$1,625,000

1056 Walter Avenue, Tustin, CA 92780

6 beds |
4 baths |
2,300 sqft

Single-Family Home
Built in 2025
7,314sqft lot
3 car garage
$707/sqft
Listed 6 months ago

Property Description

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. Current Rent: $3,850/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: $7,740/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.

Listing Status:: Active
Date Added:: November 11, 2025
Data Last Updated:: May 20, 2026 at 2:16PM
Listing Office:: Real Broker : 619-248-6434
Listing Agent:: Nhi Phan : 657-233-5233
MLS ID:: OC25249946

General: Separate/Formal Dining RoomEat-in KitchenOpen FloorplanQuartz CountersRecessed LightingAll Bedrooms DownWalk-In Closet(s)
Appliances: DishwasherGas RangeRange Hood
Laundry: Washer HookupGas Dryer Hookup
Flooring: Vinyl
A/C: Central Air
Heating: Central
Fireplace: None
Disability Feature: Parking

General: None
Pool: None
Parking: Direct AccessDrivewayGarageParking spaces: 7

Roofing: Shingle
General: 1

HOA Amenities: 0.0
Originating MLS: CRMLS_CRM
School District: Tustin Unified
County: Orange

Zoning: 43207207
View: NeighborhoodView

Water: Public
Sewer: Public Sewer

Source: CRMLS_CRM
Exclusions: Tenant's Belongings

This listing courtesy of Nhi Phan , Real Broker

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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