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1056 Walter AvenueTustin, CA 92780

Single Family · 6 Beds · 4 Full Baths · 2,300 Sq. ft. | 0.17 Acres
$1,625,000 Active

1056 Walter Avenue Overview

Time on Site:
230 days
Visits:
0

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. 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.

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1056 Walter Avenue Facts & Features

  • Type Single Family
  • Sq. ft. 2,300
  • Price/Sq.ft. $707
  • Lot 0.17 Acres

Details

General

Association/HOA

  • Association: No
  • Common Interest: None

School Information

  • School District: Tustin Unified

Building Information

  • New Construction: Yes
  • Year Built: 2025

Location/Region

  • Country: US
  • County Or Parish: Orange
  • MLS Area Major: 71 - Tustin
  • Postal City: TUSTIN
  • Subdivision Name: Other

Community/Development

  • Community Features: Sidewalks

Rent/Lease Information

  • Land Lease: No
  • Lease Considered: No

General Information

  • Exclusions: Tenant's Belongings
  • Listing Terms: Cash,Cash to New Loan,Conventional,1031 Exchange,FHA
  • Parcel Number: 43207207
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage Spaces: 3.0
  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 4
  • Bathrooms Total: 4
  • Bedrooms Total: 6

General Information

  • Accessibility Features: Parking
  • Appliances: Dishwasher,Gas Range,Range Hood
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Entry Location: Front Door
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Vinyl
  • Interior Features: Separate/Formal Dining Room,Eat-in Kitchen,Open Floorplan,Quartz Counters,Recessed Lighting,All Bedrooms Down,Walk-In Closet(s)
  • Laundry Features: Washer Hookup,Gas Dryer Hookup
  • Levels: One
  • Living Area: 2300.0
  • Living Area Units: Square Feet
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 6
  • Security Features: Carbon Monoxide Detector(s),Smoke Detector(s)
  • Spa Features: None
  • Spa: No
  • Stories: 1
  • Stories Total: 1

Exterior

Parking Information

  • Open Parking Spaces: 4.0
  • Parking Features: Direct Access,Driveway,Garage
  • Parking Total: 7.0

Lot Information

  • Additional Parcels: No
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.1679
  • Lot Size Area: 7314.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 7314.0
  • Lot Size Units: Square Feet
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

    Building Exterior/Construction

    • Attached Garage: Yes
    • Property Attached: No
    • Roof: Shingle
    • Structure Type: House

    General Information

    • Number Of Units Total: 2
    • Pool Features: None
    • Pool Private: No
    • Sewer: Public Sewer

    1056 Walter Avenue Neighborhood

    Community

    92780 (Tustin) Demographics

    35
    Median Age
    8,387
    Population Density (per sq. mile)
    43%
    College Educated
    $75,626
    Estimated Median Income
    8,914
    Estimated Total Home Owners
    9,959
    Estimated Total Renters
    47% / 53%
    Estimated Owner / Renter Divide
    3
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    1056 Walter Avenue Monthly Cost

    $
    $ %
    %
    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    1056 Walter Avenue Market Data

    Based on the last 30 days in this zip code

    $1,025,311
    Average List Price
    $649
    Average Price per Square Foot
    25
    Properties Sold
    58
    Average Days on Market
    137
    Properties for Sale
    Calculations provided by Reliance Network

    1056 Walter Avenue History

    Date Event Value Agent
    4/1/2026Source: CRMLS Price Reduction
    $1,625,000 -1.5%
    11/11/2025Source: CRMLS Added to Database
    November 11, 2025
    3/6/2025Source: bridgeMLS Status Change
    Rented-Leased
    3/6/2025Source: CRMLS Status Change
    Closed
    2/19/2025Source: bridgeMLS Price Reduction
    $3,890 -2.5%
    2/19/2025Source: CRMLS Price Reduction
    $3,890 -2.5%
    2/17/2025Source: bridgeMLS Added to Database
    February 17, 2025
    2/17/2025Source: CRMLS Added to Database
    February 17, 2025
    9/18/2024Source: bridgeMLS Status Change
    Sold
    9/18/2024Source: CRMLS Status Change
    Closed
    9/12/2024Source: CRMLS Status Change
    Pending
    9/12/2024Source: bridgeMLS Status Change
    Pending
    9/10/2024Source: bridgeMLS Status Change
    Temporarily Withdrawn
    9/6/2024Source: CRMLS Added to Database
    September 06, 2024
    9/6/2024Source: bridgeMLS Added to Database
    September 06, 2024
    Listing provided courtesy of Real BrokerNhi Phan- MLS# OC25249946MLS ProviderContact Information: [email protected] - 619-248-6434