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15981 S Myrtle Avenue, Tustin, CA 92780

Property Details

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15981 S Myrtle Avenue
Tustin, CA 92780

For Sale: $5,450,000

Property Type: Commercial Apartments
MLS#: OC19068032

  • Building Size: 17678 SF
  • Lot Size: 31941 SF
  • Number of Units: 16
  • Number of Stories: 2
  • Year Built: 1964
  • Days on market: 23
  • Net Operating Income: $223,238
  • Rent Control: No
  • Contact Listing Agent Direct:
  • Greg Bassirpou, Marcus & Millichap RE Invest

Property Description

The Myrtle Avenue Apartment Homes is a Pride of Ownership, 16 unit multi-family investment property located in the strong rental market of Tustin, California within the Greater Orange County area. The property has a desirable unit mix consisting of (9) two bedroom/ one bathroom units, (1) two bedroom/ one and one half bathrooms units, (2) two bedroom/ two bathroom, and (4) three bedroom/ two bathroom units totaling 17,678 square feet situated on a 31,941 square foot lot. Built in 1964, the property offers amenities including on-site laundry facilities, private patios, balconies, and enclosed garages. The property has recently gone through extensive interior and exterior renovations. This offering represents a rare opportunity for an investor to acquire a Pride of Ownership, stable investment in the desirable rental market of Tustin. The location offers high visibility in an area known for its strong tenancy, good rent growth, and a historically high occupancy rate.

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15981 S Myrtle Avenue, Tustin, CA 92780

Based on information from California Regional Multiple Listing Service, Inc. as of April 9, 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.

Listing provided by: Greg Bassirpou, Marcus & Millichap RE Invest

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