Rare Opportunity to Own a Multi-Unit Investment Property in the Highly Desirable Neighborhood of EastSide Costa Mesa. This Tri-Plex Features Three Units Each Consisting of: Two Bedrooms, One and Half Bathrooms, and Approximately 1,380 Square Feet. Each Floor Plan Features a Large Family Room With a Fireplace That Opens To The Dining Area and Kitchen. All Units Include Large Bedrooms, Plenty of Storage, and Interior Washer/Dryer Hook Ups. End Units, A and C, Include Direct Access To Their Single Car Garage and Feature Private Side Yards. The Interior Unit B, Includes a Detached One Car Garage and Boasts a Fantastic Patio Area Perfect For Entertaining. The Lot Affords Four Additional Exterior Parking Spots. Current Rental Rates Are Well Below Market Value. Conservative Pro Forma Rents Are $2,100 Plus Allowing An Investor To Further Improve Revenue and Value. This Tri-Plex Is a Short Walk To The Hiking and Biking Trails In Newport’s Back Bay, a Short Drive To The Hub of 17th Street Featuring World Class Restaurants and Entertainment, and Centrally Located With Quick Access To The 55, 405, and 5 Freeways. Just Minutes From The Coast Line, South Coast Plaza, Triangle Square, and Fashion Island. Do Not Miss This Great Opportunity To Own a Multi-Unit Investment Property in the Most Prestigious Rental Market in the City!
Based on information from California Regional Multiple Listing Service, Inc. as of June 25th, 2019 at 5:27am 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: John Katnik(01881694) of Katnik Brothers R.E. Services