First time on the market since 1984. Well located, value-add opportunity of four units in the desirable Tustin apartment submarket. Building is approximately 4700 rentable square feet. The last sale of a comparable 4-plex located just around the corner on Scherer Place closed at $1,337,500 in April of 2019.
The Carfax property is comprised of (2) spacious single level 2-bedroom, 2-bathroom units;(1) 2-bedroom, 1.5 bathroom townhouse and (1) very large 3-bedroom, 1.5 bathroom townhouse style unit. All have large private yards, forced air heat and A/C, and separate hot water heaters. There is community laundry. Three of the four units have fireplaces. There are two double garages, with eight open off-street spaces. Unit interiors are very clean and in basically original condition; the roof has seen its useful life and seller is aware of that condition. Unit C is a 37-year resident and is vacating 7/31. The new rental rate will be ~$2300.

Seller is motivated and looking for offers!!