Priced attractively below market value due to the currently low rents, this outstanding income property provides upside to the new owner to achieve an approximate 40% increase in Gross Scheduled Income and approximate 4% CAP rate. Take advantage of this unique opportunity to own a unicorn among the neighboring properties in the desirable Mesa Verde area of Costa Mesa. This 3-unit property consists of a 4-bedroom, 2-bathroom custom detached home with fireplace (1,663 sq ft) built for the owners in 1996, plus a duplex includes comprised of a generously sized 3-bedroom, 2-bathroom unit with fireplace, as well as a comfortable 2-bedroom, 1.5-bathroom unit. The expansive 12,500 sq ft lot allows for each unit to feature a private patio and/or yard, enhancing the living experience for tenants. Additionally, the property provides 3 garage spaces and 6 private parking stalls. For added convenience, laundry hookups are available in each unit, offering a competitive edge in the rental market. The owner has recently renovated the interiors of all 3 units and installed brand new garage doors. Great for an Owner User or 1031 Exchange Buyer, this investment property is not to be overlooked. Schedule your viewing today.
Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Door-Multi, Door-Single, Driveway, Garage Faces Front, Garage, Garage Door Opener, Off Street, Paved, Side By Side, Uncovered
Door-Multi, Door-Single, Driveway, Garage Faces Front, Garage, Garage Door Opener, Off Street, Paved, Side By Side, Uncovered
Wet Bar, Balcony, Ceiling Fan(s), Living Room Deck Attached, Stone Counters, Storage, Bedroom on Main Level, Jack and Jill Bath, Main Level Primary
Convection Oven, Dishwasher, Electric Range, Disposal, Gas Oven, Gas Range, Range Hood
Back Yard, Cul-De-Sac, Front Yard, Lawn, Landscaped, Near Park, Near Public Transit, Yard
You are viewing the for at 3133 Coral Avenue with the MLS® NP23074389 on Previewochomes.com. This at 3133 Coral Avenue, . 92626 is currently for featuring and listed for sale at $1,999,000. This for at 3133 Coral Avenue with the MLS® # NP23074389 has been listed since 2023-03-31.
Please contact us for additional information and assistance.
| Date | Details | Change |
|---|---|---|
| Status Changed from Pending to Closed | – | |
| Status Changed from Active to Pending | – |
Based on information from California Regional Multiple Listing Service, Inc. as of April 29th, 2024 at 5:50am 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: Bronwyn Jones of The Oppenheim Group
