164 & 172 Preble Drive, Tustin, CA 92780
- $3,300,000
- Sold Price
- $3,300,000
- List Price
- $3,700,000
- Closing Date
- Mar 25, 2026
- Status
- CLOSED
- MLS#
- OC24214946
- Year Built
- 1964
- Lot Size
- 23,387
- Acres
- 0.54
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 352
- Property Type
- Multifamily
- Style
- Traditional
- Property Sub Type
- Quadruplex
- Stories
- One Level
- Neighborhood
- Fourplex
Property Description
TWO RARE TUSTIN FOURPLEXS ON TWO SEPARATE HUGE LOTS, CONVENTIONAL CONFORMING FINANCING (2 separate loans) - 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, current rents shown go into effect March 1, 2025. 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.
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Additional Information
- Appliances
- Electric Range, Electric Water Heater, Free-Standing Range, Disposal, Range Hood, Vented Exhaust Fan, Water Heater
- Pool Description
- None
- Fireplace Description
- Living Room, Wood Burning
- Heat
- Electric, Fireplace(s)
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- None
- Exterior Construction
- Brick, Stucco, Wood Siding
- Roof
- Composition, Shingle
- Garage Spaces Total
- 8
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- All Bedrooms Down, Walk-In Closet(s)
- Attached Structure
- Attached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $234,876
- Operating Expense
- 26331
Listing courtesy of Listing Agent: Jay Johnson (jay.johnson.cfe@gmail.com) from Listing Office: ASM Investments.
Listing sold by Pardis Shooli from Compass
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.