INVESTMENT: Would you buy two 150k properties with higher rents in Tustin, or one 300k property in Irvine?
- Thread starter rikkus256_IHB
- Start date
NEW -> Contingent Buyer Assistance Program
Only 18 more to go. Keep going.
Those are all short-sale "prices". Just saying.
But I will always lean towards Irvine (although the $300k properties aren't very nice, IMO).
Show me properties in Irvine that sell for $300K and rent for $1800 a month. Use cites. No shortsales.
Oh, I thought you guys were arguing the 150K in tustin and accepting the $300K / $1800/month rent in Irvine. If you can't even get that in Irvine, my scenario is pointless. I don't know Irvine in depth.
Newport Skipper, I saw that you just edited this post to add that last line. I'm going to ask you to please stop throwing rocks at each other. You may not believe it, but just trust me on this, the others have exhibited some restraint in their responses to you. Could you please make a similar effort? I would appreciate it. Thank you in advance.
With three months of vacancy a year? I bet you can get $1500 too.
If you can't post a link with an address, from now on it doesn't exist. Back up your work people. I went to school more than 20 years ago, and if you want to prove a data point, please show a cite.
I said please. If you make a point going forward without a cite, you'll get pictures. You don't want pictures from me.
Virtually none of Newport Renter's cites are valid. So far, I have no results for
15500 Tustin Village Way 65
1550 Tustin Village Way 19
15500 Tustin Village Way 113
and incomplete results for:
15500 Tustin Village Way 10
on his list of cites, I come up 100% bullshit so far - therefore, he is either 1. crazy 2. lying 3. trolling.
You pick.
It may be old and sell for $150k. However, will it really rent for $1500 in the coming years? The way I see it, we have had artificial rent inflation that piggy-backed on the housing bubble. I don't see a mechanism that would support $1500/month for long on these properties. Even if today we can find a 2 BR for $1350 on Craigslist, I see it as unsustainable. I could be wrong, though.
irvine_home_owner_IHB
New member
I take it NewportSkipper is not from the Irvine/Tustin area by his sidestepping.
Plus, if you want to get technical about what the OP was asking... he asked about specific price/rent properties in Tustin. I think the initial posts agree that would be a good investment, the problem was actually finding such properties and being able to effectively rent them out at that multiplier not just once... but TWICE.
And unless you are familiar with that area, it's easier said than done. Since you feel all of those are 10x rent and so easy to upkeep... would you do it?
Plus, if you want to get technical about what the OP was asking... he asked about specific price/rent properties in Tustin. I think the initial posts agree that would be a good investment, the problem was actually finding such properties and being able to effectively rent them out at that multiplier not just once... but TWICE.
And unless you are familiar with that area, it's easier said than done. Since you feel all of those are 10x rent and so easy to upkeep... would you do it?
N
NewportSkipper_IHB
Guest
Stop acting crazy.
no_vaseline_IHB
New member
NewportSkipper said:
Only 18 more to go. Keep going.
bigmoneysalsa_IHB
New member
NewportSkipper said:
Those are all short-sale "prices". Just saying.
RobertLarsen_IHB
New member
Okay how about this: Buy 2 places in Lake Elsinore or Temecula that rent for 1400-1600/month for 150k each or one property in Irvine that costs 300K and rents for $1800.
Keep in mind, you will never live in either one.
Keep in mind, you will never live in either one.
irvine_home_owner_IHB
New member
Right now... I wouldn't do either.RobertLarsen said:
But I will always lean towards Irvine (although the $300k properties aren't very nice, IMO).
no_vaseline_IHB
New member
RobertLarsen said:
Show me properties in Irvine that sell for $300K and rent for $1800 a month. Use cites. No shortsales.
N
NewportSkipper_IHB
Guest
Since you apparently missed it:
Recent sales at Tustin Village Way:
15500 Tustin Village Way 10 $116,000
15500 TUSTIN VILLAGE Way 65 $106,000
15500 Tustin Village Way 19 $130,000
15500 Tustin Village Way 113 $125,000
15500 Tustin Village Way 57 $126,000
15500 Tustin Village Way 103 $120,000
15500 Tustin Village Way 118 $130,000
15500 Tustin Village Way 36 $125,000
15500 Tustin Village Way 33 $130,000
15500 Tustin Village Way 21 $125,500
15500 Tustin Village Way 110 $133,000
15500 Tustin Village Way 23 $150,000
15500 Tustin Village Way 16 $130,000
15500 Tustin Village Way 107 $139,900
15500 Tustin Village Way 51 $140,000
15550 Tustin Village Way 86 $177,000
It is the very people who are liars themselves who accuse others of lying.
