14801 Newport Ave | Tustin, CA 92780
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- LoopNet Team
14801 Newport Ave
Tustin, CA 92780
Multifamily Property For Sale
·
5 Units
INVESTMENT HIGHLIGHTS
- 14801 Newport Avenue features five two-bedroom, two-bath apartment units with balconies, terrace access, and individual gas and electric metering.
- Over $124,000 in recent capital improvements include new HVAC, updated windows, plumbing, electrical, and modernized interiors in select units.
- Strong demographics surround the property with over 624,000 residents and an average household income nearing $124,000 within a 5-mile radius.
- Assumable financing is available at an attractive 3.25% interest rate, fixed through July 2028, providing additional investment appeal for investors.
- Capitalize on an easily accessible location just off the 55 Freeway, near numerous dining and shopping options, and only 12 minutes from Irvine.
PROPERTY FACTS
| No. Units | 5 | Lot Size | 0.33 AC |
| Property Type | Multifamily | Building Size | 5,376 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1965/2024 |
| Building Class | C | Parking Ratio | 0.93/1,000 SF |
| Zoning | R3 - Multiple Family Residential | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 5,376 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2024 |
| Parking Ratio | 0.93/1,000 SF |
| Zoning | R3 - Multiple Family Residential |
AMENITIES
UNIT AMENITIES
- Balcony
- Yard
- Patio
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 5 | $2,650 | 1,075 - 1,076 |
PROPERTY TAXES
| Parcel Number | 402-142-19 | Improvements Assessment | $373,438 |
| Land Assessment | $1,407,162 | Total Assessment | $1,780,600 |
PROPERTY TAXES
Parcel Number
402-142-19
Land Assessment
$1,407,162
Improvements Assessment
$373,438
Total Assessment
$1,780,600
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