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Multifamily

Holiday Garden Apartments

15601 Tustin Village Way, Tustin, CA 92780

Listing Price: $20,000,000

Cap Rate
3.71%
Number of Units
58
Price/Unit
$344,828
Price/Gross SF
$364.54
Gross SF
54,864

Investment Overview

The Neema Group of Marcus and Millichap is pleased to present 15601 Tustin Village Way, a 54,864 sf multi-family building conveniently located in the delights of Tustin, Orange County where life and entertainment converge. 15601 Tustin Village Way sits in a quiet area nestled in an established family neighborhood. Easy access to Santa Ana Freeway, Interstate 405 and 55 Freeway to explore the area’s finest shops, restaurants, and entertainment. The Market Place is only minutes away and offers an array of national retailers, restaurants, and nightlife. Along with premier shops and restaurants, The District at Tustin Legacy meets all the shopping needs with anchor stores such as Whole Foods Market and Target. Known as the “City of Trees,” this area has beautiful landscapes and several trees that have been in the community for years, including three massive sycamores that are hundreds of years old. Trails and activities are available at Limestone Canyon Regional Park. The park has over 40,000 acres of protected wildlands with equestrian rides, guided tours and more. 15601 Tustin Village Way’s prime location sits just north of Irvine, which means residents are a short drive from Costa Mesa and Newport Beach. Only 9 minutes away from John Wayne International Airport. Additionally, the subject property benefits from proximate and (future) direct connectivity to Tustin Metrolink Station and other public transportation connection points. Rail travel is a growing option for daily commuters traveling to and from neighboring central business hubs.

Investment Highlights

  • The subject property was built in 1967, featuring 58-units located in a prime Orange County location West of the 5 FWY and 55 FWY.
  • The subject property totals 54,864 SF featuring a unit mix that includes 34 one-bedrooms, 24 two-bedrooms with air-conditioning and ceiling fans.
  • This stabilized investment is being offered at a 3.72% CAP rate and provides an investor the opportunity to acquire a well-maintained asset with minimal deferred maintenance.

Exclusively Listed By

Listing Price: $20,000,000

Cap Rate
3.71%
Number of Units
58
Price/Unit
$344,828
Price/Gross SF
$364.54
Gross SF
54,864

Investment Highlights

  • The subject property was built in 1967, featuring 58-units located in a prime Orange County location West of the 5 FWY and 55 FWY.
  • The subject property totals 54,864 SF featuring a unit mix that includes 34 one-bedrooms, 24 two-bedrooms with air-conditioning and ceiling fans.
  • This stabilized investment is being offered at a 3.72% CAP rate and provides an investor the opportunity to acquire a well-maintained asset with minimal deferred maintenance.

Investment Overview

The Neema Group of Marcus and Millichap is pleased to present 15601 Tustin Village Way, a 54,864 sf multi-family building conveniently located in the delights of Tustin, Orange County where life and entertainment converge. 15601 Tustin Village Way sits in a quiet area nestled in an established family neighborhood. Easy access to Santa Ana Freeway, Interstate 405 and 55 Freeway to explore the area’s finest shops, restaurants, and entertainment. The Market Place is only minutes away and offers an array of national retailers, restaurants, and nightlife. Along with premier shops and restaurants, The District at Tustin Legacy meets all the shopping needs with anchor stores such as Whole Foods Market and Target. Known as the “City of Trees,” this area has beautiful landscapes and several trees that have been in the community for years, including three massive sycamores that are hundreds of years old. Trails and activities are available at Limestone Canyon Regional Park. The park has over 40,000 acres of protected wildlands with equestrian rides, guided tours and more. 15601 Tustin Village Way’s prime location sits just north of Irvine, which means residents are a short drive from Costa Mesa and Newport Beach. Only 9 minutes away from John Wayne International Airport. Additionally, the subject property benefits from proximate and (future) direct connectivity to Tustin Metrolink Station and other public transportation connection points. Rail travel is a growing option for daily commuters traveling to and from neighboring central business hubs.

Exclusively Listed By

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