Recent sales at Tustin Village Way:
15500 Tustin Village Way 10 $116,000
15500 TUSTIN VILLAGE Way 65 $106,000
15500 Tustin Village Way 19 $130,000
15500 Tustin Village Way 113 $125,000
15500 Tustin Village Way 57 $126,000
15500 Tustin Village Way 103 $120,000
15500 Tustin Village Way 118 $130,000
15500 Tustin Village Way 36 $125,000
15500 Tustin Village Way 33 $130,000
15500 Tustin Village Way 21 $125,500
15500 Tustin Village Way 110 $133,000
15500 Tustin Village Way 23 $150,000
15500 Tustin Village Way 16 $130,000
15500 Tustin Village Way 107 $139,900
15500 Tustin Village Way 51 $140,000
15550 Tustin Village Way 86 $177,000
It is the very people who are liars themselves who accuse others of lying.
RobertLarsen_IHB
New member
no_vaseline said:
Oh, I thought you guys were arguing the 150K in tustin and accepting the $300K / $1800/month rent in Irvine. If you can't even get that in Irvine, my scenario is pointless. I don't know Irvine in depth.
N
NewportSkipper_IHB
Guest
And all two bedrooms under $150,000 closed in 2009:
16602 Montego Way $98,000
15500 Tustin Village Way 10 $116,000
15500 TUSTIN VILLAGE Way 65 $106,000
15500 Tustin Village Way 19 $130,000
15500 Tustin Village Way 113 $125,000
15500 Tustin Village Way 57 $126,000
682 W Main St B $122,000
17121 Mcfadden Ave 3 $120,000
15500 Tustin Village Way 103 $120,000
15500 Tustin Village Way 118 $130,000
643 W 6th St D $122,000
15712 Pasadena Ave 12 $127,000
15500 Tustin Village Way 36 $125,000
1192 Mitchell Ave 37 $140,000
15500 Tustin Village Way 33 $130,000
15500 Tustin Village Way 21 $125,500
1192 Mitchell Ave 63 $125,000
645 W 6th St A $128,000
1192 N Mitchell Ave 105 $129,000
16628 Montego Way $130,000
15500 Tustin Village Way 110 $133,000
15500 Tustin Village Way 23 $150,000
15500 Tustin Village Way 16 $130,000
15500 Tustin Village Way 107 $139,900
1192 Mitchell Ave 75 $135,000
15500 Tustin Village Way 51 $140,000
17532 VANDENBERG Ln 2 $140,000
680 W Main St A $150,000
15502 Williams St L $132,000
15506 Williams St C $144,000
1192 Mitchell Ave 62 $148,000
1192 MITCHELL Ave 45 $132,000
654 W Main St D $144,000
645 W 6th St C $148,000
16609 Townhouse Dr $150,000
16620 Montego Way $130,000
680 W Main St C $150,000
16641 Townhouse Dr $140,000
644 W Main St B $150,000
15510 Williams St L $149,000
1192 S Mitchell Ave 12 $140,000
1192 Mitchell Ave 98 $135,000
15712 Pasadena Ave $150,000
15508 Williams St A56 $145,000
17522 Vandenberg Ln 9 $148,000
16587 Montego Way $149,900
15512 Williams St L $144,500
16602 Montego Way $98,000
15500 Tustin Village Way 10 $116,000
15500 TUSTIN VILLAGE Way 65 $106,000
15500 Tustin Village Way 19 $130,000
15500 Tustin Village Way 113 $125,000
15500 Tustin Village Way 57 $126,000
682 W Main St B $122,000
17121 Mcfadden Ave 3 $120,000
15500 Tustin Village Way 103 $120,000
15500 Tustin Village Way 118 $130,000
643 W 6th St D $122,000
15712 Pasadena Ave 12 $127,000
15500 Tustin Village Way 36 $125,000
1192 Mitchell Ave 37 $140,000
15500 Tustin Village Way 33 $130,000
15500 Tustin Village Way 21 $125,500
1192 Mitchell Ave 63 $125,000
645 W 6th St A $128,000
1192 N Mitchell Ave 105 $129,000
