Mike Morris
FOR SALE
$1,180,000

1661 Garland Avenue
Tustin, CA 92780

Single Family
Residence
5
Beds
4
Baths
+
1 Half
2,327
Sq. Ft.
0.18
Acre Lot
1of
Photos
Map
Courtesy: Devin Doherty - eXp Realty of California Inc949-328-6995devin@dohertyrealestategroup.com
CRMLS Homeseekers> California> Tustin> 92780
Located In The Heart Of Tustin, This Cul-De-Sac Home Sits In An Amazing, Highly Coveted Neighborhood. The Home Boasts Five Spacious Bedrooms, 4.5 Bathrooms, Sits On A Huge 7800 Square Foot Lot. Exotic Fruit Trees Throughout The Spacious Backyard Provide A Serene Setting, Perfect For Entertaining Or Relaxing After A Long Day Of Fun In The Orange County Sun. Positioned Less Than Twenty Minutes Away From The Spectacular Beaches Of Orange County, The Tustin Marketplace, Disneyland And Professional Sporting Events...Wow! The Options Are Limitless! The Elegant Floor Plan Blends An Open Contemporary Concept With A Traditional Warm Feel Fit For Any Occasion. Looking For Great Schools? Red Hill Elementary And Tustin High School Are Highly Regarded Throughout Orange County As Tremendous Learning Environments. This Home Truly Has Everything You Are Looking For And At This Price, It Will Not Last Long! This Home Is Currently Operated As A Short-Term Rental With A Monthly Revenue Of Over $8000 Dollars. There Are 5 Units (Bedrooms) In The Home, All Of Which Generate Revenue By The Bedroom. This Property Has A Significant Rental History And An Incredible Cash Flow For Anyone Who Desires To Utilize It As A Rental Or Transform It To A Single Family Home. This Home Generates More Than Double The Area Average Rent And Would Be An Excellent Long-Term Investment For Someone Seeking Cash Flow In Orange County. There Are Many House Hack Options! Rooms With Attached Baths Rent For Approximately $100 Per Night And Rooms That Share A Bath Rent For Approximately $75 Per Night. There Are Four Units That Rent On Short Term Rental And One That Is Currently On Long Term Rental. The Property Can Be Delivered Vacant Or Filled With Wonderful Well Qualified Short Term Tenants. Another Option That A Buyer Has On This Home Is To Separate The Home To A One Level Three Bedroom House And A Two Bedroom Home With The Dual Masters Over The Garage. There Is Also A Possibility Of Building A Large Adu In The Back Yard Because The Lot Is So Large. This Home Is Perfect For A Couple Looking For A House Hack Where Your Tenants Can Pay All Or Some Of Your Mortgage. The Solar Lease Is From Tesla And Has Approximately 14 Years Remaining. The Monthly Payments Are $126/Mo And The True Up Was September At $400 For The Year And $70 For 2020. This Means That 20 Panel System Covers ALL Current Electric Needs. The Roof Was Replaced In 2016. Water Bill Approx $40/Mo, Gas $35/Mo. Security Cameras Stay.
OC21225758
Single Family, Traditional, 2 Story
5
Orange
4 Full/1 Half
1964
0.18 Acres
Public
2
Shingle,Stone,Stucco,Wood
Sewer Assessment(s)
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

Walk Score

Transit Score

Bike Score

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Courtesy: Devin Doherty - eXp Realty of California Inc949-328-6995devin@dohertyrealestategroup.com
Licensed in: DRE# 01323878
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