164 & 172 Preble DR Active Save Request In-Person Tour Request Virtual Tour
Tustin,CA 92780
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 7,200 sqft
Price per Sqft $611
Subdivision ,Fourplex
MLS Listing ID OC24214946
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
Rooms
Ensuite Laundry Common Area,Washer Hookup,Electric Dryer Hookup,Inside,Laundry Room
Interior
Laundry Location Common Area,Washer Hookup,Electric Dryer Hookup,Inside,Laundry Room
Heating Electric,Fireplace(s)
Cooling Wall/Window Unit(s)
Flooring Carpet,Laminate,Vinyl
Fireplaces Type Living Room,Wood Burning
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
Building
Lot Description 0-1 Unit/Acre
Story 1
Foundation Slab
Sewer Public Sewer
Water Public
New Construction No
Others
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