16628 Montego Way $130,000
15500 Tustin Village Way 110 $133,000
15500 Tustin Village Way 23 $150,000
15500 Tustin Village Way 16 $130,000
15500 Tustin Village Way 107 $139,900
1192 Mitchell Ave 75 $135,000
15500 Tustin Village Way 51 $140,000
17532 VANDENBERG Ln 2 $140,000
680 W Main St A $150,000
15502 Williams St L $132,000
15506 Williams St C $144,000
1192 Mitchell Ave 62 $148,000
1192 MITCHELL Ave 45 $132,000
654 W Main St D $144,000
645 W 6th St C $148,000
16609 Townhouse Dr $150,000
16620 Montego Way $130,000
680 W Main St C $150,000
16641 Townhouse Dr $140,000
644 W Main St B $150,000
15510 Williams St L $149,000
1192 S Mitchell Ave 12 $140,000
1192 Mitchell Ave 98 $135,000
15712 Pasadena Ave $150,000
15508 Williams St A56 $145,000
17522 Vandenberg Ln 9 $148,000
16587 Montego Way $149,900
15512 Williams St L $144,500
N
NewportSkipper_IHB
Guest
Two bedroom units in Irvine closed in 2009. I bet some of these will command $1,800.
26 Oval Rd 4 $255,000
8 Bellflower $300,000
7 Goldenbush 28 $265,000
91 Streamwood $227,382
5200 Irvine Blvd 499 $171,500
5 Streamwood $255,000
115 Remington 327 $296,900
173 Pineview $294,000
27 SNOWBERRY 33 $250,000
16 LAKEPINES $289,000
54 THICKET $300,000
153 REMINGTON $290,000
2206 Apricot Dr 2206 $185,000
244 Lemon Grv $263,500
279 Tarocco $265,000
167 Tarocco $293,000
33 Tarocco $260,000
425 Tangelo $265,000
124 Tangelo $279,000
4110 Apricot Dr 4110 $289,000
253 Tarocco $285,000
227 Tarocco $297,950
46 Eagle Point $250,000
68 Eagle Pt 36 $259,000
25 Autumn Oak 4 $270,000
143 Briarwood $272,000
125 Greenfield 118 $299,000
8 Eastmont 46 $295,000
113 Rockwood 30 $299,900
61 Briaglen $300,000
54 Windjammer 25 $295,000
49 Briarglen 62 $300,000
106 Oval $247,500
26 Oval Rd 4 $255,000
8 Bellflower $300,000
7 Goldenbush 28 $265,000
91 Streamwood $227,382
5200 Irvine Blvd 499 $171,500
5 Streamwood $255,000
115 Remington 327 $296,900
173 Pineview $294,000
27 SNOWBERRY 33 $250,000
16 LAKEPINES $289,000
54 THICKET $300,000
153 REMINGTON $290,000
2206 Apricot Dr 2206 $185,000
244 Lemon Grv $263,500
279 Tarocco $265,000
167 Tarocco $293,000
33 Tarocco $260,000
425 Tangelo $265,000
124 Tangelo $279,000
4110 Apricot Dr 4110 $289,000
253 Tarocco $285,000
227 Tarocco $297,950
46 Eagle Point $250,000
68 Eagle Pt 36 $259,000
25 Autumn Oak 4 $270,000
143 Briarwood $272,000
125 Greenfield 118 $299,000
8 Eastmont 46 $295,000
113 Rockwood 30 $299,900
61 Briaglen $300,000
54 Windjammer 25 $295,000
49 Briarglen 62 $300,000
106 Oval $247,500
SoCal78_IHB
New member
NewportSkipper said:
Newport Skipper, I saw that you just edited this post to add that last line. I'm going to ask you to please stop throwing rocks at each other. You may not believe it, but just trust me on this, the others have exhibited some restraint in their responses to you. Could you please make a similar effort? I would appreciate it. Thank you in advance.
N
NewportSkipper_IHB
Guest
I guess you missed the part where I was accused of posting things that don't exist. Just because that response was nicer than normal, doesn't make it right....but point accepted.
