Price $5,488,800
Status Active
Beds 0
Baths 0 bath
Home size 14,131 sq ft
Lot Size 1.09 ac
Days on Market 14
SVN Vanguard is pleased to present the Wass Street Villas, an 11 Unit apartment building located in a highly desirable Tustin neighborhood with the ability to achieve a mid 4% CAP rate and a 15.7 GRM within a short stabilization period by increasing the rents. The Wass Street Villas are occupied with a mixture of long term and new tenants, providing an investor the opportunity to increase rents and immediately increase return. The Wass Street Villas are composed four separate buildings consisting of one 4 bedroom 2 bath, four 3 bed 2 bath and six 2 bed 2 bath units. All units are well-designed with a patio or balcony, central heating and cooling, and a shared laundry room. Additionally, there are ten double car garages, two single car garages, and additional open parking spaces available for residents and guests. This building is located within an excellent rental location and boasts historically low vacancy rates. The Wass Street Villas are individually metered for electricity and gas. Landlord expenses include common expenses and include water services. The Wass Street Villas are located near the cross streets of Newport Ave and Irvine Blvd and within a short distance to multiple retail shopping center destinations, Downtown Tustin, Old Town Tustin, The Tustin Marketpace, The District at the Tustin Legacy, the 5 Freeway, the 55 Freeway, the 261 Toll Road, Tustin High School and Foothill High School.
Property Type(s): Residential Income
Last Updated 11/27/2018 Year Built 1964
Community NTS - North Tustin County Orange

Additional Details

AIR Central
AIR CONDITIONING Yes
AREA NTS - North Tustin
FIREPLACE Yes
GARAGE Assigned, Garage, Garage - Single Door, Garage - Two Door, Parking Space
HEAT Central Furnace
LOT 1.0900 acre(s)
LOT DESCRIPTION Front Yard, Landscaped, Lot Over 40000 Sqft
POOL DESCRIPTION None
SEWER Public Sewer
WATER Public

Location

 

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Listing provided by : Cameron Irons CalDRE: 01176224, SVN / Vanguard

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