164 Preble Drive

Tustin, CA 92780
$3,900,000
0.54 acres | #OC24214946
Courtesy of ASM Investments

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.
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  • Property Details
      • Interior:AllBedroomsDown, WalkInClosets
      • Stories:1
      • Lot description:ZeroToOneUnitAcre
      • Exterior materials:Lighting, RainGutters
      • Acres:0.5369
      • Parking spaces:8
      • Property type:Multi-Family
      • Year built:1964
      • Foundation:Slab
      • Sewer information:PublicSewer
      • Utility source:Public
      • Utility features:CableAvailable, ElectricityConnected, PhoneAvailable, SewerConnected, WaterConnected
      • Subdivision:Fourplex
      • County:Orange
      • Original List Price:$4, 400, 000
      • MLS #:OC24214946
      • Cost:3900000
      • Property subtype:Quadruplex
      • MLS #:OC24214946

Location

The Alcantara GroupReal Estate Group
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10.0%

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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