This 4-plex located in Tustin has one 3-bedroom, 1 ½ bath unit, two 2-bedroom, 1 3/4 bath units and one 2 bedroom 1 ½ bath unit. All units have central air and heat, 3 of the units have fireplaces. All units have a single car garage space as well as an unassigned parking space, all have private patios, with the 3-bedroom unit having a balcony as well. The two 2-bedroom units with 1 ¾ baths are 1 story while the other two units are 2 stories. The large lot has a common courtyard with laundry room on premises - the washer and dryer included. Ranges & Hoods, Dishwashers & Garbage Disposals are included in all units and the roof is 6 years old. Unit A recently updated both bathrooms with new plumbing and fixtures, is newly painted throughout with new flooring. Unit B has a new water heater and plumbing in the kitchen. Two long term tenants, one new tenant, and one unit with a family member who will be leaving before the close of escrow with a new tenant in place. This property is conveniently located to several freeways and public transportation. Bring your investor & do the math, it all adds up to a great investment.
Courtesy: Paul Kott Realtors, Inc.
Courtesy: Jay Johnson, Broker
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.
Back on the market. 2 Houses on a 2 Lots near by the city cultural and administrative center, food stores and restaurants. Huge 18,500 sf prime redevelopment opportunity site on an ideal City of Tustin location. The full address is 1071 & 1073 Walnut St Tustin CA 92780.
Tustin is located in California. Tustin, California has a population of 79,895. Tustin is more family-centric than the surrounding county with 35.55% of the households containing married families with children. The county average for households married with children is 34.78%.
The median household income in Tustin, California is $93,901. The median household income for the surrounding county is $100,485 compared to the national median of $69,021. The median age of people living in Tustin is 35.6 years.
The average high temperature in July is 82.3 degrees, with an average low temperature in January of 46.5 degrees. The average rainfall is approximately 13.1 inches per year, with 0 inches of snow per year.
