15821 S Myrtle, Tustin, California 92780, Tustin, 92780 - bed, bath
15821 S Myrtle
Tustin, California 92780
Property Price
SUMMARY
Analysis of 15821 S Myrtle, Tustin, California 92780 is currently available with a list price of $1,660,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Tustin Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1963, this triplex is well-maintained and currently income-generating, but it shows signs of age consistent with its vintage. The kitchens and bathrooms feature older cabinetry, dated tile work, and standard appliances rather than modern, high-end renovations. While the property is functional and move-in ready for tenants, it lacks the comprehensive recent updates to major systems and aesthetics required for a 'good' or 'excellent' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Detached Unit Configuration
The property consists of three detached units with separate entrances, providing tenants with enhanced privacy and reducing noise complaints compared to traditional shared-wall multi-family structures.
- Strong Rental Yield
With a gross monthly income of approximately $7,321 and individually metered electricity, the property offers a robust cash flow profile and lower landlord utility overhead.
- Strategic Central Location
Located in the heart of Tustin with immediate access to retail, schools, and major transportation routes, the property is positioned in a high-demand rental market with long-term stability.
CONSRISKS & DEFICIENCIES
- Vintage Construction
Built in 1963, the property may require significant capital investment for modernizing aging systems or addressing deferred maintenance typical of 60-year-old structures.
- Due Diligence Requirements
The explicit requirement for the buyer to verify permits, zoning, and square footage suggests potential discrepancies that could complicate financing or future development plans.
About 15821 S Myrtle
15821–15825 S Myrtle Ave, Tustin | Triplex | Offered at $1,660,000 Located in a central Tustin location with convenient access to retail, schools, employment centers, and major transportation routes, this three-unit residential property consists of three detached units with separate entrances and individually metered electricity. The front unit (15821) is approximately 1,200 square feet and features 3 bedrooms and 2 bathrooms with a kitchen, living area, and private yard. The middle unit (15823) offers 2 bedrooms and 2 bathrooms with a kitchen, living area, private yard, and in-unit washer and dryer. The rear unit (15825) offers 2 bedrooms and 2 bathrooms with a kitchen and living area. Current gross rental income is approximately $7,321 per month (approximately $90,336 annually). Buyer to verify all information including income, expenses, square footage, permits, zoning, and property condition.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1963
- Lot Size
- 7,841 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 2.0 | 5% |
| Baths | - | 2.0 | 5% |
| Square foot | 3,130 | 1,054 | 95% |
| Lot Size | 7,841 | 130,442.5 | 41% |
| Price | $1.66M | $584.0K | 95% |
| Price per sq ft | $530 | $600 | 36% |
| Built year | 1963 | 1968 | 18% |
| HOA | $0 | $385 | 5% |
| Days on market | 4 | 133 | 5% |
Pricing History
Listed for Sale
Mar 3, 2026
$1,660,000
Initial Listing