Tustin, CA 92780 18281 Plaza Way
$2,050,000
Presented By: Lee D.K. Kam with Sunny Hills Real Estate, Inc.; 714-809-2347
Baths • 2
SQFT • 4,379
Garage • 5
Home Details
Exceptional investment opportunity featuring a desirable Covington-style fourplex within the acclaimed Foothill high school attendance area.
This well-maintained property is ideal for long-term investors or 1031 Exchange replacement property.
The property offers an attractive unit mix consisting of One spacious 3-bedroom/ 2 bath unit,and 0ne 2bed/2bath units are located on the ground level, another Two units are located upstairs, providing a practical and desirable layout for tenants. All units have been remodeled and feature hardwood flooring, updated cabinetry, granite counter tops and upgraded bathrooms with quality finishes through. Private patio or balcony for every unit
One 3 bedroom/2 bath unit with 2 car garages.
Three 2 Bedroom / 2 Bath units with 1 -car garage and one assigned uncovered parking space each.
This property offers strong tenant demand and excellent long-term appreciation potential in one of Tustin's most desirable rental market.
Presented By: Lee D.K. Kam with Sunny Hills Real Estate, Inc.; 714-809-2347
Interior Features for 18281 Plaza Way
Other Interior Features
Common Walls1 Common Wall
Laundry FeaturesCommon Area
Total Stories2
Other Rooms
Entry Level
General for 18281 Plaza Way
Additional Parcels Y/NNo
AppliancesDryer
Association NameTustinPlaza Apartment Assn.
Building Area UnitsSquare Feet
CityTustin
Community FeaturesGutter(s)
CountyOrange
DirectionsE/ Holt, N/ Irvine Blvd. TG 830-C2
Electric Expense
Entry Location
Fuel Expense
Garage Spaces5
Garage Y/NYes
Gross Income127800
HOA Fee 2970.44
HOA Fee 2 FrequencyQuarterly
Insurance Expense5148
Land Lease Y/NNo
Listing TermsCash, Cash to New Loan, 1031 Exchange
Lot Size Square Feet8276
Lot Size UnitsSquare Feet
MLS AreaNTS - North Tustin
MaintenanceExpense60
Net Operating Income102301
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Operating Expense25499
Pool FeaturesNone
PostalCityTUSTIN
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidential Income
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot44
Taxes$10,164
Total Actual Rent10350
Trash Expense1711
Water Sewer Expense3396
Year Built1977
Year Built SourceAssessor
Exterior for 18281 Plaza Way
Building Area Total4379
Lot Features2-5 Units/Acre
Lot Size Acres0.19
Lot Size Area8276
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Private PoolNo
Total Parking5
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Limor Zamir
Realtor®