Geotpf_IHB
New member
I've mentioned this before-the Riverside house I now live in cost me $150k and I am positive I could get $1,500 a month or more if I rented it out. And I don't even live very close to the real rental property cash cow here, UCR. The rent to purchase price ratio is even better than that close to the university.
no_vaseline_IHB
New member
Geotpf said:
With three months of vacancy a year? I bet you can get $1500 too.
If you can't post a link with an address, from now on it doesn't exist. Back up your work people. I went to school more than 20 years ago, and if you want to prove a data point, please show a cite.
I said please. If you make a point going forward without a cite, you'll get pictures. You don't want pictures from me.
Virtually none of Newport Renter's cites are valid. So far, I have no results for
15500 Tustin Village Way 65
1550 Tustin Village Way 19
15500 Tustin Village Way 113
and incomplete results for:
15500 Tustin Village Way 10
on his list of cites, I come up 100% bullshit so far - therefore, he is either 1. crazy 2. lying 3. trolling.
You pick.
N
NewportSkipper_IHB
Guest
Stop your ridiculous nonsense, no-vaseline. All address and prices listed are true. I can't believe I had to waste my time obtaining this to shut your piehole up!
Residential Listings
RES MLS No. Status P V H T Q Type A/D Address City Area Zip TGNO Trct/M Bd B t/f Sty Gar SqFt Yr Blt Price DOM
1 U8005587 S 20
H
T
Q
CONDO A 16602 Montego Way
TUS 71 92780 829J4 TV/Q 2 2/1 2 1 D 1,088 1964 $98,000 34 *
2 P682570 S 5
H
T
Q
CONDO A 15500 Tustin Village Way 10
TUS 71 92780 829J4 OTHR/0 2 2/1 2 0 1,088 1964 $116,000 13
3 MRM-I08170274 S 1
H
T
Q
CONDO A 15500 TUSTIN VILLAGE Way 65
TUS 71 92780 829J4 / 2 3/2 2 1,080 1964 $106,000
4 P677678 S 1
H
T
Q
CONDO A 15500 Tustin Village Way 19
TUS 71 92780 829J4 OTHR/O 2 2/1 2 0 1,088 1964 $130,000 6
5 S554929 S 20
H
T
Q
SFR A 15500 Tustin Village Way 113
TUS 71 92780 829J4 TV/0 2 2/1 2 0 1,080 1964 $125,000 14
6 P639503 S 2
H
T
Q
CONDO A 15500 Tustin Village Way 57
TUS 71 92780 829J4 OTHR/* 2 3/2 2 0 1,088 1964 $126,000 223 *
7 P690608 S 1
H
T
Q
CONDO A 682 W Main St B
TUS 71 92780 830A3 TA/* 2 3/1 2 0 1,160 1963 $122,000 9
8 P670407 S 2
H
T
Q
CONDO A 17121 Mcfadden Ave 3
TUS 71 92780 830A4 OTHR/0 2 1/1 1 2 992 1964 $120,000 105 *
9 P691506 S 0 H
T
Q
CONDO A 15500 Tustin Village Way 103
TUS 71 92780 829J4 OTHR/0 2 2/1 2 0 1,080 1964 $120,000 0
10 S576673 S 1
H
T
Q
CONDO A 15500 Tustin Village Way 118
TUS 71 92780 829J4 OTHR/* 2 2/1 2 1 1,088 1964 $130,000 17
11 S581883 S 6
H
T
Q
CONDO A 643 W 6th St D
