About 164 & 172 Preble Drive
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.
Features of 164 & 172 Preble Drive
| MLS® # | OC24214946 |
|---|---|
| Price | $3,900,000 |
| Bedrooms | 16 |
| Bathrooms | 8.00 |
| Acres | 0.54 |
| Year Built | 1964 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Style | Traditional |
| Status | Active |
Community Information
| Address | 164 & 172 Preble Drive |
|---|---|
| Area | 71 - Tustin |
| Subdivision | Fourplex |
| City | Tustin |
| County | Orange |
| Zip Code | 92780 |
Amenities
| Utilities | Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected |
|---|---|
| Parking Spaces | 20 |
| Parking | Assigned, Garage, Garage Door Opener, Private, Storage, Tandem |
| # of Garages | 8 |
| Garages | Assigned, Garage, Garage Door Opener, Private, Storage, Tandem |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Interior | Carpet, Laminate, Vinyl |
|---|---|
| Interior Features | All Bedrooms Down, Walk-In Closet(s) |
| Appliances | Electric Range, Electric Water Heater, Free-Standing Range, Disposal, Range Hood, Vented Exhaust Fan, Water Heater |
| Heating | Electric, Fireplace(s) |
| Cooling | Wall/Window Unit(s) |
| Has Basement | No |
| Fireplace | Yes |
| Fireplaces | Living Room, Wood Burning |
| # of Stories | 1 |
| Stories | One |
Exterior
| Exterior | Brick, Stucco, Wood Siding |
|---|---|
| Exterior Features | Lighting, Rain Gutters |
| Lot Description | ZeroToOneUnitAcre |
| Windows | Blinds, Screens |
| Roof | Composition, Shingle |
| Construction | Brick, Stucco, Wood Siding |
| Foundation | Slab |
Additional Information
| Date Listed | October 16th, 2024 |
|---|---|
| Days on Market | 48 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Jay Johnson |
|---|---|
| Office | ASM Investments |