164 & 172 Preble DR Tustin, CA 92780
Active
$3,700,000
16%
8 Units
16 Beds
8 Baths
7,200 Area(sq.ft.)
23,387 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 2,221 | $ 2,221 | $ 3,000 |
| Unit 2 | 1 | 2 | 1 | No | $ 2,369 | $ 2,369 | $ 3,000 |
| Unit 3 | 1 | 2 | 1 | No | $ 2,428 | $ 2,428 | $ 3,000 |
| Unit 4 | 1 | 2 | 1 | No | $ 2,221 | $ 2,221 | $ 3,000 |
| Unit 5 | 1 | 2 | 1 | No | $ 2,559 | $ 2,559 | $ 3,000 |
| Unit 6 | 1 | 2 | 1 | No | $ 2,787 | $ 2,787 | $ 3,000 |
| Unit 7 | 1 | 2 | 1 | No | $ 2,428 | $ 2,428 | $ 3,000 |
| Unit 8 | 1 | 2 | 1 | No | $ 2,472 | $ 2,472 | $ 3,000 |
| 8 | 8 | 16 | 8 | $ 19,485 | $ 19,485 | $ 24,000 |
| MLS #: | OC24214946MR |
| Days On Market: | 111 |
| County: | Orange County |
| Property Type: | Residential Income |
| Price per ft2: | $ 514 |
| Price per unit: | $ 462,500 |
| Year Built: | 1964 |
Property Details
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.Interested in this Listing?
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Income Details
| Rent Control: | False |
| Total Annual Expense: | $ 26,331 |
| Net Operating Income: | $ 209,097 |
| Actual Gross Rent: | $ 17,896 |
Structure
| Community Features: | Curbs, Gutters, Sidewalks, Street Lights, Suburban |
| Security Features: | Exterior Security Lights |
| Style: | Traditional |
| Sewer: | Public Sewer |
| View Description: | None |
| Water: | Public |
Land & Parking
| Land Lease Type: | Fee |
| Parking Garage: | Assigned, Built-In Storage, Door Opener, Garage, Private |
| Total Parking: | 20 |
Interior
| Cooking Appliances: | Range |
| AC/Cooling: | Wall/Window Unit(s) |
| Equipment: | Community, Electric Dryer Hookup, Hookup - Electric, Inside, Laundry Area, Room, Vented Exhaust Fan, Washer Hookup |
| Heating: | Electric |
| Fireplace Rooms: | Living Room |
| Laundry: | Community, Electric Dryer Hookup, Hookup - Electric, Inside, Laundry Area, Room, Washer Hookup |
| Laundry Equipment: | Lease |
| Laundry Income: | 893.00 |
Exterior
| Exterior Construction: | Brick, Stucco, Wood Siding |
| Pool: | No |
| Roof: | Composition, Shingle |
| Spa: | No |
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