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1056 Walter Avenue

Tustin, CA 92780
  • $1,650,000
  • STATUS: Active
  • ON SITE: 73 Days
  • ID#: OC25249946
UPDATED: 60 min ago
$1,650,000
  • 6
    BEDS
  • 0.17
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,300
    SQFT
  • $717
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
2025
County:
Area:

School Ratings & Info

School District:
Listing Agent(s): Nhi Phan of Real Broker (855-450-0442)


Description

CORNER LOT WITH 2-UNITS ON ONE LOT for $825,000 Each Unit In the heart of Tustin. Dont 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. Market Rent: $4,200/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: $8,090/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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-01-24T00:26:00.087. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.
www.americanrealestatehomes.com/homes/169838045
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1056 Walter Avenue Tustin, CA 92780

  • Price: $1,650,000
  • Status: Active
  • On Site: 73 Days
  • Updated: 60 min ago
  • ID#: OC25249946
6
Beds
4
Baths
0
½ Baths
0.17
Acres
2,300
SQFT
$717
$/SQFT
2025
Built
Neighborhood:
Other
County:
Orange
Area:
71 - Tustin
School District:
Tustin Unified
Property Description
CORNER LOT WITH 2-UNITS ON ONE LOT for $825,000 Each Unit In the heart of Tustin. Dont 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. Market Rent: $4,200/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: $8,090/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.
Exterior Features

Attached Garage YN Yes Entry Level 1 Entry Location Front Door Lot Features Corner Lot Open Parking Spaces 4 Parking Features Direct AccessDrivewayGarage Parking Total 7 Pool Features None Pool Private YN No Property Attached YN No Roof Shingle Spa Features None Spa YN No View Neighborhood View YN Yes

Interior Features

Accessibility Features Parking Appliances DishwasherGas RangeRange Hood Common Walls No Common Walls Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Vinyl Heating Central Heating YN Yes Interior Features Separate/Formal Dining RoomEat-in KitchenOpen FloorplanQuartz CountersRecessed LightingAll Bedrooms DownWalk-In Closet(s) Main Level Bathrooms 4 Main Level Bedrooms 6

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Sidewalks Exclusions Tenant's Belongings Garage YN Yes Land Lease YN No Laundry Features Washer HookupGas Dryer Hookup Lease Considered YN No Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional1031 ExchangeFHA New Construction YN Yes Property Sub Type Single Family Residence Security Features Carbon Monoxide Detector(s)Smoke Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Structure Type House Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-01-24T00:26:00.087. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.
 
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American Real Estate List & Sell
6391 Magnolia Ave., B20
Riverside CA, 92505
Listing Agent(s): Nhi Phan of Real Broker (855-450-0442)