TUS 71 92780 830A4 TA/0 2 2/2 2 0 1,092 1963 $122,000 12
12 P681476 S 2
H
T
Q
CONDO A 15712 Pasadena Ave 12
TUS 71 92780 830A4 OTHR/0 2 1/1 1 0 943 1964 $127,000 91
13 P696239 S 10
H
T
Q
CONDO A 15500 Tustin Village Way 36
TUS 71 92780 829J4 TV/1 2 2/2 2 0 1,088 1964 $125,000 4
14 P691513 S 6
H
T
Q
CONDO A 1192 Mitchell Ave 37
TUS 71 92780 830B4 OTHR/* 2 2/1 1 0 900 1969 $140,000 5
15 P656533 S 12
H
T
Q
CONDO A 15500 Tustin Village Way 33
TUS 71 92780 829J4 OTHR/0 2 2/1 2 0 1,088 1964 $130,000 264 *
16 U8005641 S 2
H
T
Q
CONDO A 15500 Tustin Village Way 21
TUS 71 92780 829J4 OTHR/% 2 2/1 2 0 1,088 1964 $125,500 21
17 S565148 S 1
H
T
Q
CONDO A 1192 Mitchell Ave 63
TUS 71 92780 830B4 OTHR/0 2 2/2 1 0 900 1969 $125,000 55 *
18 S561088 S 3
H
T
Q
CONDO A 645 W 6th St A
TUS 71 92780 830A3 OTHR/0 2 2/1 2 0 1,092 1963 $128,000 50 *
19 P636256 S 1
H
T
Q
CONDO A 1192 N Mitchell Ave 105
TUS 71 92780 830B5 OTHR/0 2 2/2 1 0 875 1969 $129,000 62 *
20 S555487 S 3
H
T
Q
CONDO A 16628 Montego Way
TUS 71 92780 829J4 OTHR/0 2 2/1 2 1 1,080 1964 $130,000 16
21 S566775 S 3
H
T
Q
CONDO A 15500 Tustin Village Way 110
TUS 71 92780 829J4 TV/0 2 2/1 2 0 1,088 1964 $133,000 10
22 S563573 S 1
H
T
Q
CONDO A 15500 Tustin Village Way 23
TUS 71 92780 829J4 OTHR/0 2 2/1 2 0 1,080 1964 $150,000 13
23 P654391 S 8
H
T
Q
CONDO D 15500 Tustin Village Way 16
TUS 71 92780 829J4 OTHR/* 2 2/1 2 0 1,088 1964 $130,000 189 *
24 S552628 S 7
H
T
Q
SFR A 15500 Tustin Village Way 107
TUS 71 92780 829J4 TV/0 2 2/1 2 0 1,088 1964 $139,900 55 *
25 P660962 S 1
H
T
Q
CONDO A 1192 Mitchell Ave 75
TUS 71 92780 830B5 OTHR/2 2 2/1 1 1 900 1969 $135,000 42 *
26 P682627 S 7
H
T
Q
CONDO A 15500 Tustin Village Way 51
TUS 71 92780 829J4 OTHR/. 2 2/1 2 0 1,088 1964 $140,000 44
27 MRM-K09033449 S 5
H
T
Q
CONDO A 17532 VANDENBERG Ln 2
TUS 71 92780 830B1 / 2 2/2 1 0 D 985 1973 $140,000 14
28 P665593 S 10
H
T
Q
CONDO A 680 W Main St A
TUS 71 92780 830A3 OTHR/0 2 2/1 2 0 1,092 1963 $150,000 25
29 P655954 S 4
H
T
Q
CONDO A 15502 Williams St L
TUS 71 92780 829J4 WMSH/. 2 2/1 1 1 D 1,044 1967 $132,000 84 *
30 S562758 S 10
H
T
Q
CONDO A 15506 Williams St C
TUS 71 92780 829J4 OTHR/. 2 2/2 1 2 D 1,044 1967 $144,000 24
31 P693879 S 3
H
T
Q
CONDO A 1192 Mitchell Ave 62
TUS 71 92780 830B4 OTHR/0 2 2/1 2 0 1,196 1969 $148,000 21
32 MRM-C09002966 S 1
H
T
Q
CONDO A 1192 MITCHELL Ave 45
TUS 71 92780 830B4 / 2 4/3 1 1,164 1969 $132,000
33 P684357 S 1
H
T
Q
CONDO A 654 W Main St D
TUS 71 92780 830A3 TA/1 2 2/2 1 0 952 1963 $144,000 10
34 S568198 S 9
H
T
Q
CONDO A 645 W 6th St C
TUS 71 92780 830A4 TA/C 2 2/1 2 0 1,092 1963 $148,000 70 *
35 P662309 S 1
H
T
Q
CONDO A 16609 Townhouse Dr
