Millman Team Real Estate

$1,625,000
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 $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.

Basic Details
Residential
For Sale
OC25249946
$1,625,000
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
1650000
1
1
: Public
Broker/Agent Information
Real Broker
Nhi Phan
Listing Information
OCPHANNHIT
H07357
Cash,Cash to New Loan,Conventional,1031 Exchange,FHA
Active
2026-04-02T00:01:28Z
CRMLS
: Standard
2025-12-06T00:02:06Z
Agent info
Ray Millman
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent
Contact Us