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    16662 Alliance Avenue

    Tustin, CA 92780
    • $2,595,000
    • STATUS: CONTINGENT
    • ON SITE: 110 days
    • ID#: 302877531
    Under Contract
    UPDATED: 25 min ago
    $2,595,000
    • 6
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1800
    County:

    School Ratings & Info

    Description

    We are pleased to offer 16662-16666 Alliance Avenue, an 8-unit apartment investment opportunity located in the desirable and seldom available rental market of Tustin. The property is comprised of good-sized 1, 2, and 3 bedroom units, and has a strong history of tenant retention. In addition to Tustin being located in the heart of Orange County, Alliance Avenue is well placed near schools, retail centers, and employment centers, and offers quick access to both the 5 and 55 freeways, meaning residents can g We are pleased to offer 16662-16666 Alliance Avenue, an 8-unit apartment investment opportunity located in the desirable and seldom available rental market of Tustin. The property is comprised of good-sized 1, 2, and 3 bedroom units, and has a strong history of tenant retention. In addition to Tustin being located in the heart of Orange County, Alliance Avenue is well placed near schools, retail centers, and employment centers, and offers quick access to both the 5 and 55 freeways, meaning residents can get anywhere in Orange County relatively quickly. The property is well-maintained and offers garage parking, gated access, and laundry facilities. With such a tight rental market in Tustin, there is certainly room for an investor to capitalize on the upside and boost revenue even more. *Highly Desirable Tustin Rental Market, *Excellent Mix of 1, 2 & 3-Bedroom Units, *Close Proximity to Schools, Retail and Entertainment, *Convenient Access to 5 and 55 Freeways, *Garage Parking and Gated Access, *Stable Occupancy History; Very Low Turnover

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sdluxegroup.com/homes/110470842
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    16662 Alliance Avenue Tustin, CA 92780

    • Price: $2,595,000
    • Status: CONTINGENT
    • Updated: 25 min ago
    • ID#: 302877531
    6
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    1800
    Built
    Neighborhood:
    Oc - Tustin (92780)
    County:
    Orange
    Area:
    Oc - Tustin (92780)
    Property Description
    We are pleased to offer 16662-16666 Alliance Avenue, an 8-unit apartment investment opportunity located in the desirable and seldom available rental market of Tustin. The property is comprised of good-sized 1, 2, and 3 bedroom units, and has a strong history of tenant retention. In addition to Tustin being located in the heart of Orange County, Alliance Avenue is well placed near schools, retail centers, and employment centers, and offers quick access to both the 5 and 55 freeways, meaning residents can g We are pleased to offer 16662-16666 Alliance Avenue, an 8-unit apartment investment opportunity located in the desirable and seldom available rental market of Tustin. The property is comprised of good-sized 1, 2, and 3 bedroom units, and has a strong history of tenant retention. In addition to Tustin being located in the heart of Orange County, Alliance Avenue is well placed near schools, retail centers, and employment centers, and offers quick access to both the 5 and 55 freeways, meaning residents can get anywhere in Orange County relatively quickly. The property is well-maintained and offers garage parking, gated access, and laundry facilities. With such a tight rental market in Tustin, there is certainly room for an investor to capitalize on the upside and boost revenue even more. *Highly Desirable Tustin Rental Market, *Excellent Mix of 1, 2 & 3-Bedroom Units, *Close Proximity to Schools, Retail and Entertainment, *Convenient Access to 5 and 55 Freeways, *Garage Parking and Gated Access, *Stable Occupancy History; Very Low Turnover
    Exterior Features

    Pool N/K Site CurbsSidewalks

    Interior Features

    Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 2

    Property Features

    Actual Cap Rate 4.0 Annual Expense Actual 54514 Buildings 2 Gross Rent Multiplier Actual 15.99 Gross Scheduled Income Actual 162240 Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit1 Rent Actual 1410.0 Unit2 Rent Actual 1678.0 Unit3 Rent Actual 1910.0 Zoning Assessor

    Listing provided courtesy of Morgan Skenderian. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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