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1056 Walter Ave1 / 39 · Click to zoom

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.

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Public-record history for this property.

🌊 Flood zoneX / Low/Medium Risk
🏷 Last sold$910,000 · Aug 2024
📋 Assessed value$910,000
💵 Annual tax$10,439
🏫 School districtTustin Unified School District

MLS #25249946MR

🔥 Risk & insurability

🔥 Fire hazard zoneNot in a State-designated fire hazard zone
🌊 FEMA flood zoneZone X — minimal/moderate flood risk

FEMA National Flood Hazard Layer · CAL FIRE 2024 FHSZ

🧮 Affordability calculator

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Down payment %
Interest rate %
Loan term (yrs)
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Estimated total monthly payment
$9,992
Principal & interest$8,065
Property tax$1,462
Home insurance$465
Down payment: $319,000Loan: $1,276,000

Estimates only — not a loan offer. Actual rates, taxes, and insurance vary. Talk with your agent and a lender for exact figures.