164 & 172 Preble Drive, Tustin, CA 92780 - Berkshire Hathaway HomeServices California Properties
164 & 172 Preble Drive Tustin, CA 92780
$3,700,000 0 beds, 0 baths
0 sqft

Agent Remarks

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 Details

Property type: Quadruplex (Multi-Family)
Status: Active
MLS# OC24214946
List price is $3,700,000 Reduced by $100,000 on 2/5/2025
HOA Fee is $0.00
Beds: 0
Baths: 0
Living Room,Wood Burning fireplaces
Built in 1964
1 story
0.54 acres
Lot size: 0.5369
Subdivision: Fourplex
County: Orange
Property style: Traditional
Construction: Brick,Stucco,Wood Siding
Interior features: All Bedrooms Down,Walk-In Closet(s)
Exterior features: Lighting,Rain Gutters
Appliances: Electric Range,Electric Water Heater,Free-Standing Range,Disposal,Range Hood,Vented Exhaust Fan,Water Heater
Parking description: Assigned,Garage,Garage Door Opener,Private,Storage,Tandem
Lot description: ZeroToOneUnitAcre
Heating/cooling: Wall/Window Unit(s)
Heating description: Electric,Fireplace(s)
MLS area: 71 - Tustin

Last Updated: 2/5/2025

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The style of this listing is Traditional.
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Lat/Long: 33.744882, -117.820933.
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Listing Agent: Jay Johnson
Lic#: 01234982
Office Name: Mission Viejo

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