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listing
1 of 5
Residential IncomeSold
List Price $5,600,000
Sold Price $5,250,000
15642 Pasadena Avenue
Tustin, CA 92780
Listed by Tyler Leeson DRE#01451551 [email protected] Marcus & Millichap Re Invest
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$29,006/mo

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.

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Information courtesy of Marcus & Millichap Re Invest is subject to verification and is not guaranteed.
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