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Key Details
Sold Price $2,540,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW20202918
Sold Date 04/30/21
HOA Y/N No
Year Built 1965
Lot Size 10,890 Sqft
Acres 0.25
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 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
Location
State CA
County Orange
Area 699 - Not Defined
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks
Total Parking Spaces 8
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 40229213
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Wilfred Drouin • Drouin Realty
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960