Two rare tustin fourplexs on two separate huge lots, conventional conforming financing (2 separate loans) two separate properties being sold together; each property will qualify for it's own financing no commercial loan necessary!!! 164 preble drive (apn 401 591 14) and 172 preble drive (apn 401 591 15); approximately 23,387 square feet (over a half acre) according to county records. Close to police station, library, community center, old towne tustin, city cultural and administrative centers, food, stores, and restaurants; lots to explore and all within walking distance. Each property is comprised of 4 two bedroom one bath units (approximately 900 sqft each), 4 garage spaces, laundry room, and 6 open parking spaces (total of 8 units, 8 garage spaces, 2 laundry rooms, and 12 open parking spaces). Each unit has a large enclosed patio off the dining area and a wood burning fireplace. Upside in rents, current rents shown go into effect march 1, 2025. Laundry rooms are currently on month to month lease so new owner can negotiate a new contract with laundry company or put own machines in for even more income. Separately metered for electric, no gas, all units are 100% electric. Both buildings have been repiped with pex and have had the roof replaced in the last 10 years. Convenient location near the 5 and 55 freeways.