Active
$2,200,000
5 Units
10 Beds
10 Baths
5,376 Area(sq.ft.)
Lot: 14,450 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 5 | 2 | 2 | No | $ 2,657 | $ 13,285 | $ 15,000 |
| 5 | 10 | 10 | $ 13,285 | $ 66,425 | $ 75,000 |
| MLS #: | 25516413 |
| Days On Market: | 256 |
| Listing Date: | March 25, 2025 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 409 |
| Price per unit: | $ 440,000 |
| Year Built: | 1965 |
Property Details
14801 Newport Avenue is a 5-unit multifamily investment property located on the major thoroughfare of Newport Avenue & Sycamore Avenue in the city of Tustin. The property is comprised of all two-bedroom/two-bathroom floorplans with over $124,000 in recent capital improvements including new HVAC in select units, new windows, stairs and doors, updated plumbing and electrical and select units updated in recent years. Assumable financing available (3.25% interest rate).Interested in this Listing?
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Income Details
| Vacancy Rate: | 3% |
| Gross Operating Income: | $ 156,201 |
| Total Annual Expense: | $ 49,910 |
| Net Operating Income: | $ 106,292 |
| Gross Annual Income: | $ 160,984 |
| Gross Rent Multiplier: | 13.67 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Parking Garage: | Garage |
Interior
| AC/Cooling: | None |
| Equipment: | None |
| Heating: | None |
Exterior
Detailed Map
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Income
