Offered For Sale

& 172 Preble Drive

#OC24214946

MLF

Built in 1964

$4,400,000

About the property

TWO RARE TUSTIN FOURPLEXS ON TWO SEPARATE HUGE LOTS - BEING SOLD TOGETHER!!! 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

General

  • Half Bathrooms 0
  • Real Estate Sub Type Quadruplex
  • Real Estate Type MLF
  • Square Feet 7,200
  • Stories 1
  • Year Built 1,964
  • Agent Name Jay Johnson
  • Broker Id OC18004
  • Office Name ASM Investments
  • Days On Market 1
  • Status Active
  • Agent Cell [email protected]

Building

  • Construction Brick
    Stucco
    Wood Siding
  • Cooling Wall/Window Unit(s)
  • Exterior Features Lighting
    Rain Gutters
  • Flooring Carpet
    Laminate
    Vinyl
  • Foundation Slab
  • Heating Electric
    Fireplace(s)
  • Roof Composition
    Shingle
  • Style Traditional

Location

  • Subdivision Other (OTHR)
  • View None

Location

Questions

Human check: how many dogs are below?

     

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