1056 Walter Avenue
Tustin, CA 92780
6
Bed
4
Bath
2,300Sqft
7,314Sqft(Lot)
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 ut
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 6Bathroom Information
Total Baths: 4 Full Baths: 4Roofing Information
ShingleFlooring Information
Vinyl -
Interior Features
SeparateFormalDiningRoom, EatInKitchen, OpenFloorplan, QuartzCounters, RecessedLighting, AllBedroomsDown, WalkInClosetsRoof: ShingleAppliances: Dishwasher, GasRange, RangeHoodLaundry Features: WasherHookup, GasDryerHookup -
Heating & Cooling
Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir
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Building Information
Year Built: 2025Stories: 1Pool Features: NonePrivate Pool: NoView: Neighborhood
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Lot Information
Main Square Feet: 7314 Lot Size Acres: 0.1679 Lot Size Source: Assessor Lot Size Square Feet: 7,314 Lot Description: CornerLotProperty Information
Subdivision: Other Source Property Type: Residential Property SubType: Single Family Residence Levels: One Property Age: 1
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Listing Price Information
Listing Price: $1595000Original Price: $1650000Cash, CashToNewLoan, Conventional, Exchange1031, FHA
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Tax Information
Parcel Number: 43207207 Tax Lot: 8
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Virtual Tour
Parking Information
Parking Total: 7 DirectAccess, Driveway, GarageGarage Information
Has Garage: Yes Has Attached Garage: Yes Garage Space: 3
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Location Information
Direction: Newport Ave & Walnut Ave WaterSource: Public Security Features: CarbonMonoxideDetectors,SmokeDetectors
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| Pinewood Road, Tustin, CA, 92780 | $1,049,000 | 3 | 2 | 1,624 | 1,624 SqFt |
| 1151 E 1st, Tustin, CA, 92780 | $665,000 | 3 | 2 | 1,303 | 1,303 SqFt |
| 1111 E 1st, Tustin, CA, 92780 | $670,000 | 3 | 2 | 1,303 | 1,303 SqFt |
| 123 Madrid, Tustin, CA, 92780 | $274,000 | 3 | 2 | 1,325 | 1,325 SqFt |
| 61 Malaga, Tustin, CA, 92780 | $330,000 | 3 | 2 | 1,511 | 1,511 SqFt |
| 14272 Shadybrook, Tustin, CA, 92780 | $1,368,000 | 4 | 2 | 1,760 | 1,760 SqFt |
| 13662 Loretta, Tustin, CA, 92780 | $1,575,000 | 5 | 3 | 2,472 | 2,472 SqFt |
| 13831 Loretta, Tustin, CA, 92780 | $1,499,000 | 4 | 2 | 1,656 | 1,656 SqFt |
| 17552 Laurie Lane, Tustin, CA, 92780 | $1,795,000 | 5 | 3 | 2,584 | 2,584 SqFt |
| 133 Jessup, Tustin, CA, 92780 | $1,549,000 | 3 | 3 | 1,890 | 1,890 SqFt |
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ByOwner last updated this listing 07/25/2026 @ 01:49
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