164 & 172 Preble DR Active Save Request In-Person Tour Request Virtual Tour
Tustin,CA 92780
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC24214946
Style Traditional
Year Built 1964
Lot Size 0.537 Acres
Property Description
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. Conve
Location
State CA
County Orange
Area 71 - Tustin
Rooms
Kitchen Garbage Disposal,Hood Over Range,Exhaust Fan,Oven Range - Electric,Oven Range
Interior
Heating Electric,Fireplace
Cooling Window / Wall Unit
Flooring Laminate
Laundry In Laundry Room,Laundry Area,30,Other,Washer/Dryer - Leased,Community Facility,9
Exterior
Parking Features Storage - RV,Assigned Spaces,Private / Exclusive,Garage,Gate / Door Opener
Garage Spaces 20.0
Pool 31,None
View None
Roof Type Shingle,Composition
Building
Story One Story
Foundation Concrete Slab
Water Hot Water,District - Public
Others
Special Listing Condition Not Applicable