164 Preble Drive
Tustin, CA, 92780
$4,200,000
Beds
0 Baths
SqFt
0.54 Acres
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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 Details

Price:
$4,200,000
MLS #:
OC24214946
Status:
Active
Baths:
0
Address:
164 Preble Drive
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
71tustin
City:
Tustin
Listed Date:
Oct 16, 2024
State:
CA
ZIP:
92780
Lot Size:
23,387 sqft / 0.54 acres (approx)
Year Built:
1964
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Interior

Appliances
Electric Range, Electric Water Heater, Free- Standing Range, Disposal, Range Hood, Vented Exhaust Fan, Water Heater
Cooling
Wall/ Window Unit(s)
Fireplace Features
Living Room, Wood Burning
Flooring
Carpet, Laminate, Vinyl
Heating
Electric, Fireplace(s)
Window Features
Blinds, Screens

Exterior

Community Features
Curbs, Gutters, Sidewalks, Street Lights, Suburban
Electric
Standard
Exterior Features
Lighting, Rain Gutters
Fencing
Good Condition, Redwood, Security, Wood
Foundation Details
Slab
Garage Spaces
8.00
Lot Features
0-1 Unit/ Acre
Parking Features
Assigned, Built- In Storage, Garage, Garage Door Opener, Private, Tandem Garage
Parking Spots
20.00
Pool Features
None
Roof
Composition, Shingle
Security Features
Security Lights
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
None
Water Source
Public

Financial

Association Fee
0.00
Tenant Pays
Cable T V, Electricity, Telephone
Utilities
Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected

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Community

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164 Preble Drive
Tustin, CA