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Millman Team Real Estate

$1,595,000
6 Bed
4 Bath
2,300 Sqft
0.17 Acre Lot

1056 Walter Avenue, Tustin, California 92780

  • Residential Property Type
  • 2,300 Sqft Square Footage
  • Driveway Cars Garage
  • 2025 Year Built
Property Description

CORNER LOT WITH 2-UNITS ON ONE LOT for $797, 500 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.

Basic Details
Residential
For Sale
OC25249946
$1,595,000
Neighborhood
6
4
2,300 Sqft
2025
0.17 Acre
Active
4
1
Single Family Residence
: Shingle
Features
: None
: Central
: Central Air
: None
: Driveway, Garage, Direct Access
: Vinyl
: All Bedrooms Down, Walk-In Closet(s), Separate/Formal Dining Room, Open Floorplan, Recessed Lighting, Eat-in Kitchen, Quartz Counters
: Washer Hookup, Gas Dryer Hookup
: Public Sewer
$0
Appliances
: Dishwasher, Gas Range, Range Hood
Address Map
CA
Orange
Tustin
Other
92780
Walter
1056
Avenue
W118° 10' 37.2''
N33° 44' 8.9''
Newport Ave & Walnut Ave
71 - Tustin
Neighborhood
Tustin Unified
Additional Information
$0
$0
$0
$0
$0
: Parking
1
: Sidewalks
1
3.0
: One
: Corner Lot
2
2025-11-11
1625000
1
1
: Public
Broker/Agent Information
Real Broker
Nhi Phan
Listing Information
OCPHANNHIT
H07357
Cash, Cash to New Loan, Conventional, 1031 Exchange, FHA
Active
2026-07-22T23:48:26Z
CRMLS
: Standard
2025-12-06T00:02:06Z
Agent info
Ray Millman
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