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$ 3,490,000
Est. payment /mo
New
131 E 21st Street Costa Mesa, CA 92627
6 Beds
4 Baths
0.36 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Eastside Central (Eccm)
MLS Listing ID OC26116869
Bedrooms 6
Lot Size 0.361 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Rare opportunity to acquire a pride-of-ownership 5-unit investment property in the highly sought-after Eastside Costa Mesa rental market, offered for sale for the first time in approximately 27 years. Situated on an expansive approximately 15,746 square foot lot, the property features an attractive cottage-style layout with exceptional tenant appeal in one of Orange Countys most desirable coastal submarkets. The front of the property consists of a charming freestanding 2-bedroom, 1-bath house featuring a large enclosed front yard with a white picket fence, along with a private enclosed rear yard. The rear of the property is comprised of two additional residential buildings featuring two 1-bedroom units and two 2-bedroom units. Each residence offers its own private enclosed yard, patio, or outdoor space, creating a highly desirable residential feel for tenants. Additional amenities include six enclosed garages, 5 with automatic openers, one of which is currently rented separately for additional income of $250 per month. In-unit washer and dryer hookups. Off-street parking for approximately eight vehicles is a huge tenant appeal. The property is separately metered for gas and electricity with no house gas or electric meters, helping minimize owner utility expenses. Each unit also has its own individual water heater, with residents paying for their own gas usage. The operating expenses listed only consist of water, trash, current property taxes, current insurance, gardening, and property management. The property benefits from a stable long-term tenant base and a desirable East
Location
State CA
County Orange
Zoning Public Rec
Direction Newport Blvd and 21st St
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 42618213
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Scott Gerard, DRE#01004111 Gerard Properties Inc.
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