2639-49 Orange Avenue, Costa Mesa, CA, 92647 United States

6 Units on the East side of Costa Mesa –

  • Sold
  • Other · 6 Units
  • Sold

2639-49 Orange Avenue Costa Mesa, CA, 92647 United States Get directions

$1,265,000 $233/Sq. ft.
2 Beds 5,427 Sq. ft. 20,130 Sq. ft. Lot
  • Listed 13 Years 9 Months 29 Days Ago

Features

Interior Features

  • 6 Units on the East side of Costa Mesa – consisting of 1 detached two bedroom cottage, 2 – two bedroom cottages sharing one common wall and 3 attached two bedroom townhomes. Each have their own garage, 3 of the unit, have medium to private yards and with the others having each a patio. With nearly ½ acre of land this opportunity is a classic ‘Value Add’ apartment complex. While there is deferred maintenance the capital spent to upgrade and rehabilitate the property will lead to higher income. Rent surveys indicate it is likely that the scheduled rental income could increase as much as 15% to 20% over its current level.

Taxes & Fees

  • Condo Fees : Not Available
  • Taxes: Not Available
  • Monthly Rent: $7,945