1056 Walter Ave Tustin, CA 92780
Estimated payment $9,179/month
Highlights
- Very Popular Property
- Updated Kitchen
- Corner Lot
- New Construction
- Open Floorplan
- Quartz Countertops
About This Home
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.
Listing Agent
Real Broker Brokerage Phone: 714-823-1972 License #02178756 Listed on: 11/11/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,779
Year Built
- Built in 2025 | New Construction
Lot Details
- 7,314 Sq Ft Lot
- Corner Lot
Parking
- 3 Car Direct Access Garage
- 4 Open Parking Spaces
- Parking Available
- Driveway
Home Design
- Entry on the 1st floor
- Shingle Roof
Interior Spaces
- 2,300 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Recessed Lighting
- Family Room Off Kitchen
- Living Room
- Dining Room
- Vinyl Flooring
- Neighborhood Views
Kitchen
- Updated Kitchen
- Open to Family Room
- Eat-In Kitchen
- Gas Range
- Range Hood
- Dishwasher
- Quartz Countertops
Bedrooms and Bathrooms
- 6 Main Level Bedrooms
- Walk-In Closet
- Remodeled Bathroom
- 4 Full Bathrooms
- Quartz Bathroom Countertops
- Bathtub with Shower
- Exhaust Fan In Bathroom
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Additional Features
- Accessible Parking
- Central Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 8
- Tax Tract Number 1863
- Assessor Parcel Number 43207207
- $500 per year additional tax assessments
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,779 | $910,000 | $829,490 | $80,510 |
| 2024 | $5,779 | $500,288 | $405,997 | $94,291 |
| 2023 | $5,634 | $490,479 | $398,036 | $92,443 |
| 2022 | $5,545 | $480,862 | $390,231 | $90,631 |
| 2021 | $5,434 | $471,434 | $382,580 | $88,854 |
| 2020 | $5,405 | $466,601 | $378,658 | $87,943 |
| 2019 | $5,274 | $457,452 | $371,233 | $86,219 |
| 2018 | $5,188 | $448,483 | $363,954 | $84,529 |
| 2017 | $5,097 | $439,690 | $356,818 | $82,872 |
| 2016 | $5,006 | $431,069 | $349,821 | $81,248 |
| 2015 | $5,070 | $424,594 | $344,566 | $80,028 |
| 2014 | $4,841 | $407,000 | $332,486 | $74,514 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/11/2025 11/11/25 | For Sale | $1,650,000 | 0.0% | $717 / Sq Ft | |
| 03/06/2025 03/06/25 | Rented | $3,890 | 0.0% | -- | |
| 02/19/2025 02/19/25 | Price Changed | $3,890 | -2.5% | $3 / Sq Ft | |
| 02/17/2025 02/17/25 | For Rent | $3,990 | 0.0% | -- | |
| 09/18/2024 09/18/24 | Sold | $910,000 | 0.0% | $637 / Sq Ft | View Prior Sale |
| 09/10/2024 09/10/24 | Pending | -- | -- | -- | |
| 09/10/2024 09/10/24 | Off Market | $910,000 | -- | -- | |
| 09/06/2024 09/06/24 | For Sale | $899,999 | -- | $630 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | -- | Provident Title Company | |
| Grant Deed | $910,000 | First American Title | |
| Grant Deed | $388,500 | Lsi Title | |
| Trustee Deed | $500,000 | Orange Coast Title Company | |
| Interfamily Deed Transfer | -- | Ticor Title Company | |
| Grant Deed | $625,000 | Ticor Title Company | |
| Grant Deed | $297,000 | California Counties Title Co | |
| Grant Deed | -- | Orange Coast Title | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,109,000 | Construction | |
| Previous Owner | $1,073,500 | New Conventional | |
| Previous Owner | $238,500 | Purchase Money Mortgage | |
| Previous Owner | $500,000 | Purchase Money Mortgage | |
| Previous Owner | $267,300 | No Value Available | |
| Previous Owner | $158,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25249946
APN: 432-072-07
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including 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
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