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164 & 172 Preble Drive

Tustin, CA 92780

– beds
– baths
– sqft
~1/2 acre lot
1964 build
– on site

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.

Listed By CRMLS_CA / Jay Johnson / ASM Investments / jay.johnson.cfe@gmail.com

Last checked: Checking… • Last updated Nov 18, 2024 •

MLS# OC24214946 —

The Building

Year Built:

1964
Year Built Source:

Appraiser
New Construction:

No
Construction Materials:

Brick, Stucco, Wood Siding
Architectural Style:

Traditional
Roof:

Composition, Shingle
Exterior Features:

Lighting, Rain Gutters
Entry Level:

1
Foundation:

Slab
Common Walls:

2+ Common Walls
Number With Patio:

8
Building Area Total:

7200.00
Building Area Units:

Square Feet
# of Buildings:

2
Total Number Of Units:

8
Stories Total:

1
# of Separate Water Meters:

2
# of Separate Electric Meters:

10

Interior

Levels:

One
Entry Location:

front
Window Features:

Blinds, Screens
Flooring:

Carpet, Laminate, Vinyl
Room Type:

All Bedrooms Down, Kitchen, Living Room, Walk-In Closet
Number Wall AC:

8
Fireplace:

Yes
Fireplace:

Living Room, Wood Burning
Laundry:

Common Area, Community, Electric Dryer Hookup, Individual Room, Inside, Washer Hookup
Laundry:

1

Location

Directions:

164 & 172 PREBLE DRIVE - CORNER OF PREBLE AND SECOND
Latitude:

33.74488200
Longitude:

-117.82093300

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Lot Features:

0-1 Unit/Acre
Lot Size Area:

23387.0000
Lot Size Acres:

0.5369
Lot Size SqFt:

23387.00
Lot Size Source:

Appraiser
View:

None
Fencing:

Good Condition, Redwood, Security, Wood
Fence:

Yes
Security Features:

Security Lights
Road Frontage:

Alley, City Street
Road Surface Type:

Alley Paved, Paved
Property Attached:

1
Additional Parcels:

Yes
Additional Parcels Description:

40159115
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

755.05
Tax Tract:

3994
Tax Lot:

14

The Listing

Special Listing Conditions:

Standard
Parcel Number:

40159114

Heating & Cooling

Heating:

1
Heating:

Electric, Fireplace(s)
Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Utilities

Utilities:

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

Public Sewer
Electric:

Standard
Water Source:

Public

Appliances

Appliances:

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

Yes

The Community

Subdivision:

Other (OTHR)
Subdivision:

Fourplex
Senior Community:

No
Features:

Curbs, Gutters, Sidewalks, Street Lights, Suburban
Pool:

None
Private Pool:

No
Spa Features:

None
Association:

No
Assessments:

No
Assessments:

None

Parking

Parking:

Yes
Parking:

Assigned, Built-In Storage, Garage, Garage Door Opener, Private, Tandem Garage
Parking Spaces:

20.00
Garage Spaces:

8.00
Uncovered Spaces:

12.00

Extra Units

Average 2 Bed Area:

900
Number With Carpet:

8
Number With Drapes:

8
Number With Disposal:

8

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/17/24 Nov 17, 2024	Price Changed	CRMLS_CA	$4,100,000	-2.4%
10/30/24 Oct 30, 2024	Price Changed	CRMLS_CA	$4,200,000	-4.5%
10/18/24 Oct 18, 2024	Listed / Active	CRMLS_CA	$4,400,000

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This multifamily located in First Street, Tustin, CA 92780 is currently for sale for $4,100,000. 164 & 172 Preble Drive is a – square foot multifamily with – beds and – baths that has been on Estately for 34 days. 164 & 172 Preble Drive is in the First Street neighborhood of Tustin and has a WalkScore® of 90, making it very walkable. This multifamily is in the attendance area of Tustin High School, Guin Foss Elementary School, and Columbus Tustin Middle School.

Listing Courtesy of: CRMLS_CA and ASM Investments. Based on information from California Regional Multiple Listing Service, Inc. as of 13:29 on Nov 21.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.