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About the Listing OC18004 - OCJOHNSOJ
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. Convenient location near the 5 and 55 freeways.
Listing Highlights for 164 & 172 Preble Dr
Status
Active
Days on Site
323
Property Type
Multi-Family
MLS ®
OC24214946
Year Built
1964
Total Square Footage
7,200
Lot/Acreage
0.54
Interior Details
- Bedrooms: 12
- Bathrooms: 6 Full
- Appliances: Electric Range, Electric Water Heater, Free-Standing Range, Disposal, Range Hood, Vented Exhaust Fan, Water Heater
- Air Cond: Wall/Window Unit(s)
- Heating: Electric,Fireplace(s)
- Fireplaces: Living Room,Wood Burning
- Floor: Carpet,Laminate,Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: 8 car
- Parking Spaces: 20
- Roof: Composition,Shingle
- Others: Lighting,Rain Gutters,2+ Total Units
- Sewer: Public Sewer
- Parking Features: Assigned,Built-In Storage,Garage,Garage Door Opener,Private,Tandem Garage
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 40159114
- Tax Year: N/A
Payment Calculator
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Listing Location
Questions About..
164 & 172 Preble Dr Tustin, CA 92780
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