17332 Irvine BlvdTustin, CA 92780

  • Other commercial real estate
  • 25,592 SF
For Sale
$5,995,000 View listing

Property Details for 17332 Irvine Blvd

Year built
1969
Lot size
0.99 AC
Property size (Sq ft)
25,592 SF
Property type
Other commercial real estate
APN
401-512-01
APU
40151201

Description

This exceptional two-story office building, situated at 17332 Irvine Boulevard in Tustin, California, presents a compelling investment opportunity. The property encompasses a substantial 24,287 square feet on a one-acre lot, offering significant potential for growth and return. Constructed in 1973, the building boasts an elevator and a welcoming two-story lobby, enhancing its appeal to tenants. Its strategic location at the corner of Irvine Boulevard and Yorba Street, just east of the 55 Freeway, provides excellent visibility and accessibility. Currently, the building enjoys a 95% occupancy rate, a testament to its enduring desirability and consistent performance. Two small vacant suites, totaling 1,236 square feet, offer immediate opportunities to increase revenue. The staggered lease terms and small suite sizes contribute to the property's stability and predictable income stream. Importantly, current rental rates are below market value, presenting a significant opportunity to boost profitability. Financial projections indicate a proforma capitalization rate exceeding 8%, achievable given the high occupancy and the potential for rental increases. The absence of a homeowner's association further simplifies ownership and management. This property represents a rare chance to acquire a well-established, high-performing commercial asset in a prime Tustin location.

17332 Irvine Blvd, Tustin, California

Location Insight

City
Tustin
County
Orange
State
California
Latitude
33.7478
Longitude
-117.83
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$39,917
$1,403,445
$1,846,626
$3,250,071
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