15642 Pasadena Avenue is an 11-unit multifamily investment opportunity located in Tustin, California. Built in 1989, 15642 Pasadena Avenue consists of 4, 1 bed/1 bath units and 7, 3 bed/2.5 bath townhome units. Situated on a 0.46-acre lot, the property offers amenities including stainless steel appliances*, quartz countertops*, vinyl, tile, and carpet flooring, central A/C and heat, fireplaces, individual water heaters, private patios, two-car garages with direct access (townhome units), single-car garage parking, and in-unit laundry (*select units). Additionally, 15642 Pasadena Avenue’s in-place rents are currently below market rates, representing an attractive value-add opportunity for a new owner. 15642 Pasadena Avenue has an excellent central Southern California location, situated just south of the State Route 55 and Interstate 5 interchange, providing residents with easy access to Los Angeles, Orange, and Riverside Counties. Additionally, the property is just over 0.50 miles from Old Town Tustin and a plethora of major retail centers along Newport Avenue. The property presents residents with great local employment opportunities as it is within 0.60 miles of the Tustin Unified School District Administration Center as well as the Foothill Regional Medical Center, the first and fourth principal employers, respectively, per Tustin’s 2022 Annual Comprehensive Financial Report.
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/21/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/21/23 at 8:46 AM UTC