Listing Broker: Justin White
Listing Agent: Justin White
DRE #01954054: 01267826
714.231.2537
Excellent opportunity to acquire a 10-unit multifamily building on the border of Santa Ana and Tustin. Located at 549 N Tustin Ave, this multifamily asset was built in 1976. It offers ten large and well maintained 1 bedroom + 1 bathroom units. The building boasts a total of 7,040 gross rentable square feet and is part of a community of 35 similar buildings. The complex is managed by an HOA which staffs an on-site management office. Gated access, two pool areas, a large playground, off-street parking and on-site laundry facilities make the property particularly appealing for renters and landlords.
The property conveniently located right on the border of Santa Ana and Tustin with onramps to both the 55 and 5 freeways a couple of minutes away. The property is walking distance to Subway Restaurant, Country Café, Noodle Place and more. Just to the North of the property are multiple hospitals and medical clinics offering convenient care and job opportunities. Sports fans will find the location particularly appealing due to its convenient location about fifteen minutes by car to The Honda Center and Angel Stadium.
For the right investor, this multifamily asset represents a the perfect opportunity to generate years of steady cash flow with minimal management or maintenance responsibilities. With the HOA handling management, maintenance and leasing this is the perfect passive investment for an owner who is looking for a completely hands-off ownership experience. As units turn over, the upside in ...
+ Read More| Listing Id: | PW26219588 |
|---|---|
| Property Type: | Residential Income |
| Status: | Active |
| Lot Size Acres: | 8.4206 |
| Waterfront?: | No |
| Subdivision: | Chestnut Square (Chsq) |
| Year Built: | 1976 |
| Basement Yn: | No |
| Building Area Units: | SquareFeet |
| Carport Spaces: | 10.0 |
| Common Walls: | TwoCommonWallsOrMore |
| Entry Level: | 1 |
| Fuel Expense: | 0.0 |
| Gross Scheduled Income: | $223,128 |
| Interior Features: | Balcony |
| Listing Contract Date: | 2026-10-08 |
| Lot Features: | NearPublicTransit, Yard |
| Lot Size Area: | 366801.0 |
| Lot Size Source: | PublicRecords |
| Maintenance Expense: | $1,200 |
| Net Operating Income: | $142,808 |
| New Taxes Expense: | $30,426 |
| Number Of Separate Electric Meters: | 10 |
| Number Of Separate Water Meters: | 1 |
| Parking Features: | Carport |
| Property Attached?: | Yes |
| Rent Control?: | Yes |
| State Or Province: | CA |
| Vacancy Allowance Rate: | 3.0 |
| Water Source: | Public |
| Property Sub Type Additional: | Apartment |
| Country Subdivision: | 06059 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:06059:93071523 |
| List Price: | $2,540,000 |
|---|---|
| Property Sub Type: | Apartment |
| Lot Size Square Feet: | 366,801.0 |
| City: | Santa Ana |
| County Or Parish: | Orange |
| Postal Code: | 92705 |
| Number Of Units Total: | 10 |
| Building Area Total: | 7040.0 |
| Carport?: | Yes |
| Common Interest: | PlannedDevelopment |
| Community Features: | Suburban, Pool |
| Directions: | From Civic Center Drive turn North onto Spurgeon St. |
| Elevation Units: | Feet |
| Entry Location: | Main |
| Garage Spaces: | 0.0 |
| Gross Income: | $223,128 |
| Laundry Features: | CommonArea |
| Listing Agreement: | ExclusiveRightToSell |
| Listing Terms: | Cash, CashToNewLoan |
| Lot Size Acres: | 8.4206 |
| Lot Size Units: | SquareFeet |
| MLS Area Major: | 69 - Santa Ana South Of First |
| Number Of Buildings: | 1 |
| Number Of Separate Gas Meters: | 10 |
| Operating Expense: | $73,626 |
| Original List Price: | $2,540,000 |
| Other Expense: | $42,000 |
| Parcel Number: | 93071523 |
| Parking Total: | 10 |
| Pool Features: | Community, Fenced, InGround |
| Postal City: | SANTA ANA |
| Sewer: | PublicSewer |
| Special Listing Conditions: | Standard |
| Stories Total: | 2 |
| Vacancy Allowance: | 4796 |
| Year Built Source: | PublicRecords |
| Current Price: | $2,540,000.00 |
| Record Signature: | 171,768,143 |
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Based on information from California Regional Multiple Listing Service, Inc. as of October 09, 2026. 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, 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.
California Regional Multiple Listing Service, Inc. data last updated on October 09, 2026 01:14 AM - PT
Property Last Updated: October 09, 2026 01:14 AM - PT
