$1,649,000
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300 Santa Isabel AVE Costa Mesa, CA 92627
7,840 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Other (Othr)
MLS Listing ID PW19060304
Year Built 1974
Annual Tax Amount $7,366
Lot Size 7,840 Sqft
Property Description
Rare Opportunity to Own a Multi-Unit Investment Property in the Highly Desirable Neighborhood of EastSide Costa Mesa. This Tri-Plex Features Three Units Each Consisting of: Two Bedrooms, One and Half Bathrooms, and Approximately 1,380 Square Feet. Each Floor Plan Features a Large Family Room With a Fireplace That Opens To The Dining Area and Kitchen. All Units Include Large Bedrooms, Plenty of Storage, and Interior Washer/Dryer Hook Ups. End Units, A and C, Include Direct Access To Their Single Car Garage and Feature Private Side Yards. The Interior Unit B, Includes a Detached One Car Garage and Boasts a Fantastic Patio Area Perfect For Entertaining. The Lot Affords Four Additional Exterior Parking Spots. Current Rental Rates Are Well Below Market Value. Conservative Pro Forma Rents Are $2,100 Plus Allowing An Investor To Further Improve Revenue and Value. This Tri-Plex Is a Short Walk To The Hiking and Biking Trails In Newport’s Back Bay, a Short Drive To The Hub of 17th Street Featuring World Class Restaurants and Entertainment, and Centrally Located With Quick Access To The 55, 405, and 5 Freeways. Just Minutes From The Coast Line, South Coast Plaza, Triangle Square, and Fashion Island. Do Not Miss This Great Opportunity To Own a Multi-Unit Investment Property in the Most Prestigious Rental Market in the City!
Location
State CA
County Orange
Area C5 - East Costa Mesa
Rooms
Ensuite Laundry Common Area, Washer Hookup, Gas Dryer Hookup, Inside, In Kitchen
Interior
Laundry Location Common Area,Washer Hookup,Gas Dryer Hookup,Inside,In Kitchen
Flooring Carpet, Laminate
Fireplaces Type Family Room
Laundry Common Area, Washer Hookup, Gas Dryer Hookup, Inside, In Kitchen
Exterior
Garage Concrete, Direct Access, Garage, Private, One Space
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Curbs, Sidewalks
View Y/N No
View None
Building
Lot Description Landscaped, Yard
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Bought with Linda Setian • Linda Setian, Broker