440 W Main Street, Tustin, California 92780, Tustin, 92780 - 0 bed, 0 bath
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Tustin, California 92780
Analysis of 440 W Main Street, Tustin, California 92780 is currently available with a list price of $2,900,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Tustin Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1976 (48+ years old) with no mention of interior renovations to the kitchen or baths. The listing focuses heavily on land value and the potential to 'redevelop,' suggesting the existing structure is dated and requires significant rehabilitation. While the sewer lateral was replaced in 2024, the overall age and marketing as a development opportunity align with the poor condition criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 28382, living area = 3432.
The property features two distinct parcels with approved entitlements for subdivision, offering buyers the rare ability to sell the front lot separately, redevelop the rear, or hold for long-term appreciation.
Situated on one of the three largest residential lots in the area, this property commands a premium due to its high walkability to local restaurants, retail, and the weekly farmers market.
While entitlements are approved at the city level, final county recordation is still required, placing the burden of final legal processing on the buyer.
The existing residence was built in 1976 and may require significant modernization or capital investment to meet the standards of a luxury buyer or to maximize market rent.
One of the three largest residential lots in Old Town Tustin is now available. The seller is open to selling the full property or the front lot (Parcel 1) separately, giving buyers flexibility on entry point and exit strategy. Parcel 1 is an unimproved lot with direct Main Street frontage and an existing water meter on site. Tentative Parcel Map 94-149 was approved at the Planning Commission level in 1994 and by City Council in 1995. County recordation is the remaining step. The entitlement work is done. Parcel 2 is the rear flag lot with the existing 3,432 SF residence, 4 bedrooms, 3.5 baths, pool, two fireplaces, and a 2-car garage. Hold it, rent it, or redevelop. ADU rights are confirmed on both parcels simultaneously: a converted ADU, a JADU up to 500 SF, and a detached ADU up to 800 SF. Sewer lateral replaced 2024. Variance in place for the existing front fence. Buyer to verify with the city. Old Town Tustin continues to attract significant buyer and developer interest. Walkable to restaurants, retail, and the weekly farmers market. This is a location that commands a premium and the lot size, entitlements, and flexibility to transact in pieces make this a rare find in a supply-constrained market.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 4.0 | 1% |
| Baths | 0.0 | 2.0 | 1% |
| Square foot | 3,432 | 1,829.5 | 99% |
| Lot Size | 28,382 | 7,449.5 | 97% |
| Price | $2.90M | $1.30M | 99% |
| Price per sq ft | $845 | $707 | 83% |
| Built year | 1976 | 1965 | 90% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 144 | 10% |
May 1, 2026
$2,900,000
Initial Listing