$1,625,000
$1,650,000
1.5%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 09/26/2016
Key Details
Sold Price $1,625,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision West Costa Mesa North (Wncm)
MLS Listing ID PW16084820
Sold Date 09/26/16
HOA Y/N No
Year Built 1956
Property Description
This unique Costa Mesa 4plex investment on a large 19,600+ sqft lot has been approved for 6 new homes.
The current unit mix is 3 units that are 2 bedroom/1 bath with a 1 car garage and a fully detached 3 bedroom/2 bath home with a 2 car garage. The units feature washer/dryer hookups and private yard space. Residents pay for gas and electric. Very rare for Costa Mesa, the units are separately submetered for water. There is also a storage area and 2 car garage that generates additional income. All units are occupied and there is upside in the income.
The site was recently approved for 6 new detached homes: 3 new homes with 2 bedrooms/2.5 baths and 3 new homes that are 3 bedrooms/2.5 baths and a unique 3 car garage configuration. There are other nearby new home communities. The site backs to Maple Crossing by Richmond American Homes and is a block or two from Current by Shea Homes. It’s close to the fine dining, shopping and eclectic entertainment that Costa Mesa offers.
Location
State CA
County Orange
Area C2 - Southwest Costa Mesa
Rooms
Ensuite Laundry Washer Hookup, Gas Dryer Hookup, Inside
Interior
Interior Features All Bedrooms Down
Laundry Location Washer Hookup,Gas Dryer Hookup,Inside
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup, Inside
Exterior
Garage Garage, Unassigned
Garage Spaces 7.0
Garage Description 7.0
Pool None
Community Features Suburban
Utilities Available Sewer Connected
View Y/N No
View None
Roof Type Composition
Parking Type Garage, Unassigned
Total Parking Spaces 15
Private Pool No
Building
Lot Description 11-15 Units/Acre
Story 1
Entry Level One
Foundation Slab
Water Public
Level or Stories One
Others
Senior Community No
Tax ID 42202132
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Andrea Routh • Realty One Group, Inc