$1,650,000
Est. $9,240/mo1056 Walter Avenue, Tustin, CA 92780
About this home
CORNER LOT WITH 2-UNITS ON ONE LOT for $825,000 Each Unit In the heart of Tustin. Don’t 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.
infoProperty Facts
Bedrooms
6
Bathrooms
4
Square Feet
2,300
Lot Size
7,314 sqft
Year Built
2025
Property Type
Single Family Residence
Days on Market
73
HOA Fee
N/A
Garage Total
3
MLS #
OC25249946
chairInterior Details
General Interior
Interior Features
Separate Formal Dining Room, Eat In Kitchen, Open Floorplan, Quartz Counters, Recessed Lighting, All Bedrooms Down, Walk In Closets
Flooring
Vinyl
Accessibility
Parking
Kitchen & Appliances
Appliances
Dishwasher, Gas Range, Range Hood
Laundry
Washer Hookup, Gas Dryer Hookup
Bed & Bath
Main Level Bedrooms
6
Main Level Bathrooms
4
Climate Control
Cooling
Central Air
Heating
Central
garageParking
Total Parking Spaces
7
Garage Spaces
3
Open Parking Spaces
4
Attached Garage
Yes
Parking Features
Direct Access, Driveway, Garage
deckExterior & Lot
Building & Construction
Security
Carbon Monoxide Detectors, Smoke Detectors
Roof
Shingle
Lot & Grounds
Lot Features
Corner Lot
Sewer
Public Sewer
Water Source
Public
diversity_3Community & HOA
Association Info
Community Features
Sidewalks
Mortgage Calculator
$0
Nearby Schools
| Rating | School Name |
|---|---|
9 | GreatSchools High (Demo) public School • ratio 22:1 |
7 | Valley View Elementary (Demo) public School • ratio 18:1 |
6 | Lincoln Middle School (Demo) public School • ratio 20:1 |
NR | St. Mary Example Academy (Demo) private School • ratio 12:1 |
Walkability
Market Insights
Estimated Value
Market Temperature
Balanced market
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
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