Priced attractively below market value due to the currently low rents, this outstanding income property provides upside to the new owner to achieve an approximate 40% increase in Gross Scheduled Income and approximate 4% CAP rate. Take advantage of this unique opportunity to own a unicorn among the neighboring properties in the desirable Mesa Verde area of Costa Mesa. This 3-unit property consists of a 4-bedroom, 2-bathroom custom detached home with fireplace (1,663 sq ft) built for the owners in 1996, plus a duplex includes comprised of a generously sized 3-bedroom, 2-bathroom unit with fireplace, as well as a comfortable 2-bedroom, 1.5-bathroom unit. The expansive 12,500 sq ft lot allows for each unit to feature a private patio and/or yard, enhancing the living experience for tenants. Additionally, the property provides 3 garage spaces and 6 private parking stalls. For added convenience, laundry hookups are available in each unit, offering a competitive edge in the rental market. The owner has recently renovated the interiors of all 3 units and installed brand new garage doors. Great for an Owner User or 1031 Exchange Buyer, this investment property is not to be overlooked. Schedule your viewing today.
|
DAYS ON MARKET
|
43
|
LAST UPDATED
|
6/17/2023
|
|
YEAR BUILT
|
1970
|
COMMUNITY
|
Mesa Verde
|
|
GARAGE SPACES
|
3.0
|
COUNTY
|
Orange
|
|
STATUS
|
Sold
|
PROPERTY TYPE(S)
|
Residential Income
|
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Convection Oven, Dishwasher, Disposal, Electric Range, Gas Oven, Gas Range, Range Hood |
| AREA |
Mesa Verde |
| CONSTRUCTION |
Drywall, Stucco |
| FIREPLACE |
Yes |
| GARAGE |
Door-Multi, Door-Single, Driveway, Garage, Garage Door Opener, Garage Faces Front, Off Street, Paved, Side by Side, Uncovered, Yes |
| HEAT |
Forced Air |
| HOA DUES |
0 |
| INTERIOR |
Balcony, Bedroom on Main Level, Ceiling Fan(s), Jack and Jill Bath, Living Room Deck Attached, Main Level Master, Stone Counters, Storage, Wet Bar |
| LOT |
0.29 acre(s) |
| LOT DESCRIPTION |
Back Yard, Cul-De-Sac, Front Yard, Landscaped, Lawn, Near Park, Near Public Transit, Yard |
| MASTER ON MAIN |
Yes |
| PARKING |
Door-Multi,Door-Single,Driveway,Garage Faces Front,Garage,Garage Door Opener,Off Street,Paved,Side By Side,Uncovered |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| STYLE |
Spanish |
| UTILITIES |
Cable Connected,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected |
| VIEW DESCRIPTION |
None |
| WATER |
Public |
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Listed with The Oppenheim Group
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 9/23/23 7:42 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2023.
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