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$ 1,575,000
Est. payment | /mo
6 Beds
4 Baths
6,534 Sqft Lot
$ 1,575,000
Est. payment | /mo
6 Beds
4 Baths
6,534 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID NP26216295
Bedrooms 6
Lot Size 6,534 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Fully occupied triplex in central Costa Mesa offering in-place income with roughly 18% rental upside. The property consists of two 2-bed/1-bath units and one 2-bed/1.5-bath two-story townhouse, totaling approx. 2,785 SF on a 6,500 SF lot. Current rents are below market, giving an investor a clear path to increase income as units turn. No utility bill-back program is currently in place, providing an immediate opportunity to implement RUBS. Low operating expenses help preserve cash flow as rents move to market. Garage parking on site. Ideally located near Baker St. retail, TeWinkle Park, South Coast Plaza, Orange Coast College, and quick access to the 405 and 55 freeways.
Location
State CA
County Orange
Zoning Public Rec
Direction Corner of Harbor Blvd. & Baker St.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 14119105
Listed by Ryan Anderson, DRE#01939764 R L M Equities
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