CA > Tustin
Tustin, CA 92780,164 Preble Drive
Tustin, CA 92780,164 Preble Drive
Tustin, CA 92780,164 Preble Drive
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Listed by Jay Noel Johnson • ASM Investments
$3,700,000
Est. payment /mo
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7,200 SqFt
Price Dropped by $100K

164 Preble Drive Tustin, CA 92780

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Maureen Alphonso

Maureen Alphonso

+1(805) 279-6885

UPDATED:

02/05/2025 10:17 PM

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 7,200 sqft

Price per Sqft $513

MLS Listing ID OC-24214946

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. Convenient location near the 5 and 55 freeways.

Location

State CA

County Orange

Interior

Heating Fireplace(s)

Cooling Wall/Window Unit(s)

Flooring Carpet, Laminate, Vinyl

Fireplaces Type Living Room

Laundry Common Area, Community, Electric Dryer Hookup, Individual Room, Inside, Washer Hookup

Exterior

Exterior Feature Lighting, Rain Gutters

Parking Features Garage, Garage Door Opener, Private, Tandem Garage, Assigned, Built-In Storage

Garage Spaces 8.0

Pool None

Community Features Curbs, Gutters, Sidewalks, Street Lights, Suburban

Utilities Available Sewer Connected, Water Connected, Cable Available, Electricity Connected, Phone Available

View Y/N No

View None

Building

Lot Description 0-1 Unit/Acre

Sewer Public Sewer

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agent

Maureen Alphonso

Agent | License ID: 01734126

+1(805) 279-6885

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164 Preble Drive