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TWO RARE TUSTIN FOURPLEXS ON TWO SEPARATE HUGE LOTS, CONVENTIONAL CONFORMING FINANCING - TWO SEPARATE PROPERTIES BEING SOLD TOGETHER; each property will qualify for it's own financing no commercial loan necessary!!! 164 Preble Drive (APN 401-591-14) and 172 Preble Drive (APN 401-591-15); Approximately 23,387 square feet (over a half acre) according to county records. Close to Police Station, Library, Community Center, Old Towne Tustin, City Cultural and Administrative Centers, Food, Stores, and Restaurants; lots to explore and all within walking distance. Each property is comprised of 4 two bedroom one bath units (approximately 900 sqft each), 4 garage spaces, laundry room, and 6 open parking spaces (Total of 8 units, 8 garage spaces, 2 laundry rooms, and 12 open parking spaces). Each unit has a large enclosed patio off the dining area and a wood burning fireplace. Upside in rents, no rental increase in last 12 months. Laundry rooms are currently on month-to-month lease so new owner can negotiate a new contract with laundry company or put own machines in for even more income. Separately metered for electric, no gas, all units are 100% electric. Both buildings have been repiped with pex and have had the roof replaced in the last 10 years. Convenient location near the 5 and 55 freeways.
Property Type(s):
Residential Income
| Last Updated | 11/17/2024 | Tract | Fourplex |
|---|---|---|---|
| Year Built | 1964 | Community | Tustin |
| Garage Spaces | 8.0 | County | Orange |
Price History
| Prior to Oct 30, '24 | $4,400,000 |
|---|---|
| Oct 30, '24 - Nov 17, '24 | $4,200,000 |
| Nov 17, '24 - Today | $4,100,000 |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Disposal, Electric Range, Electric Water Heater, Free-Standing Range, Range Hood, Vented Exhaust Fan, Water Heater |
| AREA | Tustin |
| CONSTRUCTION | Brick, Stucco, Wood Siding |
| EXTERIOR | Lighting, Rain Gutters |
| FIREPLACE | Yes |
| GARAGE | Assigned, Garage, Garage Door Opener, Private, Storage, Tandem, Yes |
| HEAT | Electric, Fireplace(s) |
| HOA DUES | 0 |
| INTERIOR | All Bedrooms Down, Walk-In Closet(s) |
| LOT | 0.54 acre(s) |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| PARKING | Assigned,Garage,Garage Door Opener,Private,Storage,Tandem |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Traditional |
| SUBDIVISION | Fourplex |
| UTILITIES | Cable Available,Electricity Connected,Phone Available,Sewer Connected,Water Connected, Electric: Standard |
| VIEW DESCRIPTION | None |
| WATER | Public |
Location
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Listed with ASM Investments
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