Exceptional investment opportunity featuring a desirable Covington-style fourplex within the acclaimed Foothill high school attendance area.
This well-maintained property is ideal for long-term investors or 1031 Exchange replacement property.
The property offers an attractive unit mix consisting of One spacious 3-bedroom/ 2 bath unit,and 0ne 2bed/2bath units are located on the ground level, another Two units are located upstairs, providing a practical and desirable layout for tenants. All units have been remodeled and feature hardwood flooring, updated cabinetry, granite counter tops and upgraded bathrooms with quality finishes through. Private patio or balcony for every unit
One 3 bedroom/2 bath unit with 2 car garages.
Three 2 Bedroom / 2 Bath units with 1 -car garage and one assigned uncovered parking space each.
This property offers strong tenant demand and excellent long-term appreciation potential in one of Tustin's most desirable rental market.
Under contract
Listed by: Sunny Hills Real Estate, Inc. • Lee D.K. Kam • Contact: 714-870-7650
$2,050,000
18281 Plaza Way, Tustin, CA 92780
9beds
8baths
4,379sqft
Quadruplex
Built in 1977
-- sqft lot
$-- Zestimate®
$468/sqft
$323/mo HOA
What's special
- 25 days |
- 699 |
- 29 |
Zillow last checked:
Listing updated:
Listed by:
Lee D.K. Kam DRE #01119308 714-809-2347,
Sunny Hills Real Estate, Inc.
Source: CRMLS,MLS#: PW26134650
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 8
Appliances
- Included: Dryer
- Laundry: Common Area
Features
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 4,379
- Total interior livable area: 4,379 sqft
Property
Parking
- Total spaces: 5
- Parking features: Garage
- Garage spaces: 5
Features
- Entry location: 0
- Pool features: None
Lot
- Size: 8,276 Square Feet
- Features: 2-5 Units/Acre
Details
- Parcel number: 40127144
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1977
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Gutter(s)
HOA
- HOA name: TustinPlaza Apartment Assn.
- HOA phone: 888-390-6354
- Second HOA fee: $970 quarterly
Location
- Region: Tustin
Financial & listing details
- Price per square foot: $468/sqft
- Tax assessed value: $625,908
- Annual tax amount: $8,366
- Date on market: 6/23/2026
- Cumulative days on market: 25 days
- Listing terms: Cash,Cash to New Loan,1031 Exchange
- Total actual rent: 10350
Estimated market value
Not available
Estimated sales range
Not available
$3,783/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/8/2026 | Contingent | $2,050,000$468/sqft |
Source:  CRMLS #PW26134650 Report a problem | ||
| 6/23/2026 | Listed for sale | $2,050,000$468/sqft |
Source: CRMLS #PW26134650 Report a problem | ||
| 2/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 4/17/2020 | Listing removed | $1,850 |
Source: Owner Report a problem | ||
| 3/19/2020 | Price change | $1,850-2.6% |
Source: Owner Report a problem | ||
| 12/21/2019 | Listed for rent | $1,900 |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,366 +4.8% | $625,908 +2% |
| 2024 | $7,986 +2.8% | $613,636 +2% |
| 2023 | $7,765 +1.9% | $601,604 +2% |
| 2022 | $7,619 +1.9% | $589,808 +2% |
| 2021 | $7,475 +0.6% | $578,244 +1% |
| 2020 | $7,434 | $572,315 +2% |
| 2019 | $7,434 +2.2% | $561,094 +2% |
| 2018 | $7,273 +3.3% | $550,093 +2% |
| 2017 | $7,043 | $539,307 +2% |
| 2016 | $7,043 +1.7% | $528,733 +1.5% |
| 2015 | $6,925 -1% | $520,791 +2% |
| 2014 | $6,996 | $510,590 +0.5% |
| 2013 | -- | $508,283 +2% |
| 2012 | -- | $498,317 +2% |
| 2011 | -- | $488,547 +0.8% |
| 2010 | -- | $484,896 -0.2% |
| 2009 | -- | $486,049 +2% |
| 2008 | -- | $476,519 +2% |
| 2007 | -- | $467,176 +2% |
| 2006 | -- | $458,016 +2% |
| 2005 | -- | $449,036 +2% |
| 2004 | -- | $440,232 +1.9% |
| 2003 | -- | $432,164 +2% |
| 2002 | -- | $423,691 +2% |
| 2001 | $4,427 +10.5% | $415,384 +10.7% |
| 2000 | $4,005 | $375,076 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 92780
Nearby schools
GreatSchools rating
- 6/10Guin Foss Elementary SchoolGrades: K-5Distance: 0.4 mi
- 6/10Columbus Tustin Middle SchoolGrades: 6-8Distance: 0.3 mi
- 9/10Foothill High SchoolGrades: 9-12Distance: 1.5 mi
- $--3 bd2 ba1.4k sqft18281 Plaza Way APT A, Tustin, CA 92780Off Market
- $--2 bd2 ba-- sqft18291 Plaza Way #D, Tustin, CA 92780Off Market
- $520,9393 bd2 ba4.3k sqft18291 Plaza Way, Tustin, CA 92780Off Market
- $--2 bd2 ba950 sqft18291 Plaza Way #B, Tustin, CA 92780Off Market
- $--2 bd2 ba1k sqft18291 Plaza Way APT C, Tustin, CA 92780Off Market
- $1,585,101-- bd-- ba4k sqft18271 Plaza Way, Tustin, CA 92780Off Market
- $--2 bd2 ba900 sqft18271 Plaza Way #B, Tustin, CA 92780Off Market
- $--2 bd2 ba900 sqft18271 Plaza Way APT C, Tustin, CA 92780Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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