Home | Orange County | Tustin | 92780 | 1056 Walter Ave
MLS: CROC25249946 | Status: Active | Price: $1,625,000
Beds/Baths: 6 / 4
Property Type: Residential
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| 6 | 4 | 2,300 | 7,314 | 2025 |
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.
| Field | Value |
|---|---|
| MLS # | CROC25249946 |
| MLS Source | California Regional MLS |
| Days on Site | 141 |
| Feature | Details |
|---|---|
| Bedrooms | Ground Floor Bedroom, Primary Suite/Retreat |
| Appliances | Dishwasher, Hood Over Range, Oven Range - Gas |
| Dining Room | Formal Dining Room, In Kitchen |
| Fireplace | None |
| Laundry | Hookup - Gas Dryer |
| Cooling | Central Forced Air |
| Heating | Central Forced Air |
| Feature | Details |
|---|---|
| Roof | Shingle |
| Pool | None |
| Feature | Details |
|---|---|
| Garage/Parking | Garage, Other, Garage: 3 Car(s) |
| Elementary District | Tustin Unified |
| High School District | Tustin Unified |
| HOA Fee | $0 |
Nhi Phan
Real Broker
License #: 02178756
Phone: (657) 233-5233
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 1681 Blueberry Way | $1,695,000 | 5 | 3 | 2,182 | Active |
| 13614 Dall Ln | $1,750,000 | 5 | 2/1 | 2,608 | Active |
| 13851 Gimbert | $1,585,000 | 3 | 2 | 1,841 | Active |
| 1701 Saybrook | $1,449,900 | 3 | 2 | 1,811 | Contingent |
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This listing information is up-to-date as of April 02, 2026. For the most current information, please contact Nhi Phan, (657) 233-5233.