164 Preble Dr Tustin, CA 92780

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.