Sold

Closed

15642 Pasadena Avenue

Tustin CA, 92780

$5,250,000


$434.17 per sqft

Sold

Closed

12,092 sqft

Condo

Built in 1989

Listed by Tyler Leeson with Marcus & Millichap RE Invest 949-419-3200

15642 Pasadena Avenue is an 11-unit multifamily investment opportunity located in Tustin, California. Built in 1989, 15642 Pasadena Avenue consists of 4, 1 bed/1 bath units and 7, 3 bed/2.5 bath townhome units. Situated on a 0.46-acre lot, the property offers amenities including stainless steel appliances*, quartz countertops*, vinyl, tile, and carpet flooring, central A/C and heat, fireplaces, individual water heaters, private patios, two-car garages with direct access (townhome units), single-car garage parking, and in-unit laundry (*select units). Additionally, 15642 Pasadena Avenue's in-place rents are currently below market rates, representing an attractive value-add opportunity for a new owner. 15642 Pasadena Avenue has an excellent central Southern California location, situated just south of the State Route 55 and Interstate 5 interchange, providing residents with easy access to Los Angeles, Orange, and Riverside Counties. Additionally, the property is just over 0.50 miles from Old Town Tustin and a plethora of major retail centers along Newport Avenue. The property presents residents with great local employment opportunities as it is within 0.60 miles of the Tustin Unified School District Administration Center as well as the Foothill Regional Medical Center, the first and fourth principal employers, respectively, per Tustin's 2022 Annual Comprehensive Financial Report.

OC23042325

MLS ID

March 15, 2023

Listed

May 25, 2024

Updated

Map

15642 Pasadena Avenue
Tustin CA, 92780

Interior Features

Total Stories

2


Appliances

Dryer, Washer


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.46 Acres


Lot Features

Landscaped


Sewer

Public Sewer

Other Property Details

Area Name

699 - Not Defined


Days on Market

36


Garage

Yes


Garage Spaces

25


Parking Total

28


View

No


County

Orange


Water Source

Public


Pool

No


Pool Features

None


Buyer Agency Compensation

2.25%

Listing History

Date

Event

Price

5/18/2023

Sold

$5,250,000

5/7/2023

Price Change

$5,250,000

-7%

5/7/2023

Unknown

4/27/2023

Pending

4/20/2023

Under Contract

4/13/2023

Active

Listing Contact: 949-419-3200 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/25/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 5/25/2024 at 2:24 AM UTC

 

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