Coastal apartments have long been a favored choice among real estate investors due to their promising appreciation rates and strongrental income potential. In this regard, Costa Mesa has emerged as an increasingly attractive option, propelled by factors such asgentrification, substantial growth, the general appeal of renting among young professionals, and its proximity to the thriving real estatemarkets of Newport Beach and Huntington Beach.The subject property is less than a quarter mile to Eastside Costa Mesa, the bustling retail hub on 17th Street, and the 55 freeway.Additionally, the property is located approximately 1.25 miles from the Pacific Coast Highway (PCH). There are four large sized 1-bedroom 1-bath units in well-maintained condition. Among the appealing aspects of this property is its adjacency to a variety of retail establishments,including PetSmart, Trader Joe's, O'Reilly's Auto Parts, and Walgreens, thereby enriching the overall quality of life needed for its 1-bedoomrenting tenants.Considering its prime location, substantial rental growth potential, and the prospect of securing excellent tenants, this property stands as avaluable addition to an investor's expanding portfolio or as an ideal starting point for someone entering the real estate market.
|
DAYS ON MARKET
|
59
|
LAST UPDATED
|
4/3/2024
|
|
YEAR BUILT
|
1957
|
COMMUNITY
|
Not Defined
|
|
GARAGE SPACES
|
4.0
|
COUNTY
|
Orange
|
|
STATUS
|
Conditional
|
PROPERTY TYPE(S)
|
Residential Income
|
| AREA |
Not Defined |
| BUYER'S BROKERAGE COMPENSATION |
3.000 % |
| GARAGE |
Door-Single, Garage, Yes |
| LOT |
6023 sq ft |
| LOT DESCRIPTION |
2-5 Units/Acre, Back Yard, Front Yard |
| PARKING |
Door-Single,Garage |
| POOL DESCRIPTION |
None |
| SEWER |
None |
| STORIES |
2 |
| UTILITIES |
Sewer Not Available |
| WATER |
Public |
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Listed with Justin White
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 5/6/24 4:29 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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