Residential Income
For Sale
$605,000
16647 Montego, Tustin, CA 92780
The two-story residence is part of a community with pools, a clubhouse, and a playground.
Property Size1,188 SF
Price / SF$509.26
Days on Market19
Property Features for 16647 Montego
General Information
Standard status
Active
Size
1,188 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Amenities
swimming pools
clubhouse
playground
landscaped common areas
Building Details
Year Built
1964
Stories
2
Listing Agency:
Century 21 Allstars
Listed By:
Misael Vasquez misael@calreopro.com
Source:
Findhomesinsandiegoarea
Added: Oct 12
Changed: Oct 28
Last Checked: Oct 30 at 2:28PM
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 Century 21 Allstars
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Investment Insights
Based on property information with market context.
This two-story townhome is located at 16647 Montego in Tustin Village, an established residential community in Tustin. The home was built in 1964.
Community amenities include swimming pools, a clubhouse, a playground, and landscaped common areas. Shopping, dining, parks, and the 55 and I-5 freeways are identified among the surrounding conveniences.
Community amenities include swimming pools, a clubhouse, a playground, and landscaped common areas. Shopping, dining, parks, and the 55 and I-5 freeways are identified among the surrounding conveniences.
Key Highlights
- Two‑story townhome built in 1964
- Community amenities include swimming pools, a clubhouse, and a playground
- Landscaped common areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,676
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,520
$453.5K
Cap Rate 7%
$323,943
$323.9K
Cap Rate 9%
$251,956
$252.0K
Market Conditions
NOI Build-Up for 1,188 SF
Gross rent
$42.8K $36.00/SF
− Vacancy
−$1.5K −$1.30/SF
EGI
$41.2K $34.70/SF
− OpEx
−$18.6K −$15.62/SF
NOI
$22.7K $19.09/SF
Area
Orange County, CA
Vacancy
3.60%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,520
Cap Rate 7%
$323,943
Cap Rate 9%
$251,956
Alternative Uses
Best Use
Apartment 5plus
$323.9K
$283.5K – $377.9K
NOI $22,676 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$399.0K
$349.2K – $465.5K
NOI $27,932 @ 7.0% cap · market cap 4.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,238
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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Frequently Asked Questions
What type of property is this?
Residential income property - The two-story residence is part of a community with pools, a clubhouse, and a playground.
Where is this residential income property located?
The property is located at 16647 Montego Tustin, CA.
What is the asking price?
The asking price for this property is $605,000.
What are key features of this property?
This property features: Two‑story townhome built in 1964; Community amenities include swimming pools, a clubhouse, and a playground; Landscaped common areas
