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1056 Walter Avenue
Tustin CA 92780 US

$1,650,000

Active Listing ID OC25249946
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6 bed
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4.00 Bath (4 Full)
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Lot: 7,314.00 Square Feet
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Single Family Residence

$1,650,000

Active Listing ID OC25249946
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1056 Walter Avenue 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.

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Property Features

  • Facts
  • Lot Size: 7,314.00 Square Feet
  • Property Type: Residential
  • Property Sub-type: Single Family Residence
  • Features
  • Full Bathrooms: 4
  • Cooling System: Central Air
  • Exterior Finish: Community Features Included: Sidewalks, Corner Lot, Lot 6500-9999
  • Floor Covering: Vinyl
  • Roof Type: Shingle
  • Heating Fuels: Central

Property

  • propertytype: Residential
  • propertysubtype: Single Family Residence
  • listprice: 1650000
  • unparsedaddress: 1056 Walter Avenue
  • postalcity: Tustin
  • stateorprovince: CA
  • country: US
  • postalcode: 92780
  • bathroomsfull: 4
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.167906336088154
  • lotsizeunits: Square Feet
  • lotsizearea: 7314
  • livingarea: 2300
  • livingareaunits: Square Feet
  • listagentfullname: Nhi Phan
  • listagentemail: Nhiprealty@gmail.com
  • listagentkey: 3yd-MRMLSCA-OCPHANNHIT
  • listagentmlsid: OCPHANNHIT
  • listagentpreferredphone: 7148231972
  • listagentofficephone: 6192486434
  • listofficekey: 3yd-MRMLSCA-H07357
  • listagentstatelicense: 02178756
  • listofficemlsid: H07357
  • disclaimer: Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 2025
  • listingcontractdate: 2025-11-11
  • listagenturl: http://sandiegohomesurfing.com
  • countyorparish: Orange
  • parcelnumber: 43207207
  • elementaryschooldistrict: Tustin Unified
  • middleorjuniorschooldistrict: Tustin Unified
  • highschooldistrict: Tustin Unified
  • appliances: Dishwasher, Range, Range - Gas, Washer
  • cooling: Central Air
  • flooring: Vinyl
  • heating: Central
  • numberofunitstotal: 2
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 7
  • parkingfeatures: Driveway, Garage
  • roof: Shingle
  • waterfrontyn: False
  • interiorfeatures: Open Floorplan, Quartz Counters, Recessed Lighting, Parking
  • exteriorfeatures: Community Features Included: Sidewalks, Corner Lot, Lot 6500-9999
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Laundry, Living Room
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Smart Real Estate Solutions", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"Nhiprealty@gmail.com", "ListBrokerageCity":"San Diego", "ListBrokerageCountry":"US", "ListBrokerageEmail":"jason@sandiegohomesurfing.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Smart Real Estate Solutions", "ListBrokeragePhone":"(619) 663-8680", "ListBrokeragePostalCode":"92101", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":"# 207", "ListBrokerageUnparsedAddress":"2121 5th Ave.", "ListBrokerageWebsiteUrl":"http://sandiegohomesurfing.com", "ListOfficeAddress1":"1420 Kettner Blvd. #100-300", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"PT820241", "ListOfficeCity":"San Diego", "ListOfficeCountry":"US", "ListOfficeEmail":"cabroker@therealbrokerage.com", "ListOfficePostalCode":"92101", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Single Family Residence - Tustin, CA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1056-Walter-Ave_Tustin_CA_92780_M29276-90692?f=listhub&s=MRMLSCA&m=OC25249946&c=rexren", "MLSModificationTimestamp":"2025-12-06T00:02:06Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Single Family Residence", "RawPropertyType":"Residential", "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 1/1/2026 12:55:01 AM GMT
Source Updated Date: 1/12/2026 6:48:09 PM GMT

Courtesy of: Nhi Phan, Real Broker, Nhiprealty@gmail.com

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.