ParkingAssigned, Garage, Garage Door Opener, Private, Storage, Tandem
Garage8 spaces
Year Built1964
HeatingElectric, Fireplace(s)
CoolingWall/Window Unit(s)
FireplaceLiving Room, Wood Burning
ViewNone
MLS #OC24214946
Lot Size0.54 Acres
StatusActive
About 164 Preble Dr
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.
Property Details
Property Features
Property Information:
Architectural Style: Traditional
Year Built: 1964
Stories: 1
Listing Office:
Office Name: ASM Investments
Office Email: jay.johnson.cfe@gmail.com
Listing Agent: Jay Johnson
Interior Features
Interior Information:
Appliances: Electric Range, Electric Water Heater, Range, Disposal, Range Hood, Vented Exhaust Fan, Water Heater
Flooring Type: Carpet, Laminate, Vinyl
Interior: All Bedrooms Down, Walk-In Closet(s)
Fireplace: Living Room, Wood Burning
Exterior Features
Exterior Information:
Private Pool: No
View: None
Exterior: Lighting, Rain Gutters
Parking Information:
Garage Space: 8 spaces
Parking: Assigned, Garage, Garage Door Opener, Private, Storage, Tandem
Lot Features
Lot Information:
Lot Size: 0.54 Acres
Utilities
Utilities Information:
Heating: Electric, Fireplace(s)
Cooling: Wall/Window Unit(s)
Other
Directions Information:
Directions: 164 & 172 PREBLE DRIVE - CORNER OF PREBLE AND SECOND
Price Information
Listing Price Info
Price Summary:
List Price: $3,900,000
Tax Information:
Annual Amount: $5,860
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Tustin, CA.
This property is $2.7M more than the Median Sold Price in Tustin, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #OC24214946
Listing Office:
Office Name: ASM Investments
Office Email: jay.johnson.cfe@gmail.com
Listing Agent: Jay Johnson
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 2:21:08 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$5,860
$427,791
2020
$5,825
$423,405
2019
$5,621
$415,103
2018
$5,621
$406,964
2017
$5,531
$398,985
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$19.5K
Per Month
Principal & Interest
$19.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$11.7K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Estock Elementary School
14741 N B St
Distance between this listing and this school0.48 miles
Public District Grades KG-5
5
/10
Guin Foss Elementary School
18492 Vanderlip Ave
Distance between this listing and this school0.95 miles
Public District Grades KG-5
5
/10
Beswick Elementary School
1362 Mitchell Ave
Distance between this listing and this school0.95 miles
Public District Grades KG-5
Nearby Schools
7
/10
Columbus Tustin Middle School
17952 Beneta Way
Distance between this listing and this school0.41 miles
Public District Grades 6-8
5
/10
Utt Middle School
13601 Browning Ave
Distance between this listing and this school1.18 miles
Public District Grades 6-8
3
/10
Currie Middle School
1402 Sycamore Ave
Distance between this listing and this school1.35 miles
Public Magnet Grades 6-8
Nearby Schools
7
/10
Tustin Connect
1151 San Juan St
Distance between this listing and this school0.39 miles
Public District Grades KG-12
6
/10
Tustin High School
1171 El Camino Real
Distance between this listing and this school0.55 miles
Public District Grades 9-12
3
/10
Hillview High (Continuation)
1701 San Juan St
Distance between this listing and this school0.94 miles
The neighbors living near this home have an average income of $58,537. Typical income of Tustin, CA residents is between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 164 Preble Dr in Tustin, CA and zip code 92780. This home, which was built in 1964, sits on a 0.54 acre lot. It has been listed on Rocket Homes since October 18, 2024 and is currently priced at $3,900,000.
While more than 15 listings in Tustin, CA in November 2024 were sold above asking price, there were more than 4 listings sold at asking price, and more than 7 were sold below. In November 2024 in Tustin, CA there were 25.2% less homes for sale than in October 2024. While the average time on the market in November 2024 was 16 days, the median list price was $1,169,583.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
PGA/LPGA
PGA/LPGA
Continuing Education Courses
Pro Boxing
Chico's
Express/Express For Men
Burlington
Cracker Barrel
Qdoba
Popeyes
Buick
Volkswagen
Dodge
Soft Adult Contemporary
Urban Contemporary
News