14225 Newport Avenue

Tustin, CA 92780

$3,000,000
Price
Beds
20,038 Sq. Ft.
$150 / Sq. Ft.
20,038
Sq. Ft.
$150
per Sq. Ft.

Description

Great Investment opportunity in Orange County. This Multi Family is located on Newport Blvd in the city of Tustin. Conveniently located this 6 unit multi family building, is calling your name. Comprised of 2 buildings with a common walkway, there are six spacious: each are 1 bedroom, 1 bath units, 6 detached garages and ample parking in the back. Laundry facility is on site. Many of the units have been fully renovated with new flooring, new windows, new ac units, new kitchen appliances, new fixtures....Great Investment opportunity in Orange County. This Multi Family is located on Newport Blvd in the city of Tustin. Conveniently located this 6 unit multi family building, is calling your name. Comprised of 2 buildings with a common walkway, there are six spacious: each are 1 bedroom, 1 bath units, 6 detached garages and ample parking in the back. Laundry facility is on site. Many of the units have been fully renovated with new flooring, new windows, new ac units, new kitchen appliances, new fixtures. All the units are rented out. Also has upgraded electrical (2019) and repiped (2015). Fantastic location with easy access to the 5 and 55 freeways. Also close to shopping, restaurants, churches and schools. Legal non- conforming building. Currently zoned commercial, lots of possibilities and it's already going through ADU approval process.
  1. Listed by Jasmine Sayeed • DRE #02051340 • Brokerage DRE #02215280 • Epique Inc • Jasmine@MelatiRealEstateGroup.com

Property Details for 14225 Newport Avenue

Parking Spaces Total
12
Total Units
6.0
Business Type
Multi-Tenant
Lot Size Source
Assessor
Building Area Total
20038
Building Area Units
Square Feet
Stories Total
1
Entry Level
1
LISTING UPDATED: 11/11/2024 08:53 AM

Property Details for 14225 Newport Avenue

StatusActive
MLS #OC24231900
Days on Market7
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built1953
Lot Size0.46 AC / 20,038 SF
CountyOrange County

Building Information for 14225 Newport Avenue

Stories1Residences-Year Built1953Building Size-Lot Size0.46 AC / 20,038 SF

Property Information for 14225 Newport Avenue

Income / Expense / Tax Details
Income Details
  • Current Financing: Conventional
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Laundry Equipment Own Lease: Own
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Furnace
Exterior Features
  • Security Features: Smoke Detector(s)
  • Construction Materials: Concrete, Drywall Walls
Land/Lot Info
  • Sign on Property: No
  • Lot Features: Front Yard, Greenbelt, Lot 20000-39999 Sqft, Level, Sprinklers In Front
  • Current Use: Multi-Family
  • Land Use: Multi-Family
  • Lease Considered: No
  • Land Lease: No
  • Sprinklers: Yes
  • Utilities: Cable Available, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Uncovered Spaces: 6
  • Carport Spaces: 6
Property / Structure Info
  • Building Status: Existing
  • Asset Class: Multi-Family
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Area: 953
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Area: 953
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Area: 953
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Area: 953
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Area: 953
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Area: 953
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 6
  • Number Of Buildings: 2

Property History for 14225 Newport Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 14225 Newport Avenue

Taxable ValueLand$1,819,554Additions$157,206Total$1,976,760
Tax Record2024$23,200 ($1,933 / month)
Home Facts
Total Finished SqFt3,298 SqFtAbove Grade Finished SqFt3,298 SqFtStories1Lot Size17,017 SqFtStyleMiscellaneous CommercialYear Built1953CountyORANGEAPN402-331-13

Schools near 14225 Newport Avenue

This home is within Tustin Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Benjamin F. Beswick Elementary School
PublicK to 5

Sycamore Magnet Academy
PublicK to 8

Tustin High School
Public9 to 12

Tustin Connect
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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14225 Newport Avenue is a multi-family home for sale in Tustin, CA 92780. This property was listed for sale on November 11, 2024 by Epique Inc, it's currently listed at $3,000,000. It has been on the market for a total of 7 days and was last sold on April 28, 2022. This listing's school district is Tustin Unified School District. Nearby schools include Benjamin F. Beswick Elementary School, Sycamore Magnet Academy and Tustin High School. 14225 Newport Avenue is a 0-bed, 0-bath, 20,038 sqft multi-family home built in 1953.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Epique Inc, Jasmine Sayeed, DRE #02051340

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.