164 & 172 Preble DR, Tustin, CA 92780 – OC24214946 - Jim Nelson

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Jim Nelson

nelsonriddle@cbwhomes.com +1(619) 415-5574

$ 4,100,000

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Price Dropped by $100K

164 & 172 Preble DR Tustin, CA 92780

0.54 Acres Lot

UPDATED:

11/18/2024 01:21 AM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Fourplex

MLS Listing ID OC24214946

HOA Y/N No

Year Built 1964

Lot Size 0.537 Acres

Property 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.

Location

State CA

County Orange

Area 71 - Tustin

Interior

Interior Features All Bedrooms Down, Walk-In Closet(s)

Heating Electric, Fireplace(s)

Cooling Wall/Window Unit(s)

Flooring Carpet, Laminate, Vinyl

Fireplaces Type Living Room, Wood Burning

Fireplace Yes

Appliance Electric Range, Electric Water Heater, Free-Standing Range, Disposal, Range Hood, Vented Exhaust Fan, Water Heater

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

Exterior

Exterior Feature Lighting, Rain Gutters

Garage Assigned, Garage, Garage Door Opener, Private, Storage, Tandem

Garage Spaces 8.0

Garage Description 8.0

Fence Good Condition, Security, Wood

Pool None

Community Features Curbs, Gutter(s), Street Lights, Suburban, Sidewalks

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

View Y/N No

View None

Roof Type Composition,Shingle

Total Parking Spaces 20

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 40159114

Security Features Security Lights

Acceptable Financing Cash, Cash to New Loan, Conventional, FHA, VA Loan

Listing Terms Cash, Cash to New Loan, Conventional, FHA, VA Loan

Special Listing Condition Standard

Listed by Jay Johnson • ASM Investments • jay.johnson.cfe@gmail.com

Jim Nelson

Agent | License ID: 01852936

+1(619) 415-5574

Jim Nelson

164 & 172 Preble DR Tustin, CA 92780

Key Details

Location

Interior

Exterior

Building

Others

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164 & 172 Preble DR