,500 Last Sold Price
6 Beds
6 Baths
3413 Sq.Ft.
401 N Tustin Ave
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412 N Kodiak St, Anaheim, CA 92807
$1,110,000 Last Sold Price
8 Beds
5 Baths
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412 N Kodiak St
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313 N Tustin Ave, Anaheim, CA 92807
$1,230,000 Last Sold Price
8 Beds
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313 N Tustin Ave
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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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