14801 Newport Ave - Apartments FOR SALE


Tustin, CA 92780
$2,200,000 USD
949-423-6111
14801 Newport Ave, Tustin, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/10
null | 4.83% Cap Rate

14801 Newport Ave
Tustin, CA 92780


HIGHLIGHTS

  • All Two-Bedroom/Two-Bathroom Floorplans (Avg. 1,075 SF)
  • Assumable Financing Available - Current Loan May Be Assumable at 3.25% Interest Rate Fixed Until July 2028
  • Over $124,000 in Recent Capital Improvements
  • On-Site Laundry Room (Washer & Dryer Owned), Individually Metered for Gas & Electric
  • Strong Tustin Location - Near Major Thoroughfare of Newport Ave. & Sycamore Ave. and Less Than a Mile From the 55 & 5 Freeways

OVERVIEW

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).

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$409 USD /SF

# OF UNITS

5

PRICE/UNIT

$440,000

CAP RATE

4.83%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,450 SF

ZONING

-

APN/PARCEL ID

402-142-19

ASK ABOUT THIS PROPERTY

Daniel BlackwellCBRE, Inc.More Info
949-423-6111

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Daniel BlackwellCBRE, Inc.More Info
949-423-6111

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.