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16602-16606 Alliance Ave
Tustin, CA 92780
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Attractive Unit Mix of 1,2, and 3 Bedrooms
- Over a 5% Cap Rate on Market Rents
- Over 30% Upside in Rents
- Gated Entrance and Garage Parking
PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.27 AC |
| Property Type | Multifamily | Building Size | 6,981 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1965 |
| Building Class | C | Parking Ratio | 1/1,000 SF |
| Zoning | R-3, Tustin | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 6,981 SF |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R-3, Tustin |
AMENITIES
UNIT AMENITIES
- Balcony
SITE AMENITIES
- Laundry Facilities
- Gated
ABOUT 16602-16606 ALLIANCE AVE , TUSTIN, CA 92780
Triqor Group is pleased to present the opportunity to acquire The Alliance Avenue Apartments, a 6-unit apartment building located in the city of Tustin, CA. Built in 1965; the property offers a good unit mix consisting of (1) 3 bedroom 2 bathroom unit, (4) 2 bedroom 1 bathroom units and (1) 1 bedroom 1 bath unit. Some amenities include an on-site laundry facility, gated entrance, garage parking and spacious yards/patios. Each unit features tile floors, tile kitchen floors, walk-in closets and dishwashers. The building is individually metered for gas and electricity. The Alliance Avenue Apartments offers an investor the opportunity to purchase an income producing asset with over 30% upside in rents and a 5.3% cap rate on market rents.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $1,325 | 750 |
| 2+1 | 4 | $1,338 | 1,200 |
| 3+2 | 1 | $1,600 | 1,400 |
PROPERTY TAXES
| Parcel Number | 402-292-09 | Improvements Assessment | $490,338 |
| Land Assessment | $832,362 | Total Assessment | $1,322,700 |
PROPERTY TAXES
