$1,250,000
$1,250,000
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6,098 Sqft Lot
SOLD DATE : 12/09/2021
Key Details
Sold Price $1,250,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Costa Mesa Residential Income (Cmri)
MLS Listing ID NP21229076
Sold Date 12/09/21
HOA Y/N No
Year Built 1962
Lot Size 6,098 Sqft
Property Description
Amazing opportunity to own 3 units in an absolute prime location of Costa Mesa! Just 100 yards from Paularino elementary school, 3/4 mile from South Coast Plaza, 2 miles from John Wayne airport and close to Orange Coast College, the 405 / 73 / and 55 freeways as well as the beach. The spacious 3166 sq ft property consists of a front single story 2 bedroom/ 1 bath unit and two - 2 bedroom / 1.5 bath two story townhouse style units each with its own patio, garag, extra parking space and each unit has its own interior laundry. The current rents are $2,275, $1,925 and $1,800 for a total gross income of $72,000 annual with room for upside in rents. Expenses are actual. Property is fully occupied so please drive by only, do not walk the property or contact any tenants. Interior inspection with accepted offer. There is another similar triplex at 3041 Fillmore owned by same owner so possible 6 units. Well priced but warrants some improvement!
Location
State CA
County Orange
Area C3 - South Coast Metro
Interior
Fireplace No
Laundry Inside
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Curbs, Sidewalks
Total Parking Spaces 6
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 14114302
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Sammer Mudawar • The Brokeredge
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "