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Upside in rents - market rents are approx. $2,300 for 2 bdrm units and $1,650 for 1 bdrm units. Only 12.3 x gross on market rents and 6.07% cap rate and 7% cash on cash return on market rents. Freshly painted triplex located on corner lot. Two units are two bedroom 1 bath. These two units are townhouse two story style. Third unit is one bedroom and bathroom located upper level over three one car garages. The two story units have first floor fireplaces and laundry hookups on patio off kitchen. Newer vinyl windows. Separate water heaters for each unit. Two new water heaters. Separate enclosed garage for each unit. Very low expenses – owner pays for water, trash, insurance and annual fire inspection only. Good long term tenants. Huge lot with possibility to add another unit and open back fence for more parking pads, carports or garages. Excellent location - Walking distance to Tustin Ave. Close proximity to plenty of restaurants, the U.S. Post Office and shopping. Close to 55 freeway and Chapman University.
Listing agent: Michael Lembeck DRE #01019397 mikelembeck@gmail.com, Listing office: Re/Max Property Connection
MLS data updated 10/20/2026, 12:51:46 AM PT
Source: CRMLS, MLS #: PW20007117
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Mar 31, 2021
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 92867 · Oct 2026
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Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
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