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$1,650,000

  • For Sale
  • Active
  • Single Family
  • 6 Beds
  • 4 Full Baths
  • 2,300 Sq. Ft.
  • 3 Car Garage
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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.

Full Property Details for 1056 Walter Ave

General

  • Price: $1,650,000
  • Status: Active
  • Type: Single Family
  • Source: MRMLS
  • MLS ID: OC25249946
  • Updated: 12/6/2025
  • Days on Market: 60 days
  • Added to Site: 66 day(s) ago

Interior

  • Rooms/Areas: All Bedrooms Down, Kitchen, Laundry, Living Room, Primary Bedroom, Walk-In Closet
  • Interior Features: Open Floorplan, Quartz Counters, Recessed Lighting
  • Fireplace(s): None
  • Eating Areas: Dining Room, In Kitchen
  • Appliances: Dishwasher, Gas Range, Range Hood
  • Flooring: Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 6

Other Rooms

  • Laundry: Gas Dryer Hookup, Washer Hookup

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Garage: Yes
  • Garage Spaces: 3
  • Parking: Garage (Direct Access), Driveway, Garage

Location

  • County: Orange
  • Subdivision: Other (OTHR)
  • Driving Directions: Newport Ave & Walnut Ave

School Information

  • School District: Tustin Unified

Community

  • Community Features: Sidewalks

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Structure Type: Single Family Residence
  • Roof: Shingle
  • Common Walls: No Common Walls
  • Disability Access: Parking
  • Entry Location: Front Door
  • Stories/Levels: One
  • Stories Description: One
  • Square Feet: 2,300
  • Year Built: 2025
  • Year Built Source: Builder

Lot Features

  • Property View: Neighborhood
  • Lot Size (Acres): 0.1679
  • Lot Size (Sq. Ft.): 7,314
  • Lot Size Source: Assessor
  • Lot Description: Corner Lot, Lot 6500-9999

Financial Considerations

  • Price Per Sq. Ft.: $717.39

Disclosures and Reports

  • Special Conditions: Standard

Listed by Real Broker, Nhi Phan

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Listing agent

— 1056 Walter Ave —

  • Nhi Phan

    Real Broker

714-823-1972

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1056 Walter Ave

School District:Tustin Unified School District
NameGradesDistance
C. E. Utt Middle School
13601 Browning Avenue, Tustin, CA 92780
6-81 mi
Tustin High School
1171 El Camino Real, Tustin, CA 92780
9-120.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1056 Walter Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/11/2025
Listed
$1,650,000
81.32%
MLS
8/23/2024
Sold
$910,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1056 Walter Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,439
81%
$910,000
82%
2024
$5,779
3%
$500,288
2%
2023
$5,634
2%
$490,479
2%
2022
$5,545
2%
$480,862
2%
2021
$5,434
1%
$471,434
1%
2020
$5,405
2%
$466,601
2%
2019
$5,274
2%
$457,452
2%
2018
$5,188
2%
$448,483
2%
2017
$5,097
2%
$439,690
2%
2016
$5,006
-1%
$431,069
2%
2015
$5,070
5%
$424,594
4%
2014
$4,841
10%
$407,000
13%
2013
$4,409
—
$361,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Real Broker, Nhi Phan

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1056 Walter Avenue, Tustin, CA 92780 (MLS# OC25249946) is a Single Family property with 6 bedrooms and 4 full bathrooms. 1056 Walter Avenue is currently listed for $1,650,000 and was received on November 11, 2025. Want to learn more about 1056 Walter Avenue? Do you have questions about finding other Single Family real estate for sale in Tustin Ranch? You can browse all Tustin Ranch real estate or contact a Coldwell Banker agent to request more information.

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