PRICE $1,800,000 dsIDX morgage calculator
BEDS n/a
BATHS 0
HOME SIZE 2,227 sqft
LOT SIZE 9,218 sqft

Exceptional Investment Opportunity – Two detached homes on a large 9,218-square-foot parcel! Located in the rapidly appreciating West Side Costa Mesa area, this property is ideal for investors, developers, or homeowners seeking rental income. The prime property presents a promising opportunity for investors to increase income by adjusting the existing below-market lease rates to market value.The recently renovated front home has 3 bedrooms and 1 full bathroom, featuring a spacious, gated front yard. The open floor plan offers vaulted ceilings, wood flooring, and a brick fireplace, with abundant natural light streaming through skylights and windows. An independent, gated rear yard attached to this house provides the perfect space for private relaxation or entertaining. The front home is currently vacant and available for lease, with high interest already expressed by potential tenants. It is actively listed for lease at $3,900 per month.The rear detached home, with its own private, gated backyard, includes 4 bedrooms and 2 bathrooms. The open living room and kitchen create a seamless flow, leading to an expansive outdoor area shaded by mature trees for added privacy and tranquility. The current long-term tenant in the rear is on a month-to-month lease at $3,600 per month, while similar neighboring rentals are achieving up to $4,200 per month, highlighting potential for increased rental income. Each home has a separate laundry area, a one-car garage, and ample off-street parking.Conveniently situated near the vibrant 17th Street scene and the iconic beaches of Newport Beach, this duplex offers an outstanding opportunity for income generation and capital growth in a highly sought-after location. Zoned for multifamily development, this property presents prime development potential. Don’t miss out on this incredible opportunity!

DAYS ON MARKET 38 LAST UPDATED 11/8/2024
TRACT Westside Costa Mesa South (WSCM) YEAR BUILT 1961
COMMUNITY Southwest Costa Mesa GARAGE SPACES 2.0
COUNTY Orange STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR None
APPLIANCES Built-In Range, Disposal, Gas Cooktop, Gas Oven, Gas Range, Water Heater
AREA Southwest Costa Mesa
FIREPLACE Yes
GARAGE Assigned, Yes
HEAT Forced Air, Wall Furnace
HOA DUES 0
INTERIOR All Bedrooms Down, Beamed Ceilings, Bedroom on Main Level, Cathedral Ceiling(s), Ceramic Counters, Open Floorplan, Tile Counters, Unfurnished, Walk-In Closet(s)
LOT 9218 sq ft
LOT DESCRIPTION 2-5 Units/Acre, Back Yard, Front Yard, Landscaped, Lawn, Level, Near Public Transit, Paved, Rectangular Lot, Trees, Yard
LOT DIMENSIONS 71 x 130
PARKING Assigned
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 1
STYLE Ranch
SUBDIVISION Westside Costa Mesa South (WSCM)
UTILITIES Cable Connected,Electricity Connected,Natural Gas Connected,Phone Available,Phone Connected,Sewer Connected,Water Connected,Overhead Utilities
VIEW DESCRIPTION None
WATER Public
ZONING R2
MORTGAGE CALCULATOR
   

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Listed with Arbor Real Estate

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