$1,128,000
●
House -
Off Market
1151 Mear Lane
Tustin, CA 92780
4 Beds
2 Baths
1,619 Ft²
$5,672
Est. Monthly
About This Property
Welcome to this single-level, beautifully maintained home, located
in a quiet cul-de-sac. The entire house has been freshly painted,
creating a bright and welcoming atmosphere. The kitchen has granite
countertops and a brand new stove, perfect for any home chef. All
the bedrooms have been updated with brand new flooring. The home is
smart-equipped and has energy-efficient double-pane windows,
ensuring comfort and reduced energy costs. The big backyard is
perfect for relaxation, featuring a sparkling pool and a variety of
mature fruit trees, including peaches, jujube, loquat, pomelo,
oranges, lemon& dragon fruit. The property also includes a spacious
circular driveway, offering plenty of parking and easy access.
With great potential for customization, this home is conveniently located near freeways, schools, and shopping. Don't miss out on this fantastic opportunity!
With great potential for customization, this home is conveniently located near freeways, schools, and shopping. Don't miss out on this fantastic opportunity!
Unit Size
1,619 Ft²
Days on Market
88 days
Land Size
0.18 acres
Price per sqft
$713
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1963
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (CRMLS #WS25015248)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 22, 2025 | Sold | ||
| Sold | |||
| Jan 14, 2025 | Listed by Wetrust Realty | $1,155,000 | |
| Listed by Wetrust Realty | |||
Property Highlights
Air Conditioning
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Tustin
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Listed by: Shanshan Li, Wetrust Realty
Last Updated: 2 years ago
Data Source: CRMLS, MLS# WS25015248
Last Updated: 2 years ago
Data Source: CRMLS, MLS# WS25015248
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