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.
Sold for $3,300,000
Listed by: ASM Investments • Jay Johnson • Contact: 949-289-3797
Bought with: Compass
$3,300,000
164 & 172 Preble Dr, Tustin, CA 92780
16beds
8baths
7,200sqft
Quadruplex
Built in 1964
-- sqft lot
$1,634,600 Zestimate®
$458/sqft
$3,788 Estimated rent
Home value
$1,634,600
$1.41M - $1.91M
$3,788/mo
Zestimate® history
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List your homeWhat's special
Wood burning fireplaceGarage spacesLarge enclosed patioHuge lotsOpen parking spacesLaundry room
Zillow last checked:
Listing updated:
Listed by:
Jay Johnson DRE #00969110 jay.johnson.cfe@gmail.com,
ASM Investments
Bought with:
Pardis Shooli, DRE #02048172
Compass
Kacey Taormina, DRE #01920673
Compass
Source: CRMLS,MLS#: OC24214946
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 8
Rooms
- Room types: Bedroom, Kitchen, Living Room, Other
Bedroom
- Features: All Bedrooms Down
Other
- Features: Walk-In Closet(s)
Heating
- Electric, Fireplace(s)
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Electric Range, Electric Water Heater, Free-Standing Range, Disposal, Range Hood, Vented Exhaust Fan, Water Heater
- Laundry: Common Area, Washer Hookup, Electric Dryer Hookup, Inside, Laundry Room
Features
- All Bedrooms Down, Walk-In Closet(s)
- Flooring: Carpet, Laminate, Vinyl
- Windows: Blinds, Screens
- Has fireplace: Yes
- Fireplace features: Living Room, Wood Burning
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 7,200
- Total interior livable area: 7,200 sqft
Property
Parking
- Total spaces: 20
- Parking features: Assigned, Garage, Garage Door Opener, Private, Storage, Tandem
- Garage spaces: 8
- Uncovered spaces: 12
Features
- Levels: One
- Stories: 1
- Entry location: front
- Exterior features: Lighting, Rain Gutters
- Pool features: None
- Spa features: None
- Fencing: Good Condition,Security,Wood
- Has view: Yes
- View description: None
Lot
- Size: 0.54 Acres
- Features: 0-1 Unit/Acre
Details
- Additional parcels included: 40159115
- Parcel number: 40159114
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Brick, Stucco, Wood Siding
- Foundation: Slab
- Roof: Composition,Shingle
Condition
- New construction: No
- Year built: 1964
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Curbs, Gutter(s), Street Lights, Suburban, Sidewalks
- Security: Security Lights
- Subdivision: Fourplex
Location
- Region: Tustin
Financial & listing details
- Price per square foot: $458/sqft
- Date on market: 10/18/2024
- Cumulative days on market: 352 days
- Listing terms: Cash,Cash to New Loan,Conventional,FHA,VA Loan
- Total actual rent: 17896
- Tenant pays: Cable TV, Electricity, Telephone
- Road surface type: Alley Paved, Paved
Price history
| Date | Event | Price |
|---|---|---|
| 3/25/2026 | Sold | $3,300,000-10.8%$458/sqft |
Source:  CRMLS #OC24214946 Report a problem | ||
| 3/19/2026 | Pending sale | $3,700,000$514/sqft |
Source: CRMLS #OC24214946 Report a problem | ||
| 3/19/2026 | Listed for sale | $3,700,000$514/sqft |
Source: CRMLS #OC24214946 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 92780
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Nearby schools
GreatSchools rating
- 6/10Guin Foss Elementary SchoolGrades: K-5Distance: 1 mi
- 6/10Columbus Tustin Middle SchoolGrades: 6-8Distance: 0.4 mi
- 6/10Tustin High SchoolGrades: 9-12Distance: 0.6 mi
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Estimated market value
$1,634,600
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Estimated market value
$1,634,600
- California
- Orange County
- Tustin
- 92780
- 164 & 172 Preble Dr
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