1032 Bonita st, Tustin, CA 92780
Active
$2,785,000
6 Units
2 Beds
1 Baths
4,896 Area(sq.ft.)
Lot: 8,747 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 6 | 2 | 1 | No | $ 2,578 | $ 15,470 | $ 2,695 |
| 6 | 12 | 6 | $ 15,468 | $ 92,820 | $ 16,170 |
| MLS #: | NP25083703MR |
| Days On Market: | 220 |
| Listing Date: | April 30, 2025 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 569 |
| Price per unit: | $ 464,167 |
| Year Built: | 1963 |
Property Details
Presenting the Bonita Apartments: a prime investment property in a high-demand Orange County rental market. Located within a desirable, low-density suburb of the City of Tustin, this asset benefits from exceptional freeway access (5 & 55) as well as its close vicinity to Tustin City hall and a plethora of retail centers. The property features entirely two-bedroom units. All units are currently occupied at excellent rental rates, underscoring strong tenant demand. Key features include in-unit washer/dryer hookups, new finishes + appliances and Garage Parking, ensuring tenant satisfaction and retention. This is an opportunity to acquire a well-maintained, income-producing property in a blue-chip location! ALL UPGRADES ARE FULLY PERMITTED AND CITY APPROVED. UNIT INTERIORS, GAS LINE, RE-WIRED ELECTRIC. PLANS WERE APPROVED FOR 2 ADUS ABOVE GARAGES IN 2023.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 186,927 |
| Total Annual Expense: | $ 53,364 |
| Net Operating Income: | $ 133,563 |
| Cap Rate: | 4.8% |
| Gross Rent Multiplier: | 14.00 |
Structure
| Community Features: | Suburban |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
Interior
| Laundry: | Electric Dryer Hookup, Hookup - Electric, Washer Hookup |
Exterior
| Pool: | No |
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