164 Preble Drive

Tustin, CA 92780

$3,900,000
Price
8
Beds
4
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

Description

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;...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.
  1. Listed by Jay Johnson • DRE #00969110 • Brokerage DRE #00969110 • ASM Investments

Property Details for 164 Preble Drive

City Postal ID
OC - TUSTIN (92780)
LISTING UPDATED: 12/17/2024 11:21 PM

Property Details for 164 Preble Drive

StatusActive
MLS #OC24214946
Days on Market65
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type2-4 Units
Year Built-
Lot Size0.54 AC / 23,387 SF
CountyOrange County

Building Information for 164 Preble Drive

Stories1Residences-Year Built-Building Size-Lot Size0.54 AC / 23,387 SF

Property Information for 164 Preble Drive

Summary Information
Property and Location
  • System ID: 306291501
  • Class: 2-4 UNITS
  • Levels: 1 Story
  • Street Number Numeric: 164
  • Street Name: Preble Drive
  • Directions To Property: 164 & 172 PREBLE DRIVE - CORNER OF PREBLE AND SECOND
HOA and Fees
  • Home Owner Fees: $0
  • Monthly Total Fees: $113
  • CFD/Mello-Roos Fee: $1,367
  • CFD/Mello-Roos Fee Reflct: Year
Supplement
  • Supplement: 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.
Interior and Exterior Features
Interior Features
  • Num of Units w/Cooling: 8
  • Heat Equipment: Fireplace
  • Water Heater Type: Electric
  • Heat Source: Electric
Exterior Features
  • Exterior: Brick, Stucco, Wood
  • Roof: Composition
  • Pool: N/K
Property Information
Property and Assessments
  • Total Stories: 1
  • Entry Only: No
  • Lot Size Source: Appraisal
  • Site: Curbs, Sidewalks
  • Zoning: Appraiser
  • Assessments: N/K
  • Assessors Parcel Num: 40159114
Multi Family Information
Unit 1
  • Unit Num for Unit 1: 1
  • Parking Garage Unit 1: Assigned
  • Unit 1 Num of Bedrooms: 2
  • Unit 1 Num of Total Baths: 1
  • Unit 1 Rent Actual: $2,040
Unit 2
  • Unit Num for Unit 2: 2
  • Unit 2 Num of Bedrooms: 2
  • Unit 2 Num of Total Baths: 1
  • Unit 2 Rent Actual: $2,176
Unit 3
  • Unit Num for Unit 3: 3
  • Unit 3 Num of Bedrooms: 2
  • Unit 3 Num of Total Baths: 1
  • Unit 3 Rent Actual: $2,230
Unit 4
  • Unit Num for Unit 4: 4
  • Unit 4 Num of Bedrooms: 2
  • Unit 4 Num of Total Baths: 1
  • Unit 4 Rent Actual: $2,040

Property History for 164 Preble Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 164 Preble Drive

Taxable ValueLand$277,999Additions$175,974Total$453,973
Tax Record2024$6,277 ($523 / month)
Home Facts
Total Finished SqFt3,535 SqFtAbove Grade Finished SqFt3,535 SqFtLot Size12,923 SqFtStyleMulti-Family Res (5+ Units)Year Built1963CountyORANGEAPN401-591-14

Schools near 164 Preble Drive

This home is within Tustin Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Guin Foss Elementary School
PublicK to 5

Columbus Tustin Middle School
Public6 to 8

Tustin High School
Public9 to 12

Hillview High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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164 Preble Drive is a multi-family home for sale in Tustin, CA 92780. This property was listed for sale on October 18, 2024 by ASM Investments, it's currently listed at $3,900,000. This listing's school district is Tustin Unified School District. Nearby schools include Guin Foss Elementary School, Columbus Tustin Middle School and Tustin High School. 164 Preble Drive is a 8-bed, 4-bath, multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of ASM Investments, Jay Johnson, DRE #00969110

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.