164 Preble Drive, Tustin, CA 92780

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Glen Henderson

[email protected] +1(619) 889-7646

$3,900,000

Est. payment - /mo

8 Beds

4 Baths

0.54 Acres Lot

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UPDATED:

12/18/2024 07:21 AM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC24214946

Bedrooms 8

HOA Y/N No

Lot Size 0.537 Acres

Type of Financing Cash,Conventional,FHA,VA

Property Description

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.
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.

Location

State CA

County Orange

Area Oc - Tustin (92780)

Zoning Appraiser

Interior

Heating Electric

Cooling Wall/Window

Appliance Fireplace

Air Conditioning Wall/Window

Exterior

Exterior Feature Brick, Stucco, Wood

Parking Features Unit1:Assigned

Roof Type Composition

Building

Lot Description Curbs, Sidewalks

Story 1

Level or Stories 1 Story

Others

Monthly Total Fees $113

Acceptable Financing Cash, Conventional, FHA, VA

Space Rent $2,040

Listing Terms Cash, Conventional, FHA, VA

CFD/Mello-Roos Fee $1, 367

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Listed by Jay Johnson • ASM Investments

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

164 Preble Drive Tustin, CA 92780

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

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