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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.

PROPERTY FEATURES

Rooms information : All Bedrooms Down,Kitchen,Living Room,Walk-In Closet
Electric: Standard Sewer: Public Sewer Water Source: Public
Uncovered Spaces: 12.00 Carport Spaces: 0.00 # of Garage Spaces: 8.00 # of Parking Spaces: 20.00
Security Features: Security Lights
Lot Features: 0-1 Unit/Acre Exterior Features:Lighting,Rain Gutters Fencing: Good Condition,Redwood,Security,Wood
Number Of Buildings: 2 Road Frontage: Alley,City Street Road Surface: Alley Paved,Paved Parcel Identification Number: 40159114
Cooling: Has Cooling Heating: Has Heating Heating Type: Electric,Fireplace(s) Cooling Type: Wall/Window Unit(s)
Architectural Style : Traditional Flooring: Carpet,Laminate,Vinyl Roof Type: Composition,Shingle Construction: Brick,Stucco,Wood Siding Year Built Source: Appraiser
Fireplace Features : Living Room,Wood Burning Common Walls: 2+ Common Walls Appliances: Electric Range,Electric Water Heater,Free-Standing Range,Disposal,Range Hood,Vented Exhaust Fan,Water Heater Laundry Features: Common Area,Community,Electric Dryer Hookup,Individual Room,Inside,Washer Hookup Laundry: Has Laundry
MLSAreaMajor: 71 - Tustin

PROPERTY DETAILS

Street Address: 164 Preble Drive
City: Tustin
State: California
Postal Code: 92780
County: Orange
MLS Number: OC24214946
Year Built: 1964
Courtesy of ASM Investments

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