428 W 1st Street, Tustin, California 92780, Tustin, 92780 - 2 bed, 3 bath
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Tustin, California 92780
This End-Unit Condominium represents a High-Potential Investment Opportunity with a List Price of $775,000—positioned well below the $807,732 Fair Market Value by 4%. This valuation gap provides $32,732 in Instant Equity. Maintained in Move-In Ready Condition, the home features a unique 170 sq. ft. flex space, dual primary suites, and hillside views near Old Town Tustin. Located within the Tustin Unified School District, it offers significant lifestyle appeal and long-term stability. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 428 W 1st Street Subject | $775,000* List Price | 2 | 3 | 1,451 | $557 | - |
A 426 W 1st Sold | $680,000 | 2 | 3 | 1,451 | $469 | 0.0 mi |
B 16873 Donwest Sold | $610,000 | 2 | 2 | 910 | $670 | 0.4 mi |
C 479 E 1st Sold | $660,000 | 2 | 2 | 1,104 | $598 | 0.5 mi |
D 1006 Overton Court Sold | $930,000 | 3 | 3 | 1,434 | $649 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained. It features several key updates including modern wood-look laminate flooring, fresh interior paint, and updated stainless steel kitchen appliances. While some elements like the tile countertops and cabinetry reflect an older style consistent with its 1980 build date, the overall condition is clean with no immediate renovations required.
The property features a unique 170 sq. ft. storage/flex space attached to the oversized garage, providing rare additional square footage for a home gym, workshop, or studio.
As an end-unit, this residence offers enhanced natural light and superior privacy compared to interior units, complemented by peaceful hillside and greenbelt views.
The functional layout includes two spacious upstairs bedrooms, each equipped with its own ensuite bathroom, making it ideal for roommates, guests, or multi-generational living.
Built in 1980, the property may require further capital investment for modernizing systems or cosmetic finishes to compete with newer developments in the area.
The monthly association fee of $390 adds a significant fixed expense to the buyer's budget, which may impact overall affordability for some purchasers.
IMAGINE having 1,451 sq. ft. of living space PLUS a huge 170 sq ft storage/flex space all bundled as an END-UNIT with an oversized attached 2-car garage that's just a short walk to Old Town Tustin, parks, and dining. This spacious 2 bedroom, 2.5 bath residence offers peaceful hillside, greenbelt, and pool views, plus an open living area with a brick fireplace, balcony, and bright kitchen with breakfast bar. Upstairs features dual master suites, each with its own ensuite bath. The primary includes vaulted ceilings, a private balcony, dual closets, and an updated bath with dual sinks and walk-in shower. The secondary suite has a walk-in closet and its own private bath. A major highlight is the oversized attached two-car garage with a huge approx. 170 sq. ft. storage/flex space, ideal for a home gym, studio, workshop, or organized storage. Additional features include indoor laundry and abundant natural light throughout. Tustin Commons offers a pool, spa, BBQ area, and lush landscaped grounds, all tucked in a quiet, private setting close to Pine Tree Park, dining, shops, and major freeways.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 64% |
| Square foot | 1,451 | 1,082.5 | 77% |
| Lot Size | - | 42,081.5 | 23% |
| Price | $775.0K | $605.0K | 86% |
| Price per sq ft | $534 | $552 | 50% |
| Built year | 1980 | 1968 | 77% |
| HOA | $390.0 | $376 | 55% |
| Days on market | 35 | 131 | 5% |
Mar 18, 2026
$775,000
Initial Listing