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.
New construction
Listing Provided by:
Nhi Phan DRE #02178756 714-823-1972,
Real Broker
$1,650,000
1056 Walter Ave, Tustin, CA 92780
6beds
2,300sqft
Est.:
Single Family Residence
Built in 2025
7,314 Square Feet Lot
$1,627,200 Zestimate®
$717/sqft
$-- HOA
What's special
Fully remodeled homeModern cabinetryCorner lotQuartz countertopsHigh-end appliancesRecessed lightingVinyl flooring
- 25 days |
- 1,488 |
- 51 |
Zillow last checked: 8 hours ago
Listing updated: December 06, 2025 at 12:14am
Listing Provided by:
Nhi Phan DRE #02178756 714-823-1972,
Real Broker
Source: CRMLS,MLS#: OC25249946
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSTour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 4
- Main level bedrooms: 6
Rooms
- Room types: Bedroom, Kitchen, Laundry, Living Room, Primary Bedroom, Other, Dining Room
Bedroom
- Features: All Bedrooms Down
Bathroom
- Features: Bathroom Exhaust Fan, Quartz Counters, Remodeled, Tub Shower
Kitchen
- Features: Kitchen/Family Room Combo, Quartz Counters, Remodeled, Updated Kitchen
Other
- Features: Walk-In Closet(s)
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Gas Range, Range Hood
- Laundry: Washer Hookup, Gas Dryer Hookup
Features
- Separate/Formal Dining Room, Eat-in Kitchen, Open Floorplan, Quartz Counters, Recessed Lighting, All Bedrooms Down, Walk-In Closet(s)
- Flooring: Vinyl
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 2,300 sqft
Property
Parking
- Total spaces: 7
- Parking features: Direct Access, Driveway, Garage
- Attached garage spaces: 3
- Uncovered spaces: 4
Accessibility
- Accessibility features: Parking
Features
- Levels: One
- Stories: 1
- Entry location: Front Door
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 7,314 Square Feet
- Features: Corner Lot
Details
- Parcel number: 43207207
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Shingle
Condition
- New construction: Yes
- Year built: 2025
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Sidewalks
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
- Subdivision: Other
Location
- Region: Tustin
Financial & listing details
- Price per square foot: $717/sqft
- Tax assessed value: $910,000
- Date on market: 11/11/2025
- Cumulative days on market: 25 days
- Listing terms: Cash,Cash to New Loan,Conventional,1031 Exchange,FHA
- Exclusions: Tenant's Belongings
Estimated market value
$1,627,200
$1.55M - $1.71M
$4,280/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/12/2025 | Listed for sale | $1,650,000+81.3%$717/sqft |
Source:  CRMLS #OC25249946 Report a problem | ||
| 3/6/2025 | Listing removed | $3,890$2/sqft |
Source: CRMLS #OC25035435 Report a problem | ||
| 3/5/2025 | Listed for rent | $3,890$2/sqft |
Source: CRMLS #OC25035435 Report a problem | ||
| 3/5/2025 | Listing removed | $3,890$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/20/2025 | Price change | $3,890-4.9%$2/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $910,000 +81.9% |
| 2024 | $5,778 +2.5% | $500,288 +2% |
| 2023 | $5,634 +1.6% | $490,479 +2% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$10,235/mo
Principal & interest
$8186
Property taxes
$1471
Home insurance
$578
Climate risks
Neighborhood: 92780
Nearby schools
GreatSchools rating
- 6/10Benjamin F. Beswick Elementary SchoolGrades: K-5Distance: 0.4 mi
- 7/10C. E. Utt Middle SchoolGrades: 6-8Distance: 1.1 mi
- 7/10Tustin High SchoolGrades: 9-12Distance: 0.3 mi
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