TUS 71 92780 829J4 OTHR// 2 2/1 2 1 1,080 1964 $150,000 52 *
36 P676165 S 13
H
T
Q
CONDO D 16620 Montego Way
TUS 71 92780 829J4 OTHR/0 2 2/1 2 1 1,088 1964 $130,000 109
37 S550229 S 1
H
T
Q
CONDO A 680 W Main St C
TUS 71 92780 830A3 TA/0 2 2/1 2 0 1,092 1963 $150,000 35 *
38 U8004860 S 2
H
T
Q
CONDO A 16641 Townhouse Dr
TUS 71 92780 829J4 OTHR/% 3 2/1 2 1 D 1,260 1966 $140,000 68 *
39 S566518 S 1
H
T
Q
CONDO A 644 W Main St B
TUS 71 92780 830A3 OTHR/O 2 2/2 1 1 952 1963 $150,000 21 *
40 P669152 S 20
H
T
Q
CONDO A 15510 Williams St L
TUS 71 92780 829J4 WMSH/0 2 2/1 2 2 D 1,044 1967 $149,000 125 *
41 S557736 S 4
H
T
Q
CONDO A 1192 S Mitchell Ave 12
TUS 71 92780 830B4 OTHR/0 2 2/2 1 0 989 1969 $140,000 71 *
42 P672626 S 4
H
T
Q
CONDO A 1192 Mitchell Ave 98
TUS 71 92780 830B4 OTHR/2 2 2/1 1 0 989 1969 $135,000 37
43 P673030 S 1
H
T
Q
CONDO A 15712 Pasadena Ave
Tus 71 92780 830a4 OTHR/x 2 2/2 1 0 998 1964 $150,000 103 *
44 P625734 S 6
H
T
Q
CONDO A 15508 Williams St A56
TUS 71 92780 829J4 WMSH/0 2 2/2 2 1 1,044 1967 $145,000 452 *
45 P660182 S 9
H
T
Q
CONDO A 17522 Vandenberg Ln 9
TUS 71 92780 830A1 QLM/2 2 1/1 1 0 872 1973 $148,000 85 *
46 P660928 S 3
H
T
Q
CONDO A 16587 Montego Way
TUS 71 92780 829J4 TT2/0 3 2/1 2 2 1,188 1964 $149,900 140 *
47 S545763 S 10
H
T
Q
CONDO A 15512 Williams St L
TUS 71 92780 829J4 OTHR/0 2 2/2 1 2 D 1,047 1967 $144,500 76 *
Residential Listings
RES MLS No. Status P V H T Q Type A/D Address City Area Zip TGNO Trct/M Bd B t/f Sty Gar SqFt Yr Blt Price DOM
1 U8005587 S 20
H
T
Q
CONDO A 16602 Montego Way
TUS 71 92780 829J4 TV/Q 2 2/1 2 1 D 1,088 1964 $98,000 34 *
2 P682570 S 5
H
T
Q
CONDO A 15500 Tustin Village Way 10
TUS 71 92780 829J4 OTHR/0 2 2/1 2 0 1,088 1964 $116,000 13
3 MRM-I08170274 S 1
H
T
Q
CONDO A 15500 TUSTIN VILLAGE Way 65
TUS 71 92780 829J4 / 2 3/2 2 1,080 1964 $106,000
4 P677678 S 1
H
T
Q
CONDO A 15500 Tustin Village Way 19
TUS 71 92780 829J4 OTHR/O 2 2/1 2 0 1,088 1964 $130,000 6
5 S554929 S 20
H
T
Q
SFR A 15500 Tustin Village Way 113
TUS 71 92780 829J4 TV/0 2 2/1 2 0 1,080 1964 $125,000 14
6 P639503 S 2
H
T
Q
CONDO A 15500 Tustin Village Way 57
TUS 71 92780 829J4 OTHR/* 2 3/2 2 0 1,088 1964 $126,000 223 *
7 P690608 S 1
H
T
Q
CONDO A 682 W Main St B
TUS 71 92780 830A3 TA/* 2 3/1 2 0 1,160 1963 $122,000 9
8 P670407 S 2
H
T
Q
CONDO A 17121 Mcfadden Ave 3
TUS 71 92780 830A4 OTHR/0 2 1/1 1 2 992 1964 $120,000 105 *
9 P691506 S 0 H
T
Q
CONDO A 15500 Tustin Village Way 103
TUS 71 92780 829J4 OTHR/0 2 2/1 2 0 1,080 1964 $120,000 0
10 S576673 S 1
H
T
Q
CONDO A 15500 Tustin Village Way 118
TUS 71 92780 829J4 OTHR/* 2 2/1 2 1 1,088 1964 $130,000 17
