1042 Walnut Street D, Tustin, California 92780, Tustin, 92780 - 2 bed, 3 bath
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Tustin, California 92780
This property presents a High-Potential Investment Opportunity with a List Price of $665,000—positioned well below the $671,203 Fair Market Value by 0.92%. This valuation gap offers $6,203 in Instant Equity. Featuring a Fair Condition Rating with original 1984 finishes, the home requires a full interior renovation to reach modern standards. The two-story end-unit layout with a fenced patio and attached two-car garage provides a solid foundation for Buy-and-Hold Investors or first-time buyers seeking to build value through strategic cosmetic upgrades.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1042 Walnut Street D Subject | $665,000* List Price | 2 | 3 | 1,132 | $593 | - |
A 1106 Mitchell Sold | $635,000 | 2 | 2 | 1,085 | $585 | 0.4 mi |
B 1204 E 1st Street Sold | $556,000 | 2 | 2 | 1,029 | $540 | 0.5 mi |
C 1881 Mitchell Avenue 124 Sold | $610,000 | 2 | 2 | 1,161 | $525 | 0.9 mi |
D 1722 Mitchell 152 Sold | $635,000 | 2 | 2 | 1,024 | $620 | 0.8 mi |
E 1193 E 1st Sold | $650,000 | 2 | 2 | 1,152 | $564 | 0.6 mi |
F 16862 Donwest Sold | $599,000 | 2 | 2 | 860 | $697 | 0.9 mi |
G 14802 Newport 20b Sold | $615,000 | 2 | 2 | 1,258 | $489 | 1.0 mi |
H 1881 Mitchell 18 Sold | $600,000 | 2 | 2 | 1,051 | $571 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1984 and over 40 years old, the property appears to be in mostly original condition. The bathrooms feature dated Hollywood-style lighting, original wood vanities showing significant wear, and cultured marble tops. Popcorn ceilings are present throughout, and the overall aesthetic indicates the home has not been renovated in over 30 years, requiring a full rehab to meet modern standards.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1508, other record lot size in square feet = 1218. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1132, other record living area = 1215. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
Great location off Newport Ave./San Juan, close to the 5, 55, Strip Mall and much more. Opportunity knocks with this two-story end-unit home with attached two car garage. This home features two primary suites, vaulted ceilings, fenced patio area and downstairs half bathroom. Conveniently located near shopping, restaurants, and freeways with high walk score! Assessor shows this property as an attached single-family home. Tenant's lease expires in August and is willing to renew the lease or move out.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,132 | 1,161 |
| Lot Size | 1,508 | 129,743 |
| Price | $665.0K | $755.3K |
| Price per sq ft | $587 | $634 |
| Built year | 1984 | 1979 |
| HOA | $400.0 | $378 |
| Days on market | 28 | 43 |
Jun 24, 2026
$665,000
Initial Listing
Jan 9, 2013
$335,000
Public Record
May 3, 2012
$219,000
Public Record
Jul 13, 2006
$460,000
Public Record
Feb 14, 2003
$270,000
Public Record