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    14652 Carfax Drive

    Tustin, CA 92780
    • $1,450,000
    • STATUS: Active Under Contract
    • ON SITE: 56 days
    • ID#: NP21001125
    Under Contract
    UPDATED: 28 min ago
    $1,450,000
    • 0
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,690
      SQFT
    • $309
      $/SQFT
    Neighborhood:
    Other (Othr)
    Type:
    Multi-Family
    Built:
    1964
    County:
    Orange
    Area:
    71 - Tustin

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    Description

    Large four-plex in desirable Tustin on large oversized lot. Large building - Almost 4,700 sq ft! Unit mix: #A. Single level 2 bedroom 2 bath unit -$1824 per month #B. Single level 2 bedroom 2 bath unit -$1,630 per month. #C. 2 bedroom 1.5 bath townhouse unit -$1690 per month and #D. Is a 3 bedroom 1.5 bath townhouse rented for $2,100 per month. - All tenants are month to month. All have private Patio/yards. Community laundry. Separate water heaters. Three fireplaces. All units have central air and heat. Private yards. Plenty of parking. Two double car garages plus 8 off street parking spots. Standard sale. A great value at 4.32% cap - 4.6% Pro forma cap rate. Do not go property. Do not disturb tenants.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-02T23:28:20.91. 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 deemed reliable but is not guaranteed accurate by the MLS or The Bhagat Group. Licensed in the State of California, USA.

    www.propertycove.com/homes/112988432
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    14652 Carfax Drive Tustin, CA 92780

    • Price: $1,450,000
    • Status: Active Under Contract
    • Updated: 28 min ago
    • ID#: NP21001125
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    4,690
    SQFT
    $309
    $/SQFT
    1964
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    71 - Tustin
    Property Description
    Large four-plex in desirable Tustin on large oversized lot. Large building - Almost 4,700 sq ft! Unit mix: #A. Single level 2 bedroom 2 bath unit -$1824 per month #B. Single level 2 bedroom 2 bath unit -$1,630 per month. #C. 2 bedroom 1.5 bath townhouse unit -$1690 per month and #D. Is a 3 bedroom 1.5 bath townhouse rented for $2,100 per month. - All tenants are month to month. All have private Patio/yards. Community laundry. Separate water heaters. Three fireplaces. All units have central air and heat. Private yards. Plenty of parking. Two double car garages plus 8 off street parking spots. Standard sale. A great value at 4.32% cap - 4.6% Pro forma cap rate. Do not go property. Do not disturb tenants.
    Exterior Features

    Architectural Style Ranch Construction Materials Stucco Direction Faces West Entry Level 1 Entry Location 1 Fence YN Yes Fencing Wood Foundation Details Slab Garage Spaces 4.00 Lot Features Back YardFront YardLot 10000-19999 SqftLevelSprinkler System Lot Size Dimensions 88 X 135 Lot Size Source Assessor Lot Size Units Square Feet Other Structures Second Garage Attached Parking Features Garage Faces Front Parking Total 12.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Road Surface Type Paved Roof Asphalt Spa Features None Spa YN No Uncovered Spaces 8.00 View None View YN No

    Interior Features

    Appliances DishwasherDisposalGas Range Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 1100 Average2 Bed Area Units Square Feet Average3 Bed Area 1250 Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Central Air Cooling YN Yes Fireplace Features Masonry Fireplace YN Yes Flooring Carpet Heating Forced Air Heating YN Yes Laundry Features Common AreaCommunity Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.32 Community Features Street LightsSuburban Country Us Current Financing None Electric Expense 540.00 Elevation Units Feet Fuel Expense 300.00 Furniture Replacement Expense 0.00 Garage Income 0.00 Garage Rental Rate 0.00 Gardener Expense 1800.00 Gross Income 600.00 Gross Scheduled Income 88620.00 Have Large 4-Plex On Large Lot Improvements Amount 242936 Insurance Expense 1800.00 Land Lease YN No Land Value 524716 Laundry Equipment Own Lease Lease Laundry Income 50.00 Laundry YN Yes Lot Dimensions Source Assessor Net Operating Income 62695.00 New Construction YN No New Taxes Expense 17500.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Number With Carpet 4 Number With Disposal 4 Number With Range 4 Operating Expense 25924.00 Pool Expense 0.00 Present Loans 650000 Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Trust Subdivision Name Other Other Tenant Pays Cable TvElectricityGas Total Actual Rent 7335.00 Total Expenses 25924.00 Trash Expense 864.00 Utilities Electricity Connected Vacancy Allowance Rate 2.00 Water Sewer Expense 3120.00 Water Source Public Year Built Source Public Records

    Listing provided courtesy of Jeff Stokes of Best Rate Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-03-02T23:28:20.91. 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 deemed reliable but is not guaranteed accurate by the MLS or The Bhagat Group. Licensed in the State of California, USA.

     
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