
North Tustin, California 92705
This property presents a High-Potential Investment Opportunity with a List Price of $2,695,000—positioned well above the $2,519,955 Fair Market Value by -6%. While currently priced as a premium, the 4 Condition Rating and "blank slate" status allow for significant value-add through modernization. Featuring a nearly half-acre flat lot, pool and spa, and a versatile five-bedroom layout, this home is perfectly suited for Buy-and-Hold Investors or Owner-Occupants seeking a customizable estate in a top-tier Tustin Unified school district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1321 El Finito Way Subject 5 bd · 5 ba · 3,623 sqft · $652 | $2,399,000* List Price | 5 | 5 | 3,623 | $652 | - |
A 12011 Theta Sold 5 bd · 4 ba · 3,137 sqft · $858 · 0.7 mi | $2,690,000 | 5 | 4 | 3,137 | $858 | 0.7 mi |
B 1532 Foothill Boulevard Sold 3 bd · 3 ba · 2,771 sqft · $673 · 0.4 mi | $1,865,000 | 3 | 3 | 2,771 | $673 | 0.4 mi |
C 1542 La Loma Sold 3 bd · 5 ba · 4,600 sqft · $674 · 0.3 mi | $3,100,000 | 3 | 5 | 4,600 | $674 | 0.3 mi |
D 12261 Browning Avenue Sold 5 bd · 5 ba · 4,993 sqft · $573 · 0.8 mi | $2,860,000 | 5 | 5 | 4,993 | $573 | 0.8 mi |
E 1632 Se Skyline Drive Active Under Contract 5 bd · 6 ba · 4,809 sqft · $561 · 0.5 mi | $2,699,000 List Price | 5 | 6 | 4,809 | $561 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1963, the property is described as a 'blank slate,' indicating original or significantly dated kitchen and bath fixtures. While it features a brand new AC unit and recent cosmetic updates like fresh paint and new carpet, the core systems and wet areas likely exceed 30 years in age and require modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 21400, living area = 3623.
The nearly half-acre flat lot on a quiet cul-de-sac is a rare find in North Tustin, providing ample space for outdoor entertaining, the existing pool, and potential RV access.
With 3,623 square feet of living space featuring dual primary suites and a flexible five-bedroom floor plan, this home is perfectly configured for extended families or guest privacy.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
Marketed as a 'blank slate,' the property likely requires substantial interior modernization beyond the fresh paint and carpet to meet contemporary luxury standards.
Unlike many premium properties in the North Tustin hills, this residence lacks a significant view, which may affect its competitive appeal at this price point.
A rare opportunity to create something truly special on nearly a flat half acre lot set on a quiet North Tustin cul-de-sac! This single-story ranch-style pool home with a brand new AC, features dual primary suites and 3,623 square feet of living space. It's versatile layout and spacious yard makes this home well suited for multigenerational living, extended-stay guests, or anyone seeking additional privacy and flexibility. Ideally located within walking distance of Red Hill Elementary, Hewes Middle School, and Foothill High School, the property offers welcoming frontage, mature trees, an attached three-car garage, and a generous side yard with potential for RV access. This home is a blank slate just waiting for it's next owner. Imagine the possibilities from the moment you step in. The entry opens to a spacious living and dining room featuring a fireplace and large picture windows overlooking the front yard. The eat-in kitchen flows into an impressive great room with soaring vaulted ceilings and walls of glass that fill the space with natural light while showcasing views of the pool and backyard. The flexible floor plan includes four bedrooms plus a dedicated office just off the entry. Two primary suites and a third bedroom with walk in closet are privately situated within the bedroom wing, while an additional en suite bedroom is off the kitchen. With multiple living spaces, a versatile layout, and a hard-to-find flat lot in a sought-after location, 1321 El Finito Way presents an exceptional opportunity to enjoy the best of North Tustin living. Added bonus - the back gate to Redhill Elementary is just a short walk down the street for easy drop offs and pickups! Now with fresh paint and new carpet, this home is ready for it's next chapter.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.4 |
| Baths | 5.0 | 3.2 |
| Square foot | 3,623 | 2,850.771 |
| Lot Size | 21,400 | 17,262.375 |
| Price | $2.40M | $2.17M |
| Price per sq ft | $662 | $754 |
| Built year | 1963 | 1965 |
| HOA | $0 | $387 |
| Days on market | 16 | 52 |
Oct 22, 2026
$2,399,000
$2,695,000
-11% Price Drop
Initial Listing
Oct 9, 2026
$2,695,000
Initial Listing