Two Tustin Fourplexes on Large
164 Preble Dr, Tustin, CA 92780
Two fourplexes on separate lots, conventional financing available.
Type:Investment
Lot size:
0.54 Acres- Added:
- Mar 24, 2026
- Days on Market:
- 51
- Last Refresh:
- Mar 20 at 1:30 pm
Property Features for 164 Preble Dr
General Information
- Standard status
- Active
- Lot size
- 0.54 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1964
Listing agent Jay Johnson
Listing office
Listing date Mar 24, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Jay Johnson
HighLights
- Two separate fourplex properties on large lots, sold together with individual financing options.
- Prime Tustin location: walking distance to key amenities.
- Upside in rents with current rents increasing March 1, 2025.
- Each unit features 2 bedrooms, 1 bath, a large enclosed patio, and a wood‑burning fireplace.
- Recent upgrades: repiped with PEX and roof replaced within the last 10 years.
- Convenient access to the 5 and 55 freeways.
Overview
Two fourplex properties are being sold together, located at 164 Preble Drive and 172 Preble Drive in Tustin. Each property is situated on a large lot, with a combined area of approximately 23,387 square feet. Each property will qualify for its own conventional financing. Each fourplex contains four two-bedroom, one-bath units, each approximately 900 square feet. Each property includes 4 garage spaces, a laundry room, and 6 open parking spaces, for a total of 8 units, 8 garage spaces, 2 laundry rooms, and 12 open parking spaces. Each unit features a large enclosed patio off the dining area and a wood-burning fireplace. The laundry rooms are currently on a month-to-month lease. The properties are separately metered for electric, and all units are 100% electric. Both buildings have been repiped with PEX and have had the roof replaced in the last 10 years. The properties are conveniently located near the 5 and 55 freeways, close to the Police Station, Library, Community Center, Old Towne Tustin, City Cultural and Administrative Centers, food, stores, and restaurants, all within walking distance. Current rents are scheduled to increase on March 1, 2025. There is potential for increased rental income. A new owner can negotiate a new contract with a laundry company or install their own machines for additional income.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Tustin
- County
- Orange
- State
- California
- Longitude
- -117.8209905
- Latitude
- 33.7448828
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Two fourplexes on separate lots, conventional financing available.
Where is this quadplex located?
The property is located at 164 Preble Dr Tustin, CA.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: Two separate fourplex properties on large lots, sold together with individual financing options.; Prime Tustin location: walking distance to key amenities.; Upside in rents with current rents increasing March 1, 2025.
