Great investment opportunity for this 4-unit apartment building exceptionally located on a quiet corner in a desirable West Costa Mesa neighborhood with historically low vacancy rates. The building consists of one 3 bed, 2.5 bath unit, one 2 bed, 1.5 bath unit , one 1 bed, 1 bath unit, and one studio. The units are spacious with functional floor plans and feature a large outdoor landscaped entertainment area for residence enjoyment. Roof was replaced and new windows installed approximately 3 years ago. Units have separate gas and electric meters and the water heater was replaced in January of this year. Additionally, there are 6 garages coupled with storage and washer, dryer facilities for use by the tenants. This building is located in an excellent rental location with long term month-to-month tenants allowing an investor the opportunity to increase rents per current guidelines. Located off of Baker Street and situated near South Coast Plaza, Orange Coast College, multiple retail shopping center destinations, and with close proximity to 73, 405 and 55 freeways. This property is centrally located offering easy access to many amenities.
Based on information from California Regional Multiple Listing Service, Inc. as of June 6th, 2020 at 1:08pm 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: Amy Baumgartner(01293160) of Compass