10-Unit Apartment Building with
For Sale
Contact for pricing
549 North Tustin Avenue #32, Santa Ana, CA 92705
Gated community setting with two pool areas, playground space, off-street parking, and on-site laundry facilities.
Property Size7,040 SF
Price / SF$360.80
Days on Market55
Property Features for 549 North Tustin Avenue #32
General Information
Standard status
Active
Size
7,040 SF
Net Rentable
7,040 SF
Property subtype
Multifamily
Occupancy
100%
Net Operating Income
$142,808
Units
Unit Mix
10 x 1BR/1BA
Multifamily Units
10
Additional Details
Highway Access
Yes
Amenities
gated access
pool
playground
off-street parking
on-site laundry
on-site management
Building Details
Year Built
1976
Buildings
1
Units
10
Tenancy
Multi
Listing Agency:
Centennial Advisers
Listed By:
Justin White · License #CA 00875427
(714) 231-2537
Source:
Crexi
Added: Aug 26
Changed: Oct 17
Last Checked: Oct 19 at 5:25AM
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
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Investment Insights
Based on property information with market context.
This 10-unit apartment building at 549 North Tustin Avenue #32 was constructed in 1976 and contains 7,040 gross rentable square feet. The unit mix consists of ten 1-bedroom, 1-bathroom apartments. Community improvements include gated entry, two pool areas, a large playground, off-street parking, and on-site laundry facilities. An HOA operates an on-site management office and handles management, maintenance, and leasing for the community.
The property sits on the Santa Ana–Tustin border, with access to on-ramps for the 55 and 5 freeways a couple of minutes away. Subway Restaurant, Country Café, Noodle Place, and additional services are within walking distance. Hospitals and medical clinics are located north of the property, while The Honda Center and Angel Stadium are approximately fifteen minutes away by car.
The property sits on the Santa Ana–Tustin border, with access to on-ramps for the 55 and 5 freeways a couple of minutes away. Subway Restaurant, Country Café, Noodle Place, and additional services are within walking distance. Hospitals and medical clinics are located north of the property, while The Honda Center and Angel Stadium are approximately fifteen minutes away by car.
Key Highlights
- 10‑unit apartment building with ten 1‑bedroom, 1‑bathroom units
- 7,040 gross rentable square feet; built in 1976
- HOA community with on‑site management office
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.
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Property Analytics
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Lease Details
10
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,549
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Gated community setting with two pool areas, playground space, off-street parking, and on-site laundry facilities.
Where is this apartment building located?
The property is located at 549 North Tustin Avenue #32 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: 10‑unit apartment building with ten 1‑bedroom, 1‑bathroom units; 7,040 gross rentable square feet; built in 1976; HOA community with on‑site management office
