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1370 San Juan St 11 Unit Apartment Building $5,800,000 ($527,273/Unit) 4.29% Cap Rate Tustin, CA 92780

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INVESTMENT HIGHLIGHTS

The property totals 11 units, blending larger two- and three-bedroom, two-and-a-half-bath townhome residences with two newly built cottage-style ADUs.
Each of the nine original units carries its own APN, providing an alternative exit strategy for future ownership through individual sales.
The property directly borders Tustin High School, giving residents unmatched convenience for families with students.

The ADUs were completed in 2025 and include high-end luxury finishes.
Features such as private balconies, in-unit laundry hookups (machines in ADUs), central air and heat, and a gated, grade-level parking garage.
Residents benefit from easy access to shopping and dining options along Red Hill Avenue and Newport Avenue, as well as the historic Old Town Tustin.

EXECUTIVE SUMMARY

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present 1370 San Juan Street, an 11-unit multifamily investment opportunity in the heart of Tustin, California. Originally constructed in 1982, the property consisted of nine spacious townhome-style units including three 2 bed/2.5 bath units and six 3 bed/2.5 bath units. In 2025, ownership enhanced the community with the addition of two newly built 2 bed/1 bath accessory dwelling units (ADUs), bringing the total unit count to 11.
Each of the nine original units is individually parceled with its own APN, which provides a potential alternative exit strategy for future ownership through individual sales. These units also feature private balconies, a gated parking garage, and in-unit laundry hookups. The newly constructed ADUs were designed in a cottage-style layout that is single story with no shared walls. They include high quality finishes such as quartz countertops, shaker-style cabinetry, stainless-steel appliances, dual-pane windows, in-unit stackable laundry, recessed lighting, and vinyl flooring.
The property is exceptionally well located within Tustin. Residents benefit from immediate proximity to Tustin High School and numerous retail centers along both Red Hill Avenue and Newport Avenue. The community is also only minutes from Old Town Tustin, which offers historic charm, boutique shops, and a variety of dining options. Interstate 5 is nearby, providing convenient regional access. In addition, two of Orange County’s most prominent retail and entertainment destinations, The Marketplace and The District at Tustin Legacy, are located just a short drive away.
Opportunities of this nature seldom come to market in Tustin, where sales of multifamily assets larger than five units are rare. 1370 San Juan Street provides investors with a unique chance to acquire an 11-unit property that combines larger townhome-style residences, newly built standalone cottages, and the long-term flexibility of an existing condo map.
*Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FINANCIAL SUMMARY (ACTUAL - 2025)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$383,376	$32.03
Other Income	-	-
Vacancy Loss	$11,501	$0.96
Effective Gross Income	$371,875	$31.07
Taxes	$61,747	$5.16
Operating Expenses	$61,049	$5.10
Total Expenses	$122,796	$10.26
Net Operating Income	$249,079	$20.81

FINANCIAL SUMMARY (ACTUAL - 2025)

Gross Rental Income
Annual	$383,376
Annual Per SF	$32.03

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	$11,501
Annual Per SF	$0.96

Effective Gross Income
Annual	$371,875
Annual Per SF	$31.07

Taxes
Annual	$61,747
Annual Per SF	$5.16

Operating Expenses
Annual	$61,049
Annual Per SF	$5.10

Total Expenses
Annual	$122,796
Annual Per SF	$10.26

Net Operating Income
Annual	$249,079
Annual Per SF	$20.81

PROPERTY FACTS

Price	$5,800,000	Apartment Style	Low-Rise
Price Per Unit	$527,273	Building Class	B
Sale Type	Investment	Lot Size	0.33 AC
Cap Rate	4.29%	Building Size	11,968 SF
Gross Rent Multiplier	15.13	Average Occupancy	100%
No. Units	11	No. Stories	2
Property Type	Multifamily	Year Built	1982
Property Subtype	Apartment	Parking Ratio	1.7/1,000 SF

Price	$5,800,000
Price Per Unit	$527,273
Sale Type	Investment
Cap Rate	4.29%
Gross Rent Multiplier	15.13
No. Units	11
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	B
Lot Size	0.33 AC
Building Size	11,968 SF
Average Occupancy	100%
No. Stories	2
Year Built	1982
Parking Ratio	1.7/1,000 SF