Tustin, CA 92780 1032 Bonita Street

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Presented By: Randall Mycorn with R L M Equities; 949-573-5309
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# NP25083703
  • 04/30/2025
  • Request Tour
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 12
  • Baths • 1
  • SQFT • 4,896
  • Garage • 6

Home Details

Presenting the Bonita Apartments: a prime investment property in a high-demand Orange County rental market. Located within a desirable, low-density suburb of the City of Tustin, this asset benefits from exceptional freeway access (5 & 55) as well as its close vicinity to Tustin City hall and a plethora of retail centers. The property features entirely two-bedroom units. All units are currently occupied at excellent rental rates, underscoring strong tenant demand. Key features include in-unit washer/dryer hookups, new finishes + appliances and Garage Parking, ensuring tenant satisfaction and retention. This is an opportunity to acquire a well-maintained, income-producing property in a blue-chip location! ALL UPGRADES ARE FULLY PERMITTED AND CITY APPROVED. UNIT INTERIORS, GAS LINE, RE-WIRED ELECTRIC. PLANS WERE APPROVED FOR 2 ADUS ABOVE GARAGES IN 2023.
Presented By: Randall Mycorn with R L M Equities; 949-573-5309

Interior Features for 1032 Bonita Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesWasherHookup, ElectricDryerHookup
Total Stories2

Other Rooms

Entry Level1

General for 1032 Bonita Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.8
Carport Y/NNo
CityTustin
Community FeaturesSuburban
CountyOrange
DirectionsNortheast of Redhill and the 55
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces6.0
Garage Y/NYes
Gross Income7068.0
HOANo
Home Warranty Y/NNo
Insurance Expense3455.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan, Exchange1031
Lot Size Square Feet8747.0
Lot Size UnitsSquareFeet
MLS Area71 - Tustin
MaintenanceExpense9967.0
MobileHomeRemainsYNNo
Net Operating Income133563.0
New ConstructionNo
Number Of Units Total6
Operating Expense53364.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Subdivision NameCity Hall
Tax Lot9
Taxes$31,615
Trash Expense0.0
Water Sewer Expense0.0
Year Built1963
Year Built SourceAssessor

Exterior for 1032 Bonita Street

Building Area Total4896.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesElevenToFifteenUnitsAcre
Lot Size Acres0.2008
Lot Size Area8747.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters7
Number of Separate Gas Meters7
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking6.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $2,785,000
MLS#NP25083703
List Date 04/30/2025
Property Type Multi-Family
Phone 714.742.6515
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