Tustin, CA 92780 164 & 172 Preble Drive
$4,200,000
21 more
Presented By: Jay Johnson with ASM Investments; [email protected]
Beds • 2
Baths • 1
SQFT • 7,200
Garage • 8
Home Details
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.
Presented By: Jay Johnson with ASM Investments; [email protected]
Interior Features for 164 & 172 Preble Drive
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesLivingRoom, WoodBurning
Fireplace Y/NYes
FlooringCarpet, Laminate, Vinyl
Heating Y/NYes
Laundry FeaturesCommonArea, WasherHookup, ElectricDryerHookup, Inside, LaundryRoom
Total Stories1
Window FeaturesBlinds, Screens
Other Rooms
Entry Level1
General for 164 & 172 Preble Drive
Additional Parcels Description40159115
Additional Parcels Y/NYes
AppliancesElectricRange, ElectricWaterHeater, FreeStandingRange, Disposal, RangeHood, VentedExhaustFan, WaterHeater
Architectural StyleTraditional
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces0.0
Carport Y/NNo
CityTustin
Community FeaturesCurbs, Gutters, StreetLights, Suburban, Sidewalks
Construction MaterialsBrick, Stucco, WoodSiding
ContingencyBUYER TO COOPERATE WITH SELLER'S 1031 EXCHANGE. Seller is a licensed real estate broker.
Offers must be complete with POF, pre-approval/DU letter, and finished RPA. Contact listing agent with any
CoolingWallWindowUnits
CountyOrange
Directions164 & 172 PREBLE DRIVE - CORNER OF PREBLE AND SECOND
ElectricStandard
Electric Expense1710.0
Electric On Property Y/NNo
Entry Locationfront
Exterior FeaturesLighting, RainGutters
Fuel Expense0.0
Garage Spaces8.0
Garage Y/NYes
Gross Income216360.0
HOANo
HOA Fee$0.0
HeatingElectric, Fireplaces
Home Warranty Y/NNo
Insurance Expense3475.0
Interior FeaturesAllBedroomsDown, WalkInClosets
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet23387.0
Lot Size UnitsSquareFeet
MLS Area71 - Tustin
MaintenanceExpense9876.0
MobileHomeRemainsYNNo
Net Operating Income190029.0
New ConstructionNo
Number of Units Leased8
NumberOfUnitsTotal8
Open Parking Spaces12.0
Operating Expense26331.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition, Shingle
Security FeaturesSecurityLights
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Subdivision NameFourplex
Tax Lot14
Tenant PaysCableTv, Electricity, Telephone
TermsCash, CashToNewLoan, Conventional, FHA, VaLoan
Total Actual Rent17896.0
Trash Expense2714.0
UtilitiesCableAvailable, ElectricityConnected, PhoneAvailable, SewerConnected, WaterConnected
ViewNone
Water Sewer Expense3871.0
Waterfront Y/NNo
Year Built1964
Year Built SourceAppraiser
Exterior for 164 & 172 Preble Drive
Building Area Total7200.0
Crops Included Y/NNo
FencingGoodCondition, Security, Wood
Foundation DetailsSlab
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.5369
Lot Size Area23387.0
Lot Size SourceAppraiser
Number of Buildings2
Number of Separate Electric Meters10
Number of Separate Gas Meters0
Number of Separate Water Meters2
Open Parking Y/NNo
Parking FeaturesAssigned, Garage, GarageDoorOpener, Private, Storage, Tandem
Road Frontage TypeAlley, CityStreet
Road Surface TypeAlleyPaved, Paved
SpaNo
Total Parking20.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480