Costa Mesa, CA 92627,300 Santa Isabel AVE

$1,649,000

Est. payment /mo
Est.Price: ?

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300 Santa Isabel AVE Costa Mesa, CA 92627

7,840 Sqft Lot

SOLD DATE : 07/05/2019

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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California Regional MLS (CRMLS)
Listed by John Katnik • Katnik Brothers R.E. Services
Bought with Linda Setian • Linda Setian, Broker

Scott Goshorn

Director- Luxury Estates | License ID: 01964409

+1(323) 251-5479

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