$ 4,200,000
164 Preble Drive Tustin, CA 92780
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Listed by Jay Johnson • ASM Investments
$ 4,200,000
Est. payment /mo
Active
164 Preble Drive Tustin, CA 92780
7,200 SqFt
UPDATED:
10/31/2024 05:29 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,200 sqft
Price per Sqft $583
MLS Listing ID CROC24214946
HOA Y/N No
Originating Board Datashare California Regional
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 free
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
Parking Type Assigned, Tandem, Other, Private
Building
Water Public
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