Skip main navigation
New construction
    • Listed by: Real Broker • Nhi Phan • Contact: 657-233-5233
    Price cut: $30K (6/30)
    $1,595,000

    1056 Walter Ave, Tustin, CA 92780

    6beds
    2,300sqft
    : 
    Loading
    Get pre-qualified
    Single Family Residence
    Built in 2025
    7,314 Square Feet Lot
    $1,581,700 Zestimate®
    $693/sqft
    $-- HOA

    What's special

    CORNER LOT WITH 2-UNITS ON ONE LOT for $797,500 Each Unit In the heart of Tustin. Don’t miss this opportunity to own a highly desirable property featuring a fully remodeled home and a brand-new construction detached single family home — perfect for investors, 1031 exchange buyers, or owner-occupiers seeking rental income. Unit 1 – BRAND NEW Detached Single Family Home (Built in 2025) - Modern 3 beds / 2 baths 1,150 SF with a 1-car garage plus 1-car driveway parking, Central A/C & Heat. Current Rent: $3,850/month. Unit 2 – Fully Remodeled - Spacious 3 beds / 2 baths approx. 1,150 SF with 2-car garage & 2 car driveway parking, Central A/C & Heat. Current Rent $3,890/month. Total Rental Income: $7,740/month. Separate Water, Gas & Electricity meters – tenants pay all utilities. Each unit features open-concept layouts, modern cabinetry, quartz countertops, high-end appliances, vinyl flooring, Central A/C & Heat, recessed lighting, walk-in closets, and in-unit washer/dryer hookups. With quality renovations and new construction, this is a low-maintenance property for the next 10+ years. Located in a prime Tustin neighborhood close to schools, shopping, dining, and freeway access.
    242 days
    |
    1,150
    |
    48
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Nhi Phan DRE #02178756 714-823-1972,

    Real Broker

    Source: CRMLS,MLS#: OC25249946MLS LogoOriginating MLS: California Regional MLS

    Loading...

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 4
      • Full bathrooms: 4
      • Main level bathrooms: 4
      • Main level bedrooms: 6
      Rooms
      • Room types: Bedroom, Kitchen, Laundry, Living Room, Primary Bedroom, Other, Dining Room
      Bedroom
      • Features: All Bedrooms Down
      Bathroom
      • Features: Bathroom Exhaust Fan, Quartz Counters, Remodeled, Tub Shower
      Kitchen
      • Features: Kitchen/Family Room Combo, Quartz Counters, Remodeled, Updated Kitchen
      Other
      • Features: Walk-In Closet(s)
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Gas Range, Range Hood
      • Laundry: Washer Hookup, Gas Dryer Hookup
      Features
      • Separate/Formal Dining Room, Eat-in Kitchen, Open Floorplan, Quartz Counters, Recessed Lighting, All Bedrooms Down, Walk-In Closet(s)
      • Flooring: Vinyl
      • Has fireplace: No
      • Fireplace features: None
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total interior livable area: 2,300 sqft

      Property

      Parking
      • Total spaces: 7
      • Parking features: Direct Access, Driveway, Garage
      • Attached garage spaces: 3
      • Uncovered spaces: 4
      Accessibility
      • Accessibility features: Parking
      Features
      • Levels: One
      • Stories: 1
      • Entry location: Front Door
      • Pool features: None
      • Spa features: None
      • Has view: Yes
      • View description: Neighborhood
      Lot
      • Size: 7,314 Square Feet
      • Features: Corner Lot
      Details
      • Parcel number: 43207207
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Roof: Shingle
      Condition
      • New construction: Yes
      • Year built: 2025

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Sidewalks
      • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
      • Subdivision: Other
      Location
      • Region: Tustin

      Financial & listing details

      • Price per square foot: $693/sqft
      • Tax assessed value: $910,000
      • Annual tax amount: $10,438
      • Date on market: 11/11/2025
      • Cumulative days on market: 243 days
      • Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange,FHA
      • Exclusions: Tenant's Belongings

        Estimated market value

        $1,581,700

        $1.50M - $1.66M

        $5,966/mo

        Price history

        DateEventPrice
        6/30/2026Price change$1,595,000-1.8%$693/sqft
        Source: CRMLS #OC25249946 Report a problem
        4/2/2026Price change$1,625,000-1.5%$707/sqft
        Source: CRMLS #OC25249946 Report a problem
        11/12/2025Listed for sale$1,650,000+81.3%$717/sqft
        Source: CRMLS #OC25249946 Report a problem
        3/6/2025Listing removed$3,890$2/sqft
        Source: CRMLS #OC25035435 Report a problem
        3/5/2025Listed for rent$3,890$2/sqft
        Source: CRMLS #OC25035435 Report a problem
        3/5/2025Listing removed$3,890$2/sqft
        Source: Zillow Rentals Report a problem
        2/20/2025Price change$3,890-4.9%$2/sqft
        Source: Zillow Rentals Report a problem
        2/11/2025Price change$4,090-2.4%$2/sqft
        Source: Zillow Rentals Report a problem
        1/29/2025Price change$4,190-2.3%$2/sqft
        Source: Zillow Rentals Report a problem
        12/14/2024Listed for rent$4,290$2/sqft
        Source: Zillow Rentals Report a problem
        9/18/2024Sold$910,000+1.1%$396/sqft
        Source: CRMLS #OC24151619 Report a problem
        9/13/2024Pending sale$899,999+131.7%$391/sqft
        Source: CRMLS #OC24151619 Report a problem
        3/21/2008Sold$388,500-22.3%$169/sqft
        Source: Public Record Report a problem
        8/23/2007Sold$500,000-20%$217/sqft
        Source: Public Record Report a problem
        7/13/2005Sold$625,000+110.4%$272/sqft
        Source: Public Record Report a problem
        11/26/2002Sold$297,000$129/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$10,438 +80.7%$910,000 +81.9%
        2024$5,778 +2.5%$500,288 +2%
        2023$5,634 +1.6%$490,479 +2%
        2022$5,545 +2%$480,862 +2%
        2021$5,434 +0.5%$471,434 +1%
        2020$5,405 $466,601 +2%
        2019$5,405 +2.5%$457,452 +2%
        2018$5,274 +3.5%$448,483 +2%
        2017$5,097 $439,690 +2%
        2016$5,097 +1.8%$431,069 +1.5%
        2015$5,006 +3.4%$424,594 +4.3%
        2014$4,841 $407,000 +12.7%
        2013-- $361,000
        2012-- $361,000
        2011-- $361,000 -8.7%
        2010-- $395,329 +5.4%
        2009-- $375,000 -29.2%
        2008-- $530,000 -16.9%
        2007-- $637,500 +2%
        2006-- $625,000 +102.5%
        2005-- $308,594 +2%
        2004-- $302,544 +1.9%
        2003-- $297,000 +25.1%
        2002-- $237,412 +7.9%
        2001$2,455 +9.1%$220,000 +10%
        2000$2,250 $200,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: 92780

        Getting around

        90 / 100
        Very Walkable
        46 / 100
        Some Transit
        71 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes

            • Local buyer's agents are ready to help

              Nearby cities

              Nearby zip codes

              Other Tustin Topics

                Search
                Updates
                Favorites
                Plan
                Inbox