$1,650,000

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
$717/sqft
Listed 1 month 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. 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.

Listing Status:: Active
Date Added:: November 11, 2025 at 06:00AM
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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Location

Schools Nearby

Benjamin Beswick Elementary School

1362 Mitchell Ave, Tustin, CA, 92780

Grades KG-5

0.36 miles away

Tustin Connect

1151 San Juan St, Tustin, CA, 92780

Grades KG-12

0.44 miles away

Tustin High School

1171 El Camino Real, Tustin, CA, 92780

Grades 9-12

0.25 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.