18281 Plaza Way, Tustin, California 92780, Tustin, 92780 - 0 bed, 0 bath
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Tustin, California 92780
Analysis of 18281 Plaza Way, Tustin, California 92780 is currently available with a list price of $2,050,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.
Property is move-in ready.
While built in 1977, the property is well-maintained with all units recently remodeled featuring hardwood flooring, granite countertops, and updated bathrooms. It is move-in ready with strong tenant appeal, though the use of window AC units suggests older or non-centralized HVAC systems.
Situated within the highly acclaimed Foothill High School attendance area, this property ensures strong tenant demand and long-term value retention in a desirable Tustin rental market.
All four units have been extensively updated with hardwood flooring, granite countertops, and upgraded bathrooms, significantly reducing immediate capital expenditure for the investor.
The property features a rare 3-bedroom unit and three 2-bedroom units, each equipped with private outdoor spaces and garage parking, which are highly sought-after features for quality tenants.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8276, other record lot size in square feet = 7826.
Despite the interior cosmetic renovations, the 1977 construction may necessitate future maintenance or upgrades to aging core systems such as plumbing, roofing, or electrical.
At a list price of $2.05 million, the initial capitalization rate may be lower than other markets, requiring strategic management to maximize cash flow and yield.
Exceptional investment opportunity featuring a desirable Covington-style fourplex within the acclaimed Foothill high school attendance area. This well-maintained property is ideal for long-term investors or 1031 Exchange replacement property. The property offers an attractive unit mix consisting of One spacious 3-bedroom/ 2 bath unit,and 0ne 2bed/2bath units are located on the ground level, another Two units are located upstairs, providing a practical and desirable layout for tenants. All units have been remodeled and feature hardwood flooring, updated cabinetry, granite counter tops and upgraded bathrooms with quality finishes through. Private patio or balcony for every unit One 3 bedroom/2 bath unit with 2 car garages. Three 2 Bedroom / 2 Bath units with 1 -car garage and one assigned uncovered parking space each. This property offers strong tenant demand and excellent long-term appreciation potential in one of Tustin's most desirable rental market.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,379 | - |
| Lot Size | 8,276 | - |
| Price | $2.05M | $2.33M |
| Price per sq ft | $468 | $527 |
| Built year | 1977 | 0 |
| HOA | $0 | $0 |
| Days on market | 29 | 364 |
Jun 23, 2026
$2,050,000
Initial Listing