164 & 172 Preble Drive,Tustin, CA 92780
Tustin, CA 92780
Description
TWO RARE TUSTIN FOURPLEXS ON TWO SEPARATE HUGE LOTS, CONVENTIONAL CONFORMING FINANCING (2 separate loans) - 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, current rents shown go into effect March 1, 2025. 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.
Details
| MLS# | OC24214946 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1964 |
| Days On Site | 193 |
| Listing Provided By | ASM Investments 949-289-3797 | Jay Johnson |
Features
| SQ Feet | 7,200 |
|---|---|
| Garage | 8 |
| Story(s) | 1 |
| Units | 8 |
| Building(s) | 2 |
| Acreage | 0.54 |
| Property View | None |
Market Activity 92780
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Learn More About This Property
| State | CA |
|---|---|
| County | Orange |
| City | Tustin |
| Zip Code | 92780 |
| Area | 71 Tustin |
| Community Name | Fourplex |
| Listing VS Median (in Fourplex) | |
Price: $3,700,000 low | high Med: $3,700,000 SqFt: 7,200 low | high Med: 7,200 $ / SqFt: $514 low | high Med: $514 On site: 193 low | high Med: 193.000000 | |