164 & 172 Preble Drive, Tustin, CA 92780
-
Listed Price :
$4,200,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1964
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.
Interior Features
| Laundry Information |
| Location(s) |
Common Area, Washer Hookup, Electric Dryer Hookup, Inside, Laundry Room |
| Bedroom Information |
| Features |
All Bedrooms Down |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Flooring Information |
| Material |
Carpet, Laminate, Vinyl |
| Interior Information |
| Features |
All Bedrooms Down, Walk-In Closet(s) |
| Cooling Type |
Wall/Window Unit(s) |
Listing Information
| Address |
164 & 172 Preble Drive |
| City |
Tustin |
| State |
CA |
| Zip |
92780 |
| County |
Orange |
| Listing Agent |
Jay Johnson DRE #00969110 |
| Courtesy Of |
ASM Investments |
| List Price |
$4,200,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Quadruplex |
| Structure Size |
N/A |
| Lot Size |
23,387 |
| Year Built |
1964 |
Listing information courtesy of: Jay Johnson, ASM Investments. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 30th, 2024 at 9:53 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
