Photo for 1661 Garland Avenue

Located In The Heart Of Tustin, This Cul-De-Sac Home Sits In An Amazing, Highly Coveted Neighborhood. The Home Boasts Five Spacious Bedrooms, 4.5 Bathrooms, Sits On A Huge 7800 Square Foot Lot. Exotic Fruit Trees Throughout The Spacious Backyard Provide A Serene Setting, Perfect For Entertaining Or Relaxing After A Long Day Of Fun In The Orange County Sun. Positioned Less Than Twenty Minutes Away From The Spectacular Beaches Of Orange County, The Tustin Marketplace, Disneyland And Professional Sporting Events…Wow! The Options Are Limitless! The Elegant Floor Plan Blends An Open Contemporary Concept With A Traditional Warm Feel Fit For Any Occasion. Looking For Great Schools? Red Hill Elementary And Tustin High School Are Highly Regarded Throughout Orange County As Tremendous Learning Environments. This Home Truly Has Everything You Are Looking For And At This Price, It Will Not Last Long! This Home Is Currently Operated As A Short-Term Rental With A Monthly Revenue Of Over $8000 Dollars. There Are 5 Units (Bedrooms) In The Home, All Of Which Generate Revenue By The Bedroom. This Property Has A Significant Rental History And An Incredible Cash Flow For Anyone Who Desires To Utilize It As A Rental Or Transform It To A Single Family Home. This Home Generates More Than Double The Area Average Rent And Would Be An Excellent Long-Term Investment For Someone Seeking Cash Flow In Orange County. There Are Many House Hack Options! Rooms With Attached Baths Rent For Approximately $100 Per Night And Rooms That Share A Bath Rent For Approximately $75 Per Night. There Are Four Units That Rent On Short Term Rental And One That Is Currently On Long Term Rental. The Property Can Be Delivered Vacant Or Filled With Wonderful Well Qualified Short Term Tenants. Another Option That A Buyer Has On This Home Is To Separate The Home To A One Level Three Bedroom House And A Two Bedroom Home With The Dual Masters Over The Garage. There Is Also A Possibility Of Building A Large Adu In The Back Yard Because The Lot Is So Large. This Home Is Perfect For A Couple Looking For A House Hack Where Your Tenants Can Pay All Or Some Of Your Mortgage. The Solar Lease Is From Tesla And Has Approximately 14 Years Remaining. The Monthly Payments Are $126/Mo And The True Up Was September At $400 For The Year And $70 For 2020. This Means That 20 Panel System Covers ALL Current Electric Needs. The Roof Was Replaced In 2016. Water Bill Approx $40/Mo, Gas $35/Mo. Security Cameras Stay.

Price
$1,250,000.00

Status
Active

Bedrooms
5.00

Bathrooms
5.00

Square Footage
2,327.00

Lot Size
7,718.00

Property Type
Residential

City
Tustin

Street Address
1661 Garland Avenue

State
CA

Zip Code
92780

Malakai Sparks

1503 SOUTH COAST DRIVE
SUITE 130
COSTA MESA, CA 92626
PHONE: 714-655-1627

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