Apartment Building with
New
For Sale
$2,540,000
549 N Tustin Avenue, Santa Ana, CA 92705
The property includes carport parking and balcony features.
Property Size7,040 SF
Days on Market7
Property Features for 549 N Tustin Avenue
General Information
Standard status
Active
Size
7,040 SF
Total Parking Spaces
10
Property subtype
Residential Income
Net Operating Income
$142,808
Amenities
Suburban, Pool
Carport
Balcony
Building Details
Building Size
7,040 SF
Year Built
1976
Buildings
1
Stories
2
Listing Agency:
Centennial Advisers
Listed By:
Justin White · License #00875427
(714) 231-2537
Source:
Evrealestate
Added: Oct 8
Changed: Oct 13
Last Checked: Oct 13 at 2:31AM
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 Centennial Advisers
Investment Insights
Based on property information with market context.
This apartment building was constructed in 1976 and includes balconies and a carport. The property is located at 549 N Tustin Avenue in Santa Ana, California. Directions are provided from Civic Center Drive, with a northbound turn onto Spurgeon Street.
Key Highlights
- Built in 1976
- Balconies and carport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,151
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,263,020
$2.3M
Cap Rate 7%
$1,616,443
$1.6M
Cap Rate 9%
$1,257,233
$1.3M
Market Conditions
NOI Build-Up for 7,040 SF
Gross rent
$215.4K $30.60/SF
− Vacancy
−$9.7K −$1.38/SF
EGI
$205.7K $29.22/SF
− OpEx
−$92.6K −$13.15/SF
NOI
$113.2K $16.07/SF
Area
ZIP 92705
Vacancy
4.50%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,263,020
Cap Rate 7%
$1,616,443
Cap Rate 9%
$1,257,233
Alternative Uses
Best Use
Apartment 5plus
$1.62M
$1.41M – $1.89M
NOI $113,151 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.12M
$1.85M – $2.47M
NOI $148,104 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,549
Businesses Nearby
Explore this area
Business Placement
Demographics for 92705, CA
45,902
Population
16,642
Households
2.8
Avg Household Size
40
Median Age
46%
College-Educated
87%
High-School Grad
11.8 sq mi
ZIP Area
3,890
Density / Sq Mi
$125,928
Median Household Income
$51,830
Median Earnings
$2,250
Median Rent
$1,135,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - The property includes carport parking and balcony features.
Where is this apartment building located?
The property is located at 549 N Tustin Avenue Santa Ana, CA.
What is the asking price?
The asking price for this property is $2,540,000.
What are key features of this property?
This property features: Built in 1976; Balconies and carport
