$1,595,000
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125 E Bay ST Costa Mesa, CA 92627
6,098 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Other (Othr)
MLS Listing ID NP19066132
Year Built 1963
Lot Size 6,098 Sqft
Property Description
The E. Bay fourplexes consist of three adjacent 4 unit investment properties all with separate APNs. The addresses are 117, 121, and 125 E. Bay Street and are situated in one of the most desirable rental markets, “Eastside Costa Mesa”. Each building features four 2 bedroom / 1 bathroom units which are all separately metered for gas/electricity, and are approximately 787 square feet in size. Tenants benefit from on-site laundry, covered garages, close proximity to freeways, beaches, and all the shopping and entertainment 17th street has to offer. This is an amazing opportunity for the savvy investor to acquire three side by side multi-family apartment buildings that are fully leased and offers the opportunity to increase rents and improve on the current cap rate. 121 and 125 E. Bay must be sold together. Don’t miss out on this opportunity.
Location
State CA
County Orange
Area C5 - East Costa Mesa
Rooms
Ensuite Laundry Common Area, Laundry Room
Interior
Laundry Location Common Area,Laundry Room
Laundry Common Area, Laundry Room
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Storm Drain(s), Street Lights, Sidewalks
Building
Lot Description Sprinkler System
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
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Bought with Elizabeth Thamer • Villa Real Estate