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164 & 172 Preble Drive

Tustin, CA 92780

PRICE REDUCED

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-$200,000 (-4.55%)

$4,200,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1964

calendar_month Built

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.

Listing Information

List Price $4,200,000
Status Active
MLS OC24214946
HOA $0
Type Residential Income
Subtype Quadruplex
Year Built 1964
Lot Size 23,387
Structure Size N/A
DOM 12
Courtesy Of ASM Investments
Listing Agent Jay Johnson DRE#00969110

Interior Features

Laundry Information
Location(s) Common Area, Washer Hookup, Electric Dryer Hookup, Inside, Laundry Room
Bedroom Information
Features All Bedrooms Down
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material Carpet, Laminate, Vinyl
Fireplace Information
Features Living Room, Wood Burning
Additional Information
Additional Features All Bedrooms Down, Walk-In Closet(s)
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

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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.