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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
Number of Units : 8
Unit 1 : Number of Unit(s) : 1
Unit 1 : Total Bedrooms : 2
Unit 1 : Total Bathrooms : 1
Unit 2 : Number of Unit(s) : 2
Unit 2 : Total Bedrooms : 2
Unit 2 : Total Bathrooms : 1
Unit 3 : Number of Unit(s) : 3
Unit 3 : Total Bedrooms : 2
Unit 3 : Total Bathrooms : 1
Unit 4 : Number of Unit(s) : 4
Unit 4 : Total Bedrooms : 2
Unit 4 : Total Bathrooms : 1
Number of Units with Range/Oven : 8
Parking Garage Unit 1 : Assigned
Exterior : Brick,Stucco,Wood
Site : Curbs,Sidewalks
Number of Units with Patios : 8
Roof : Composition
Cooling : Wall/Window
Heat Equipment : Fireplace
Heat Source : Electric
Water Heater Type : Electric
Zoning : Appraiser
PROPERTY DETAILS
Street Address: Address not disclosed
City: Tustin
State: California
Postal Code: 92780
County: Orange
MLS Number: OC24214946
Courtesy of ASM Investments
City: Tustin
State: California
Postal Code: 92780
County: Orange
MLS Number: OC24214946
Courtesy of ASM Investments
Courtesy of First Team Real Estate