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|
|STATUS||Sold||PROPERTY TYPE(S)||Residential Income|
|APPLIANCES||Convection Oven, Dishwasher, Disposal, Electric Range, Gas Oven, Gas Range, Range Hood|
|GARAGE||Door-Multi, Door-Single, Driveway, Garage, Garage Door Opener, Garage Faces Front, Off Street, Paved, Side by Side, Uncovered, Yes|
|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 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|
|UTILITIES||Cable Connected,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected|
TOTAL MONTHLY PAYMENT
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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
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