$1,500,000
$1,595,000
6.0%For more information regarding the value of a property, please contact us for a free consultation.
6,098 Sqft Lot
SOLD DATE : 09/16/2019
Key Details
Sold Price $1,500,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Eastside Central (Eccm)
MLS Listing ID NP19065984
Sold Date 09/16/19
HOA Y/N No
Year Built 1964
Lot Size 6,098 Sqft
Acres 0.14
Property Description
The E. Bay fourplexes consist of three adjacent 4 unit investment properties all with separate APNs. The addresses are 117, 121, and 125 E. Bay Street and are situated in one of the most desirable rental markets, “Eastside Costa Mesa”. Each building features four 2 bedroom / 1 bathroom units which are all separately metered for gas/electricity, and are approximately 787 square feet in size. Tenants benefit from on-site laundry, covered garages, close proximity to freeways, beaches, and all the shopping and entertainment 17th street has to offer. This is an amazing opportunity for the savvy investor to acquire three side by side multi-family apartment buildings that are fully leased and offers the opportunity to increase rents and improve on the current cap rate. Don’t miss out on this opportunity.
Location
State CA
County Orange
Area C5 - East Costa Mesa
Rooms
Ensuite Laundry Common Area, Laundry Room, Outside
Interior
Laundry Location Common Area,Laundry Room,Outside
Fireplace No
Laundry Common Area, Laundry Room, Outside
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Storm Drain(s), Street Lights, Sidewalks
Utilities Available Overhead Utilities
Total Parking Spaces 8
Private Pool No
Building
Lot Description Sprinkler System
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 42618107
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Elizabeth Thamer • Villa Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "