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

Features
: Electric, Other
: Wall/window Unit(s)
: Electric Water Heater
: Carpet, Laminate, Vinyl
: Community Facility, Laundry Room, Other, Inside
: Tandem, Other, Private, Assigned
: Shingle, Other
Address Map
CA
Orange
Tustin
92780
164 Preble Drive
0
W118° 10' 44.7''
N33° 44' 41.6''
164 & 172 PREBLE DRIVE - CORNER
MLS Addon
ASM Investments
Jay Johnson
jay.johnson.cfe@gmail.com
: Stucco, Brick, Wood Siding
CR372371833
CR372371758
: Other
: Public

Commercial Sale For Sale

164 Preble Drive, Tustin, California 92780

7,200 Sqft
$3,900,000
Listing ID #CROC24214946
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : CROC24214946
Price : $3,900,000
Square Footage : 7,200 Sqft
Year Built : 1964
Lot Area : 23,387 Sqft
Status : Active
Property SubType : Other
Agent info
Michael Roberts
Contact Agent