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$1,625,000
1056 Walter Avenue, Tustin, CA 92780
6Beds
4Baths
2,300Sq Ft
7Parking
2025Built
176Days Listed
About This Property
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. 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.
Property Location
Map
Property Details
- Property Type
- Detached
- Bedrooms
- 6
- Bathrooms
- 4
- Building Area
- 2,300 Sqft
- Living Area
- 2,300 sqft
- Year Built
- 2025
- Stories
- 1.0
- Status
- Active
- Days on Market
- 176
- Cumulative Days on Market
- 170
- Original Price
- $1,650,000
- MLS Number
- OC25249946
Location & Neighborhood
What's nearby 1056 Walter Avenue, Tustin, CA 92780
Nearby Schools
- Adventures in Learning Preschool0.2 mi
elementary
- Tustin Pre-school0.2 mi
elementary
- Benjamin F Beswick Elementary School0.3 mi
elementary
Parks & Recreation
- Frontier Park0.3 mi
park
Transit Access
- Newport-Mitchell0.1 mi
Bus Stop
- El Camino Real-Orange0.2 mi
Bus Stop
- Newport-El Camino Real0.2 mi
Bus Stop
- Newport-Sixth0.3 mi
Bus Stop
- Newport-Walnut0.3 mi
Bus Stop
Local Amenities
Dining
- Donut King Bakery0.1 mi
- Pho Hung Voung0.1 mi
Coffee & Cafes
- Leaf n Cream0.1 mi
- HN Tea0.2 mi
Grocery
- O.C. Kosher Market0.2 mi
POI data updated 3/31/2026
Price History
$1,625,000
Apr 2, 2026
↓ $25,000
-1.5%
Original List Price
$1,650,000
Tustin Market Snapshot
108
Active Listings
$1178K
Median Price
50
Avg Days on Market
Last updated: Apr 29, 2026
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Listed by
Nhi Phan, Real Broker · 714-823-1972 · MLS# OC25249946
Based on information from California Regional Multiple Listing Service, Inc. as of the date of this data. 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.
$1,625,000