307 N Tustin, Anaheim, California 92807, Anaheim, 92807 - bed, bath
ACTIVE$1,500,000
307 N Tustin, Anaheim, California 92807
0Bed
0Bath
4,020Sqft
10,329Lot
Year Built
1964
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$373
HOA
-
Days on market
-
Sold On
-
MLS number
PW25239233
Home ConditionPoor
Features
ViewNeighborhood
About this home
We found 3 Cons,5 Pros.
Great opportunity! 4-plex in great area of Anaheim on N. Tustin. Easy access to 91, 55, and 57 freeways. One 3 bedroom 2 bath, Two 2 bedroom 1 bath, and One 1 bedroom 1 bath. All units rented. All have separate Gas and electric meters and there are 5 one car garages. Laundry on site for extra income.
Price History
Date
Event
Price
11/05/25
Listing
$1,500,000
Condition Rating
Poor
Built in 1964, this property is 60 years old with no mention of significant renovations. The listing explicitly notes a 'Lack of Modernization Details' and 'potential for outdated systems (plumbing, electrical, HVAC) and the need for significant capital expenditures or renovations in the near future.' While the exterior appears maintained, the absence of interior photos, particularly of kitchens and bathrooms, combined with the property's age, strongly indicates these areas and major systems are severely outdated and require substantial repairs and rehabilitation to meet current quality standards.
Pros & Cons
Pros
Immediate Income Generation: All four units are currently rented, providing instant cash flow for an investor from day one.
Strategic Location & Accessibility: Situated in a desirable Anaheim area with excellent access to major freeways (91, 55, 57), enhancing tenant demand and property value.
Diverse Unit Mix: Features a beneficial combination of unit sizes (3B/2B, 2x 2B/1B, 1B/1B), catering to a wide range of tenants and optimizing rental income potential.
Tenant-Centric Amenities: Includes five dedicated one-car garages and on-site laundry facilities, offering valuable conveniences for residents and potential additional revenue streams.
Operational Efficiency: Each unit is equipped with separate gas and electric meters, simplifying utility management for the owner and promoting tenant responsibility.
Cons
Property Age & Potential Deferred Maintenance: Constructed in 1964, the property is over 50 years old, suggesting potential for outdated systems (plumbing, electrical, HVAC) and the need for significant capital expenditures or renovations in the near future.
Lack of Modernization Details: The description does not mention any recent upgrades or renovations, implying units may have dated interiors that could limit rental income potential or require investment to attract premium tenants.
Standard View: The property offers a 'Neighborhood' view, which, while adequate, lacks the premium scenic advantages (e.g., city lights, ocean) that could enhance property value or command higher rental rates.