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Tustin, CA

$1,595,000

1056 Walter Avenue, Tustin, CA
6
Beds
4
Baths
2,300
Sq Ft
2025
Built
248
Days listed

About this home

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.

Facts & features

Interior
Bedrooms
6
Bathrooms
4 full
Living area
2,300 sq ft
Interior features
Separate Formal Dining Room, Eat In Kitchen, Open Floorplan, Quartz Counters, Recessed Lighting, All Bedrooms Down, Walk In Closets
Appliances
Dishwasher, Gas Range, Range Hood
Flooring
Vinyl
Fireplace
None
Heating
Central
Cooling
Central Air
Laundry
Washer Hookup, Gas Dryer Hookup
Levels
One
Spa
None
Exterior & lot
Lot size
0.168 acres (7,314 sq ft)
Pool
None
View
Neighborhood
Year built
2025
New construction
Yes
Parking
Direct Access, Driveway, Garage
Parking spaces
7
Community
Area
71 - Tustin
County
Orange
Community features
Sidewalks
Listing details
Status
Active
Property type
Single Family Residence
Days on market
248
Listed
2025-11-07
Original price
$1,650,000
Terms
Cash, Cash To New Loan, Conventional, Exchange 1031, FHA
Parcel #
43207207
MLS #
OC25249946
Listed by
Nhi Phan · Real Broker

Location

Price history

Listed
$1,650,000 · 2025-11-07
Price reduced
$1,595,000 (−$55,000)
Days on market
248
Current price
$1,595,000
Financing

Could this home be yours?

Estimated monthly payment
$10,006
$8,065 principal & interest · $1,941 taxes & insurance
$319,000
Estimate only
Loan $1,276,000

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What's your home worth?

Estimated value range nearby
$1,691,914$1,986,160

A rough estimate from current nearby price-per-square-foot — not an appraisal. A precise valuation considers condition, upgrades and recent sales.

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Listing data provided by CRMLS

Listing courtesy of Real Broker. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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