11 S581883 S 6
H
T
Q
CONDO A 643 W 6th St D
TUS 71 92780 830A4 TA/0 2 2/2 2 0 1,092 1963 $122,000 12
12 P681476 S 2
H
T
Q
CONDO A 15712 Pasadena Ave 12
TUS 71 92780 830A4 OTHR/0 2 1/1 1 0 943 1964 $127,000 91
13 P696239 S 10
H
T
Q
CONDO A 15500 Tustin Village Way 36
TUS 71 92780 829J4 TV/1 2 2/2 2 0 1,088 1964 $125,000 4
14 P691513 S 6
H
T
Q
CONDO A 1192 Mitchell Ave 37
TUS 71 92780 830B4 OTHR/* 2 2/1 1 0 900 1969 $140,000 5
15 P656533 S 12
H
T
Q
CONDO A 15500 Tustin Village Way 33
TUS 71 92780 829J4 OTHR/0 2 2/1 2 0 1,088 1964 $130,000 264 *
16 U8005641 S 2
H
T
Q
CONDO A 15500 Tustin Village Way 21
TUS 71 92780 829J4 OTHR/% 2 2/1 2 0 1,088 1964 $125,500 21
17 S565148 S 1
H
T
Q
CONDO A 1192 Mitchell Ave 63
TUS 71 92780 830B4 OTHR/0 2 2/2 1 0 900 1969 $125,000 55 *
18 S561088 S 3
H
T
Q
CONDO A 645 W 6th St A
TUS 71 92780 830A3 OTHR/0 2 2/1 2 0 1,092 1963 $128,000 50 *
19 P636256 S 1
H
T
Q
CONDO A 1192 N Mitchell Ave 105
TUS 71 92780 830B5 OTHR/0 2 2/2 1 0 875 1969 $129,000 62 *
20 S555487 S 3
H
T
Q
CONDO A 16628 Montego Way
TUS 71 92780 829J4 OTHR/0 2 2/1 2 1 1,080 1964 $130,000 16
21 S566775 S 3
H
T
Q
CONDO A 15500 Tustin Village Way 110
TUS 71 92780 829J4 TV/0 2 2/1 2 0 1,088 1964 $133,000 10
22 S563573 S 1
H
T
Q
CONDO A 15500 Tustin Village Way 23
TUS 71 92780 829J4 OTHR/0 2 2/1 2 0 1,080 1964 $150,000 13
23 P654391 S 8
H
T
Q
CONDO D 15500 Tustin Village Way 16
TUS 71 92780 829J4 OTHR/* 2 2/1 2 0 1,088 1964 $130,000 189 *
24 S552628 S 7
H
T
Q
SFR A 15500 Tustin Village Way 107
TUS 71 92780 829J4 TV/0 2 2/1 2 0 1,088 1964 $139,900 55 *
25 P660962 S 1
H
T
Q
CONDO A 1192 Mitchell Ave 75
TUS 71 92780 830B5 OTHR/2 2 2/1 1 1 900 1969 $135,000 42 *
26 P682627 S 7
H
T
Q
CONDO A 15500 Tustin Village Way 51
TUS 71 92780 829J4 OTHR/. 2 2/1 2 0 1,088 1964 $140,000 44
27 MRM-K09033449 S 5
H
T
Q
CONDO A 17532 VANDENBERG Ln 2
TUS 71 92780 830B1 / 2 2/2 1 0 D 985 1973 $140,000 14
28 P665593 S 10
H
T
Q
CONDO A 680 W Main St A
TUS 71 92780 830A3 OTHR/0 2 2/1 2 0 1,092 1963 $150,000 25
29 P655954 S 4
H
T
Q
CONDO A 15502 Williams St L
TUS 71 92780 829J4 WMSH/. 2 2/1 1 1 D 1,044 1967 $132,000 84 *
30 S562758 S 10
H
T
Q
CONDO A 15506 Williams St C
TUS 71 92780 829J4 OTHR/. 2 2/2 1 2 D 1,044 1967 $144,000 24
31 P693879 S 3
H
T
Q
CONDO A 1192 Mitchell Ave 62
TUS 71 92780 830B4 OTHR/0 2 2/1 2 0 1,196 1969 $148,000 21
32 MRM-C09002966 S 1
H
T
Q
CONDO A 1192 MITCHELL Ave 45
TUS 71 92780 830B4 / 2 4/3 1 1,164 1969 $132,000
33 P684357 S 1
H
T
Q
CONDO A 654 W Main St D
TUS 71 92780 830A3 TA/1 2 2/2 1 0 952 1963 $144,000 10
34 S568198 S 9
H
T
Q
CONDO A 645 W 6th St C
