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1041 Walnut St

3 Unit Apartment Building $2,948,423 CAD ($982,808 CAD/Unit) Tustin, CA 92780

Apartment Buildings California Tustin 1041 Walnut St, Tustin, CA 92780

Investment Highlights

  • Great Tustin Area, Large lot, Oversized patios, lots of off street parking, Lots of potential including ADU Potential.

Financial Summary (Actual - 2023)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $133,669 $51.41
Other Income - -
Vacancy Loss $3,975 $1.53
Effective Gross Income $129,694 $49.88
Taxes $14,447 $5.56
Operating Expenses $8,647 $3.33
Total Expenses $23,094 $8.88
Net Operating Income $106,600 $41.00

Financial Summary (Actual - 2023)

Gross Rental Income (CAD)
Annual $133,669
Annual Per SF $51.41
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual $3,975
Annual Per SF $1.53
Effective Gross Income (CAD)
Annual $129,694
Annual Per SF $49.88
Taxes (CAD)
Annual $14,447
Annual Per SF $5.56
Operating Expenses (CAD)
Annual $8,647
Annual Per SF $3.33
Total Expenses (CAD)
Annual $23,094
Annual Per SF $8.88
Net Operating Income (CAD)
Annual $106,600
Annual Per SF $41.00

Property Facts

Price $2,948,423 CAD Building Class B
Price Per Unit $982,808 CAD Lot Size 0.21 AC
Sale Type Investment Building Size 2,400 SF
Sale Conditions 1031 Exchange Average Occupancy 99%
No. Units 3 No. Stories 1
Property Type Multifamily Year Built/Renovated 1960/2023
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
 Parking Ratio 2.5/1,000 SF
Price $2,948,423 CAD
Price Per Unit $982,808 CAD
Sale Type Investment
Sale Conditions 1031 Exchange
No. Units 3
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
Building Class B
Lot Size 0.21 AC
Building Size 2,400 SF
Average Occupancy 99%
No. Stories 1
Year Built/Renovated 1960/2023
Parking Ratio 2.5/1,000 SF

Unit Amenities

  • Air Conditioning
  • Washer/Dryer
  • Ceiling Fans
  • Yard
  • Lawn
  • Patio

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
5+3 3 - -
1 of 1
Walk Score ®
Walker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 500-153-05 Total Assessment $1,224,769 CAD
Land Assessment $1,080,531 CAD Annual Taxes $14,447 CAD ($6.02 CAD/SF)
Improvements Assessment $144,238 CAD Tax Year 2023

PROPERTY TAXES

Parcel Number
500-153-05
Land Assessment
$1,080,531 CAD
Improvements Assessment
$144,238 CAD
Total Assessment
$1,224,769 CAD
Annual Taxes
$14,447 CAD ($6.02 CAD/SF)
Tax Year
2023

zoning

Zoning Code R3 (Preliminary check with the city of Tustin indicated an ADU would be acceptable. Buyer to do own inquiry with City.7 to 9,000 additional rent potential)
R3 (Preliminary check with the city of Tustin indicated an ADU would be acceptable. Buyer to do own inquiry with City.7 to 9,000 additional rent potential)
  • Paul Flowers
    Paul Flowers
  • Ridgecrest Investments
(714) 337-4010

  • Listing ID: 33273264

  • Date on Market: 2024-09-23

  • Last Updated:

  • Address: 1041 Walnut St, Tustin, CA 92780

The Multifamily Property at 1041 Walnut St, Tustin, CA 92780 is currently available For Sale. Contact Ridgecrest Investments for more information.

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1041 Walnut St, Tustin, CA for sale Building Photo- Image 1 of 10
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1041 Walnut St, Tustin, CA for sale Building Photo- Image 2 of 10
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1041 Walnut St, Tustin, CA for sale Building Photo- Image 6 of 10
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1041 Walnut St, Tustin, CA for sale Building Photo- Image 8 of 10
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1041 Walnut St
(714) 337-4010 x

1041 Walnut St

Paul Flowers

(714) 337-4010

(714) 337-4010

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