We are pleased to present 221 1/2 - 233 Avocado Street, a 15 units + 2 Non-conforming unit multifamily community located in Costa Mesa, CA. The asset is built in 1954 and 1986 and situated on two separate parcels totaling 1.14 acres. The property features an excellent unit mix of Four – 2 bed / 2.5 bath townhomes built in 1986 with washer/dryer hookups, two-car garages, and private back patios, Ten - 2 bed / 1 bath single story detached cottages with washer/dryer hookups and one Single family home house split into One – 1 bed / 1 bath and two studios (non-conforming). There is significant income upside of approximately +/- 34%, providing investors an opportunity to increase the yield of a high quality asset located in on of the top rental markets of southern California.
|DAYS ON MARKET||34||LAST UPDATED||7/6/2022|
|TRACT||College Park (COLP)||YEAR BUILT||1959|
|COMMUNITY||Central Costa Mesa||GARAGE SPACES||22.0|
|PROPERTY TYPE(S)||Residential Income|
|AREA||Central Costa Mesa|
|LOT DESCRIPTION||Lot Over 40000 Sqft|
|SUBDIVISION||College Park (COLP)|
TOTAL MONTHLY PAYMENT
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Based on information from California Regional Multiple Listing Service, Inc. as of 8/9/22 5:56 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
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