Remodeled
1041 Walnut, Tustin, CA 92780
For Sale
New
$1,695,000
Three residential units offer a multi-unit configuration in Tustin.
Property Size2,575 SF
Days on Market4
Property Features for 1041 Walnut
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
IFG Realty
Listed By:
Tony Bolton · License CA #01275604
(714) 458-8952
Source:
Stephanieyounggroup
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of IFG Realty
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Investment Insights
Based on property information with market context.
This triplex contains three residential units and was completely remodeled. The property was built in 1964.
The address is 1041 Walnut, Tustin, CA 92780. Shopping, restaurants, and freeways are nearby.
The address is 1041 Walnut, Tustin, CA 92780. Shopping, restaurants, and freeways are nearby.
Key Highlights
- Three‑unit residential property
- Completely remodeled
- Built in 1964
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,315
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,086,300
$1.1M
Cap Rate 7%
$775,929
$775.9K
Cap Rate 9%
$603,500
$603.5K
Market Conditions
NOI Build-Up for 2,575 SF
Gross rent
$80.3K $31.20/SF
− Vacancy
−$2.7K −$1.07/SF
EGI
$77.6K $30.13/SF
− OpEx
−$23.3K −$9.04/SF
NOI
$54.3K $21.09/SF
Area
Orange County, CA
Vacancy
3.42%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,086,300
Cap Rate 7%
$775,929
Cap Rate 9%
$603,500
Alternative Uses
Best Use
Multifamily LT 5
$775.9K
$678.9K – $905.3K
NOI $54,315 @ 7.0% cap · market cap 3.20%
Second Best
Apartment 5plus
$702.1K
$614.4K – $819.2K
NOI $49,150 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$864.9K
$756.8K – $1.01M
NOI $60,542 @ 7.0% cap · market cap 3.57%
Zoning and permitted uses should be independently verified with authorities.
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See the owner, sales and loan history
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Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,289
Businesses Nearby
Explore this area
Business Placement
Demographics for 92780, CA
56,034
Population
18,308
Households
3.1
Avg Household Size
36
Median Age
36%
College-Educated
85%
High-School Grad
6.3 sq mi
ZIP Area
8,894
Density / Sq Mi
$98,647
Median Household Income
$44,849
Median Earnings
$2,211
Median Rent
$832,200
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Orange County, CA
Properties on Market for Triplexes in Orange County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer a multi-unit configuration in Tustin.
Where is this triplex located?
The property is located at 1041 Walnut Tustin, CA.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Three‑unit residential property; Completely remodeled; Built in 1964
