Second-Level Office
H-511 E 1st St Tustin, CA 92780
H-511 E 1st St, Tustin, CA, 92780
$450,000
For Sale
$450,000
Well-maintained second-level office condo with central heat and AC, four private offices, and private restroom.
Property Size851 SF
Price / SF$528.79
Days on Market194
Property Features for H-511 E 1st St
General Information
- Standard status
- Active
- Size
- 851 SF
Listing agency
Silverback Gorilla Group
(714) 677-2153
Listed by
Phong Tran
(714) 677-2153
Source
Exprealty
Added: Jan 9 Updated: Jul 22 at 4:52AM Checked: Jul 22 at 4:52AM
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 Silverback Gorilla Group
Investment Insights
Based on property information with market context.
This second-level professional office condo is designed for focused work, featuring a lobby, four private offices, a private restroom, and a small storage room. Interior improvements include hardwood flooring throughout, tile in the restroom, recessed lighting, and strong natural light exposure. The suite is equipped with central heat and air conditioning and is described as well maintained.
The property is available for sale with instructions that buyers should not disturb the current tenant.
The approximate suite size is 851 square feet, with the improvements and layout supporting a private-office configuration.
The property is available for sale with instructions that buyers should not disturb the current tenant.
The approximate suite size is 851 square feet, with the improvements and layout supporting a private-office configuration.
Key Highlights
- Second‑level professional office condo with approximately 851 SF
- Features 4 private offices plus a private restroom and small storage room
- Central heat and AC
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.4k | $29.88 |
| − Vacancy | −$3.1k | −$3.66 |
| EGI | $22.3k | $26.22 |
| − OpEx | −$5.6k | −$6.55 |
| NOI | $16.7k | $19.66 |
851 SF · lease $29.88/SF/yr · vacancy 12.25% · expense 25.00%
Alternative Uses
Best Use
Office B
$239.1K
$209.2K – $278.9K
NOI $16,735 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$285.8K
$250.1K – $333.5K
NOI $20,008 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Well-maintained second-level office condo with central heat and AC, four private offices, and private restroom.
Where is this office units located?
The property is located at H-511 E 1st St Tustin, CA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Second‑level professional office condo with approximately 851 SF; Features 4 private offices plus a private restroom and small storage room; Central heat and AC
