$1,710,000
$1,799,000
4.9%For more information regarding the value of a property, please contact us for a free consultation.
0.27 Acres Lot
SOLD DATE : 10/08/2021
Key Details
Sold Price $1,710,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Subdivision Other (Othr)
MLS Listing ID OC21133132
Sold Date 10/08/21
Construction Status Additions/Alterations,Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 1956
Lot Size 0.270 Acres
Property Description
West Side Costa Mesa investment or redevelopment opportunity - 2 upgraded and updated single family detached homes on one lot. Both units are approximately 1750 sq. ft., both have 4 beds 3 full baths on an R2 medium density 11,700 sq. ft. lot. Front unit has been repainted, newer stainless steel appliances with granite counters in kitchen, baths are good condition with tiled and wood flooring, dual paned windows, and a 3 car attached garage. Rear unit was completely updated and upgraded with new laminate wood floors, all new remodeled bathrooms, new neutral paint, dual paned windows, and 3 reserved parking spaces. Long driveway for plenty of parking. Upgraded 100 Amp electric meter, copper plumbing in both homes. 2 separate addresses & all separate utility meters including 2 water meters. Great location & close to beach/ocean, Costa Mesa Country Club, medical facilities, schools, local eateries, and parks. Easy access to 55, 73, & 405 freeways. Zoned R2 Medium Density with potential to build 3rd unit or redevelopment, please check with City of Costa mesa. Current tenant is on a month to month paying $8800 per month for both homes, current cap rate is 4.67%
Location
State CA
County Orange
Area C2 - Southwest Costa Mesa
Zoning R2
Interior
Interior Features Ceiling Fan(s), Granite Counters, Open Floorplan, Stone Counters, Recessed Lighting, All Bedrooms Down, Bedroom on Main Level, Main Level Master, Multiple Master Suites
Heating Central, Forced Air, Natural Gas, Wall Furnace
Cooling None
Flooring Laminate, Tile, Wood
Fireplace No
Appliance Dishwasher, Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater
Laundry Inside, In Garage, In Kitchen
Exterior
Parking Features Assigned, Asphalt, Shared Driveway, Uncovered
Garage Spaces 3.0
Garage Description 3.0
Fence Wood
Pool None
Community Features Curbs, Golf, Storm Drain(s), Street Lights, Suburban, Sidewalks
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
View Y/N Yes
View Mountain(s), Neighborhood
Total Parking Spaces 6
Private Pool No
Building
Lot Description Back Yard, Street Level, Yard
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Architectural Style Ranch
Level or Stories One
New Construction No
Construction Status Additions/Alterations,Updated/Remodeled,Turnkey
Others
Senior Community No
Tax ID 42217504
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 Tim Brooks • Tim Brooks, Broker