18281 Plaza Way, Tustin, CA 92780

$2,050,000

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List Price
$2,050,000
Status
ACTIVE UNDER CONTRACT
MLS#
PW26134650
Year Built
1977
Lot Size
8,276
Acres
0.19
Lot Location
2-5 Units/Acre
Days on Market
34
Property Type
Multifamily
Property Sub Type
Quadruplex

Property Description

Exceptional investment opportunity featuring a desirable Covington-style fourplex within the acclaimed Foothill high school attendance area. This well-maintained property is ideal for long-term investors or 1031 Exchange replacement property. The property offers an attractive unit mix consisting of One spacious 3-bedroom/ 2 bath unit,and 0ne 2bed/2bath units are located on the ground level, another Two units are located upstairs, providing a practical and desirable layout for tenants. All units have been remodeled and feature hardwood flooring, updated cabinetry, granite counter tops and upgraded bathrooms with quality finishes through. Private patio or balcony for every unit One 3 bedroom/2 bath unit with 2 car garages. Three 2 Bedroom / 2 Bath units with 1 -car garage and one assigned uncovered parking space each. This property offers strong tenant demand and excellent long-term appreciation potential in one of Tustin's most desirable rental market.

Additional Information

Second HOA
$970
Appliances
Dryer
Pool Description
None
Garage Spaces Total
5
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
4
Gross Scheduled Income
$127,800
Operating Expense
25499

Listing courtesy of Listing Agent: Lee D.K. Kam (Leekam47@gmail.com) from Listing Office: Sunny Hills Real Estate, Inc..

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