164 & 172 Preble Drive, Tustin CA, 92780

Active

164 & 172 Preble Drive

Tustin CA, 92780

$4,400,000

$611.11 per sqft

Active

7,200 sqft

Multi-family

Built in 1964

Listed by Jay Johnson with ASM Investments [email protected]

TWO RARE TUSTIN FOURPLEXS ON TWO SEPARATE HUGE LOTS - BEING SOLD TOGETHER!!! 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.

OC24214946

MLSⓇ ID

October 18, 2024

Listed

October 20, 2024

Updated

Map

164 & 172 Preble Drive
Tustin CA, 92780

Interior Features

Total Stories: 1
Interior Features: All Bedrooms Down, Walk-In Closet(s)
Appliances: Electric Range, Electric Water Heater, Free-Standing Range, Disposal, Range Hood, Vented Exhaust Fan, Water Heater
Laundry Description: Common Area, Washer Hookup, Electric Dryer Hookup, Inside, Laundry Room
Floor Description: Carpet, Laminate, Vinyl
Fireplace: Yes
Fireplace Description: Living Room, Wood Burning
Cooling: Yes
Cooling Description: Wall/Window Unit(s)
Heating: Yes
Heating Description: Electric, Fireplace(s)

Exterior/Building Features

Lot Size: 0.54 Acres
Exterior Features: Lighting, Rain Gutters
Lot Features: 0-1 Unit/Acre
Architectual Style: Traditional
Roof: Composition, Shingle
Sewer: Public Sewer

Other Property Details

Area Name: 71 - Tustin
Days on Market: 1
Garage: Yes
Garage Spaces: 8
Parking: Assigned, Garage, Garage Door Opener, Private, Storage, Tandem
Parking Total: 20
View: No
View Description: None
County: Orange
Water Source: Public
Pool: No
Pool Features: None

Listing Contact: 949-289-3797

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/20/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 10/20/2024 at 2:28 PM UTC