1548 N Elm Avenue, Costa Mesa, CA 92626
- $1,475,000
- List Price
- $1,475,000
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- OC25144160
- Year Built
- 1960
- Lot Size
- 7,151
- Acres
- 0.16
- Lot Location
- Lawn, Near Public Transit, Rectangular Lot, Sprinkler System, Street Level, Yard
- Days on Market
- 16
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
- Neighborhood
- Other
Property Description
PRICED TO SELL!!! Sellers have already secured their up-leg 1031 Exchange property. This property is in an excellent rent area near Mesa Verde in Costa Mesa. Excellent unit mix with a single story 2br-1ba plus den converted to a 3rd bedroom, living room fireplace, large yard and no one above. These tenants will be moving out shortly after close of escrow. So, you will be able to then rent it out at market rent. There is also (2) 2br-1.5ba townhouse units with large patios and large living rooms as well as large bedrooms. All units have a 1 car private enclosed garage and each unit has it's own washer and dryer hookup inside the each unit. The entire roof has been recently replaced with all new plywood and asphalt shingles at the cost of approx, $35,000. the building has all newer windows and sliding doors as well. This is an excellent long term apartment property investment in an excellent area of Costa Mesa. Hurry on this one!!!
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Additional Information
- Appliances
- Disposal, Gas Oven, Gas Range
- Pool Description
- None
- Fireplace Description
- Living Room
- Heat
- Wall Furnace
- Roof
- Composition, Shingle
- Garage Spaces Total
- 3
- Sewer
- Sewer Tap Paid
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $64,140
- Operating Expense
- 22252
Listing courtesy of Listing Agent: Bob Walz (bob@bobwalz.com) from Listing Office: New Dimension Investment Prop.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.