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$3,700,000

Est. payment - /mo

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0.54 Acres Lot

Active

164 & 172 Preble DR Tustin, CA 92780

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Alex Tai

alex@cullinanluxury.com +1(650) 773-2321

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CROC24214946

Style Traditional

Originating Board California Regional MLS

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

Architectural Style Traditional

Others

Tax ID 40159114

Special Listing Condition Not Applicable

Listed by Jay Johnson • ASM Investments

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Alex Tai

Founder | License ID: 02025613

+1(650) 773-2321