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Listed by Jay Johnson • ASM Investments
$ 3,700,000
Est. payment | /mo
7,200 SqFt
$ 3,700,000
Est. payment | /mo
7,200 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,200 sqft
Price per Sqft $513
MLS Listing ID CROC24214946
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1964
Lot Size 0.537 Acres
Property Sub-Type Other
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
State CA
County Orange
Interior
Heating Electric, Other
Cooling Wall/Window Unit(s)
Flooring Laminate, Vinyl, Carpet
Fireplace No
Appliance Electric Water Heater
Laundry Community Facility, Laundry Room, Other, Inside
Exterior
View None
Building
Water Public
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