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Multifamily

Tuscan Villas Apartment Homes

1370 San Juan St, Tustin, CA 92780

Listing Price: $5,500,000

Cap Rate
3.00%
Number of Units
9
Price/Unit
$611,111
Price/Gross SF
$518.48
Gross SF
10,608

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present Tuscan Villas Apartment Homes, a 9-unit multifamily investment property located at 1370 San Juan Street, Tustin, CA. This is a unique and rare opportunity to acquire in Tustin, a submarket with limited historical transactional velocity. Tuscan Villas Apartment Homes offers 10,608 net rentable square feet and features an attractive unit mix of 3, two-bedroom units and 6, three-bedroom units. The property offers a fantastic amenity package including a remote-controlled gated access parking garage, private balconies, in-unit laundry hookups, and a swimming pool. Furthermore, new ownership can take advantage of the property’s spacious lot to add additional dwelling units to further increase rental income (Buyer to verify with the city of Tustin). Additionally, each unit is built as a condo and is individually parceled, providing ownership with multiple exit strategies. Tuscan Villas Apartment Homes offers residents a premier Tustin location, situated adjacent to Tustin High School and within walking distance of Old Town Tustin. The property is within a 0.65-mile radius of El Camino Plaza, Tustin Plaza, Larwin Square, and Tustin Heights Shopping Center placing residents in close proximity to their everyday needs. The property also benefits from its close proximity to Interstate 5 and State Route 55, providing residents with convenient access to employment hubs throughout Orange County. The Tustin submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 97.6 percent and a yearly rent growth of 6 percent in 2021, demonstrating the strong demand for rental housing. Tustin’s excellent location and strong economic growth have made it one of Southern California’s most desirable and versatile markets. Ideally positioned at the crossroads between North and South Orange County, Tuscan Villas Apartment Homes is poised to capture the benefits of a solid rental market and enjoy future growth.

Investment Highlights

  • A 9-Unit Multifamily Investment Property Located in Tustin, CA
  • Units are Built as Condos Providing Multiple Exit Strategies
  • Desirable Unit Mix of Two & Three-Bedroom Floor Plans
  • Attractive Amenity Package: Private Balconies, Swimming Pool, In-Unit Laundry Hookups, & Ample Garage Parking with Remote Controlled Access
  • Situated Near Major Retailers & Transportation Routes

Exclusively Listed By

Multifamily

Tuscan Villas Apartment Homes

Listing Price: $5,500,000

Cap Rate
3.00%
Number of Units
9
Price/Unit
$611,111
Price/Gross SF
$518.48
Gross SF
10,608

Investment Highlights

  • A 9-Unit Multifamily Investment Property Located in Tustin, CA
  • Units are Built as Condos Providing Multiple Exit Strategies
  • Desirable Unit Mix of Two & Three-Bedroom Floor Plans
  • Attractive Amenity Package: Private Balconies, Swimming Pool, In-Unit Laundry Hookups, & Ample Garage Parking with Remote Controlled Access
  • Situated Near Major Retailers & Transportation Routes

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present Tuscan Villas Apartment Homes, a 9-unit multifamily investment property located at 1370 San Juan Street, Tustin, CA. This is a unique and rare opportunity to acquire in Tustin, a submarket with limited historical transactional velocity. Tuscan Villas Apartment Homes offers 10,608 net rentable square feet and features an attractive unit mix of 3, two-bedroom units and 6, three-bedroom units. The property offers a fantastic amenity package including a remote-controlled gated access parking garage, private balconies, in-unit laundry hookups, and a swimming pool. Furthermore, new ownership can take advantage of the property’s spacious lot to add additional dwelling units to further increase rental income (Buyer to verify with the city of Tustin). Additionally, each unit is built as a condo and is individually parceled, providing ownership with multiple exit strategies. Tuscan Villas Apartment Homes offers residents a premier Tustin location, situated adjacent to Tustin High School and within walking distance of Old Town Tustin. The property is within a 0.65-mile radius of El Camino Plaza, Tustin Plaza, Larwin Square, and Tustin Heights Shopping Center placing residents in close proximity to their everyday needs. The property also benefits from its close proximity to Interstate 5 and State Route 55, providing residents with convenient access to employment hubs throughout Orange County. The Tustin submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 97.6 percent and a yearly rent growth of 6 percent in 2021, demonstrating the strong demand for rental housing. Tustin’s excellent location and strong economic growth have made it one of Southern California’s most desirable and versatile markets. Ideally positioned at the crossroads between North and South Orange County, Tuscan Villas Apartment Homes is poised to capture the benefits of a solid rental market and enjoy future growth.

Exclusively Listed By

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