TUS 71 92780 830A4 TA/C 2 2/1 2 0 1,092 1963 $148,000 70 *
35 P662309 S 1
H
T
Q
CONDO A 16609 Townhouse Dr
TUS 71 92780 829J4 OTHR// 2 2/1 2 1 1,080 1964 $150,000 52 *
36 P676165 S 13
H
T
Q
CONDO D 16620 Montego Way
TUS 71 92780 829J4 OTHR/0 2 2/1 2 1 1,088 1964 $130,000 109
37 S550229 S 1
H
T
Q
CONDO A 680 W Main St C
TUS 71 92780 830A3 TA/0 2 2/1 2 0 1,092 1963 $150,000 35 *
38 U8004860 S 2
H
T
Q
CONDO A 16641 Townhouse Dr
TUS 71 92780 829J4 OTHR/% 3 2/1 2 1 D 1,260 1966 $140,000 68 *
39 S566518 S 1
H
T
Q
CONDO A 644 W Main St B
TUS 71 92780 830A3 OTHR/O 2 2/2 1 1 952 1963 $150,000 21 *
40 P669152 S 20
H
T
Q
CONDO A 15510 Williams St L
TUS 71 92780 829J4 WMSH/0 2 2/1 2 2 D 1,044 1967 $149,000 125 *
41 S557736 S 4
H
T
Q
CONDO A 1192 S Mitchell Ave 12
TUS 71 92780 830B4 OTHR/0 2 2/2 1 0 989 1969 $140,000 71 *
42 P672626 S 4
H
T
Q
CONDO A 1192 Mitchell Ave 98
TUS 71 92780 830B4 OTHR/2 2 2/1 1 0 989 1969 $135,000 37
43 P673030 S 1
H
T
Q
CONDO A 15712 Pasadena Ave
Tus 71 92780 830a4 OTHR/x 2 2/2 1 0 998 1964 $150,000 103 *
44 P625734 S 6
H
T
Q
CONDO A 15508 Williams St A56
TUS 71 92780 829J4 WMSH/0 2 2/2 2 1 1,044 1967 $145,000 452 *
45 P660182 S 9
H
T
Q
CONDO A 17522 Vandenberg Ln 9
TUS 71 92780 830A1 QLM/2 2 1/1 1 0 872 1973 $148,000 85 *
46 P660928 S 3
H
T
Q
CONDO A 16587 Montego Way
TUS 71 92780 829J4 TT2/0 3 2/1 2 2 1,188 1964 $149,900 140 *
47 S545763 S 10
H
T
Q
CONDO A 15512 Williams St L
TUS 71 92780 829J4 OTHR/0 2 2/2 1 2 D 1,047 1967 $144,500 76 *
SoCal78_IHB
New member
An easy way to see these sales is to grab one address from his list, go on redfin, enter it, then click on "map similar recent sales" and you will find them. I looked up about half of them from his list and didn't have any trouble except with some when trying to search unit numbers. I don't get why it's so surprising to see 40+ year old condos in that part of Tustin go for under $150k. I've been there... I'm not surprised.
green_cactus_IHB
New member
SoCal78 said:
It may be old and sell for $150k. However, will it really rent for $1500 in the coming years? The way I see it, we have had artificial rent inflation that piggy-backed on the housing bubble. I don't see a mechanism that would support $1500/month for long on these properties. Even if today we can find a 2 BR for $1350 on Craigslist, I see it as unsustainable. I could be wrong, though.
etheran_IHB
New member
What are the HOA of these tustin properties? And does anyone know what is a reasonable rental rate and maintenance required per month? These look quite attractive. Even if rents are lower than 1400 or prices are slightly higher.