11045 Alderman Avenue, Tustin, California 92782, Tustin, 92782 - 2 bed, 3 bath
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Tustin, California 92782
This Tustin Ranch Townhome represents a Strong Value Opportunity, listed at $889,000—positioned slightly above the $876,881 Fair Market Value. While the property requires cosmetic updates, its Condition Rating of 4 is bolstered by significant mechanical upgrades, including a new HVAC system and complete repipe. Located in the prestigious Cantada community within the Tustin Unified School District, this home offers a rare chance to personalize a space in a prime location. It is an ideal acquisition for Value-Add Investors or first-time buyers seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11045 Alderman Avenue Subject | $889,000* List Price | 2 | 3 | 1,324 | $662 | - |
A 2640 Dunstan Active | $839,000 List Price | 2 | 3 | 1,324 | $634 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1994, the property is 30 years old and features original, dated interior cosmetics. While the major systems are excellent due to a recent full repipe and new HVAC/water heater, the kitchen, baths, and flooring require modernization to meet current standards.
The property features significant recent capital improvements including a new HVAC system, new ductwork, a complete repipe, and a new water heater, saving the buyer from high-cost essential repairs.
Situated in the highly desirable Cantada community, the home offers access to award-winning Tustin schools, resort-style amenities, and close proximity to premium golf, dining, and shopping.
The interior boasts soaring ceilings and abundant natural light, providing a spacious and airy feel that enhances the overall living experience within the 1,324 square foot layout.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1324, other record living area = 1274.
The listing is positioned as a 'personalization opportunity,' suggesting that the interior finishes are likely dated and will require additional investment for modern cosmetic renovations.
At $591 per month, the association fees are relatively high, which may impact the monthly affordability and overall budget for some prospective buyers.
Exceptional opportunity in the highly desirable Cantada community of Tustin Ranch. This spacious townhome offers a private setting, soaring ceilings, abundant natural light, and the rare chance to personalize a home in one of Orange County’s most sought-after neighborhoods. Major recent improvements provide peace of mind, including a new HVAC system, new ductwork, complete repipe, new water heater, and upgraded garage door—allowing the next owner to focus on cosmetic updates and personal design preferences rather than costly mechanical improvements. Enjoy resort-style community amenities, award-winning Tustin schools, nearby parks, hiking trails, golf, shopping, dining, and convenient freeway access. Whether you’re a first-time buyer, investor, or someone looking to create your dream home, this is a tremendous value in the heart of Tustin Ranch.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,324 | 1,161 |
| Lot Size | 29,522 | 129,743 |
| Price | $889.0K | $755.3K |
| Price per sq ft | $671 | $634 |
| Built year | 1994 | 1979 |
| HOA | $591.0 | $378 |
| Days on market | 42 | 43 |
Jun 10, 2026
$889,000
Initial Listing
May 8, 2001
$259,000
Public Record
Apr 21, 1999
$195,000
Public Record