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HomeSmart Evergreen Realty
1383 Baker, Costa Mesa, CA 92626
- $1,550,000
List Agent Ryan Anderson () R L M Equities; CoList ()
- List Price
- $1,550,000
- Price Change
- ▼ $25,000 1793398140
- Status
- ACTIVE
- MLS#
- NP26216295
- Year Built
- 1960
- Lot Size
- 6,534
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 34
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- One Level, Two Levels
Property Description
Fully occupied triplex in central Costa Mesa offering in-place income with roughly 18% rental upside. The property consists of two 2-bed/1-bath units and one 2-bed/1.5-bath two-story townhouse, totaling approx. 2,785 SF on a 6,500 SF lot. Current rents are below market, giving an investor a clear path to increase income as units turn. No utility bill-back program is currently in place, providing an immediate opportunity to implement RUBS. Low operating expenses help preserve cash flow as rents move to market. Garage parking on site. Ideally located near Baker St. retail, TeWinkle Park, South Coast Plaza, Orange Coast College, and quick access to the 405 and 55 freeways.
Additional Information
- Taxes
- $16,558
- Pool Description
- None
- View
- None
- Garage Spaces Total
- 3
- Sewer
- Public Sewer
- Water
- Public
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Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.