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Nicole Hazelton-Meacham

[email protected] +1(619) 206-1892

$1,999,900

Est. payment - /mo

9 Beds

4 Baths

6,970 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID V1-38449

Bedrooms 9

Lot Size 6,970 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Excellent opportunity to acquire a well-located four-unit investment property in the heart of Costa Mesa, offering an attractive combination of strong in-place rental income and meaningful future upside. With rents currently below projected market levels, the property provides an investor with the opportunity to increase income over time while benefiting from four established rental income streams. The desirable unit mix consists of one three-bedroom residence and three two-bedroom residences, providing larger and more versatile floor plans than many typical apartment investments. This mix appeals to a broad tenant base, including professionals, couples, families and those seeking additional space for a home office. Tenants pay their own gas and electricity, helping reduce the owner's exposure to rising utility costs. The property's central Costa Mesa location is a significant advantage. Residents enjoy convenient access to South Coast Plaza, South Coast Metro, Orange Coast College and John Wayne Airport, along with the employment, shopping, dining and entertainment opportunities found throughout Costa Mesa and neighboring Irvine. Newport Beach and Huntington Beach are also just minutes away, providing easy access to some of Orange County's most desirable coastal communities. Excellent freeway accessibility via the 405, 55 and 73 makes the property convenient for tenants working throughout Orange County. Costa Mesa's combination of employment, entertainment, shopping, education and proximity to the coast continues to make it a highly desirable rental market. For an investor

Location

State CA

County Orange

Zoning Assessor

Direction From 405-South on HarborRight on PonderosaRight on Hickory Place

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 13929618

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Keith Geller, DRE#00919059 Realty Network

Nearby School & Business

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Nicole Hazelton-Meacham

+1(619) 206-1892

Broker Associate License ID: 01819363

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2859 Hickory Place Costa Mesa, CA 92626

Nicole Hazelton-Meacham

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information