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116 E 21st Street, Costa Mesa, CA

$3,250,000 - $3.3M Price - 7,280 Sqft - 76 DOM

Pride of ownership, 8 Units, located in highly desired East Costa Mesa, one of Orange County's premier rental markets bordering the affluent city of Newport Beach. From this location tenants enjoy convenient access to world class beaches, the Newport Back Bay Trails, a plethora of hip dining establishments and South Coast Plaza, the nation's largest shopping center on the West Coast. The East 21st Street Apartment Homes have been immaculately maintained by the current ownership with several interior and exterior renovations completed. Improvements include dual pane windows, kitchens, cabinets, granite counters, stand-up showers, remote access iron gates, concrete stairs, new asphalt sealcoat, modern exterior paint scheme and much more. A collection of eight spacious 2 bedroom units with an average size of roughly 910 square feet each. The size of the units and the location, have made these units easy to rent, attracted longer-term tenants and has produced solid income. Current rents average $1,692 and market rents are roughly $1,975 for similar rentals. An excellent investment property for an astute investor with roughly 15% of upside in rental income.

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Essential Information

For 116 E 21st Street, Costa Mesa, CA
  • MLS® # NP18267583
  • Sold Price $3,175,000
  • Bathrooms 0.00
  • Square Footage 7,280
  • Acres 0.32
  • Year Built 1963
  • Type Residential Income
  • Status Closed
  • Date Closed 2019-03-01

Community Information

For 116 E 21st Street, Costa Mesa, CA
  • Address 116 E 21st Street
  • Area East Costa Mesa (C5)
  • Subdivision Other (OTHR)
  • City Costa Mesa
  • County Orange
  • State CA
  • Zip Code 92627

Amenities

For 116 E 21st Street, Costa Mesa, CA
  • Parking Spaces 19

Interior

For 116 E 21st Street, Costa Mesa, CA
  • # of Stories 2
  • Stories Two

Exterior

For 116 E 21st Street, Costa Mesa, CA
  • Lot Description Lot 10000-19999 Sqft

Additional Information

For 116 E 21st Street, Costa Mesa, CA
  • Date Listed November 6th, 2018
  • Days on Market 76
  • Zoning R2

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116 E 21st Street Costa Mesa MLS® #NP18267583

You are viewing the for at 116 E 21st Street with the MLS® NP18267583 on Previewochomes.com. This at 116 E 21st Street, CA . 92627 is located in the Other (OTHR) subdivision and is currently for featuring 7280 sq.ft. of living space, and listed for sale at $3,250,000. This for at 116 E 21st Street with the MLS® # NP18267583 has been listed since 2018-11-06.

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Price Change History for 116 E 21st Street, Costa Mesa, CA (MLS® #NP18267583)

Date Details Change
Status Changed from Active to Closed
Status Changed from Active Under Contract to Pending
Status Changed from Active to Active Under Contract

Based on information from California Regional Multiple Listing Service, Inc. as of October 19th, 2019 at 2:16am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Property Listed By: Ignacio Diaz Jr.(01379930) of Investment Capital Real Estate