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15962-16002 S Myrtle Ave
Tustin, CA 92780
The Newporter and Tustana Apartments · Multifamily Property For Sale
·
30 Units
Property Facts
| No. Units | 30 | Lot Size | 1.03 AC |
| Property Type | Multifamily | Building Size | 27,317 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 2.09/1,000 SF |
| Zoning | R-3, Tustin | ||
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.03 AC |
| Building Size | 27,317 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 2.09/1,000 SF |
| Zoning | R-3, Tustin |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Range
Site Amenities
- Courtyard
- Laundry Facilities
About 15962-16002 S MYRTLE AVE , TUSTIN, CA 92780
CBRE, as the exclusive listing agent, is pleased to present for sale Newporter and Tustana Apartments, a multifamily community comprised of 30 units on two parcels in Tustin, California. The property is located in a strong rental market of Tustin, on the corner of South Myrtle Avenue and Newport Avenue. Built in 1964, Newporter and Tustana Apartments consist of 27,317 rentable square feet on two parcels totaling 44,709 square feet. The unit mix includes six (6) one-bedroom units, fourteen (14) two-bedroom one-bathroom units and ten (10) two-bedroom two-bathroom units. The property has a gated swimming pool, and two on-site laundry facilities. There are 22 covered tandem parking spaces (44 total spaces), nine covered regular spaces and four open surface parking spaces. This opportunity presents an investor to acquire an apartment complex in a desirable submarket of Tustin. Tenants benefit from the many shopping options at the District at Tustin Legacy and the Tustin Marketplace to the south and quick access to both the 5 and 55 freeways.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,175 | 786 |
| 2+1 | 14 | $1,478 | 900 |
| 2+2 | 10 | $1,575 | 1,000 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $4,294,743 | |
| Land Assessment | $4,908,282 | Total Assessment | $9,203,025 |
Property Taxes
