1056 Walter Avenue

Property Overview
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.
Home Details
- Property type
- Residential - SingleFamilyResidence
- Year built
- 2025
- Living area
- 2,300 sq ft
- Lot size
- 7,314 sq ft
- Parking
- 7 spaces
- Garage
- 3 spaces
- Stories
- 1.0
- Days on market
- 73
- MLS status
- Active
Features & Amenities
Interior
- Separate Formal Dining Room
- Eat In Kitchen
- Open Floorplan
- Quartz Counters
- Recessed Lighting
- All Bedrooms Down
- Walk In Closets
Appliances
- Dishwasher
- Gas Range
- Range Hood
Parking
- Direct Access
- Driveway
- Garage
Pool
- None
Lot
- Corner Lot
Security
- Carbon Monoxide Detectors
- Smoke Detectors
Community, Schools & Utilities
Community
- Subdivision
- Other
- View
- Yes
Utilities
- Heating
- Central
- Cooling
- CentralAir
- Water
- Public
- Sewer
- PublicSewer
Location & Neighborhood
Frequently Asked Questions
Homeowner resources
Certified San Diego home inspectors
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TestimonialsCrown Coastal Support Team
Direct support from our real estate team
“Reza was the best agent we have ever worked with.”— Russell & Susan McQueen
Listing Agent

