Master on Main
1641 Melvin Way Tustin, CA
$ 2,366,000
Property Attributes
  • MLS#PW20188924
  • TypeIncome
  • CountyORANGE
  • CityTustin
  • Zip92780
  • StyleTraditional
  • Price$ 2,366,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1420
  • Lot Size7,440 SqFt
Listing Provided Courtesy Of:
Barbara Kelly with Kelly Associates.
Property Description

This listing is one of 4 rental houses being offered for sale at $772K. Exchange your interest out of one property into these FOUR Single Family Rental 3-4 bedroom single story HOUSES, in four different cities. All rented with stable long-term tenants and all paying their rent. Extremely high demand for rental houses and easy to manage. Rarely a vacancy and rented almost immediately. Pull your exchange cash back out with a new delayed financing for each house (75% LTV) with a conforming Fannie/Freddie 30 year fixed low interest loans. Use this cash to buy even more properties. Seller may assist with financing. THE LIST PRICE COVERS ALL FOUR HOUSES. The individual houses can be found under the following MLS numbers with asking price and monthly rent and number of years tenant has rented the house listed as follows: PW20188924,PW20188784,PW20188566,PW20188339,Tustin ($772K $2800 mo, 9 yrs), Anaheim ($546K $2800 mo, 8 yrs), Buena Park ($515K $2,250 mo, 8 yrs), Bellflower ($533K $2,400 mo, 10+ yrs) respectively. List price $2,366,000 for the 4 houses ($590K average) with $123,000 annual income (19X gross). NO HOA’s. Tenants pay all utilities and gardener. Seller will manage the properties for 3 months for free. Will consider continued management.

Price History
9/11/2020 Listed $2,366,000

General Features

Appliances Dishwasher, Disposal, Gas Range, Gas Water Heater, Range Hood
Architectural Style Traditional
Assessments Unknown
Attached Structure Detached
Community Features Sidewalks, Street Lights
Cooling Central Air, Electric
Directions S/Irvine Blvd, E/Red Hill
Flooring Carpet, Tile
Garage Spaces 2.00
HOA Fee 0.00
Heating Central, Forced Air, Natural Gas
Interior Features Ceiling Fan(s), Granite Counters
Levels One
Listagentaor Pacific West
Listing Agent Barbara Kelly - BRE#00591467
Listing Agent State License 00591467
MLS Area 699 - Not Defined
Number of Units Leased 1
Parking Features Driveway, Concrete, Driveway Level, Garage Faces Side, Street
Pool Features None
Price Per Square Foot 1666.20
Roof Composition
Security Features Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer Public Sewer
Source System CRMLS
Spa Features None
Special Listing Conditions Standard
Total Units 1
View None

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Air Conditioning Y/N Yes
Appliances Y/N Yes
Common Walls No Common Walls
Dishwasher Count 1
Fireplace Features Living Room, Wood Burning
Fireplace Y/N Yes
Garbage Disposal Count 1
Heating Y/N Yes
Laundry Features Gas Dryer Hookup, In Garage
Laundry Y/N Yes
Range Count 1
Room Type All Bedrooms Down, Kitchen, Living Room, Main Floor Bedroom
Studio Area Unit Type Square Feet
Total Stories 1
Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Exterior Features

Building Area Total 1420.00
Fence Y/N Yes
Fencing Block
Foundation Details Slab
Lot Features Back Yard, Front Yard, Lawn, Level
Lot Size Acres 0.1708
Lot Size Area 7442.0000
Lot Size Source Assessor
Lot Size Square Feet 7442.00
Lot Size Units Square Feet
Number of Buildings 4
Number of Separate Electric Meters 1
Number of Separate Gas Meters 1
Number of Separate Water Meters 1
Total Parking 5.00
Uncovered Spaces 3.00
Water Source Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92780

AVG $2.3M
AVG 22
Year Built
AVG 1971

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover