175 E 21st Street

    Costa Mesa, CA 92627
    • $3,975,000
    • STATUS: Active
    • ON SITE: 11 days
    • ID#: NP18285960
    UPDATED: 74 min ago
    $3,975,000
    • 0
      BEDS
    • 0.43
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,906
      SQFT
    • $576
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1976
    County:

    School Ratings & Info

    Description

    Exciting 6 unit investment opportunity in sought-after Eastside Costa Mesa. This updated and remodeled property offers exceptional curb appeal with modern finishes amongst the 6 apartment units, each featuring 3 bedrooms and 2 baths. Each unit is thoughtfully upgraded with quartz countertops, stainless steel appliances, wood-style flooring, plush carpet, and neutral paint tones. Rare and noteworthy features available in each apartment include fireplace, washer/dryer hook-ups, private patio or yard space, and 1-car direct access garage in addition to two assigned parking spaces per unit. This remarkable property is conveniently located a stone's throw from popular shopping and dining, Back Bay trails, the shores of Newport Beach, and is located within the Newport-Mesa School District.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-18T11:27:46.097. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/89901855

    175 E 21st Street Costa Mesa, CA 92627

    • Price: $3,975,000
    • Status: Active
    • Updated: 74 min ago
    • ID#: NP18285960
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.43
    Acres
    6,906
    SQFT
    $576
    $/SQFT
    1976
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    C5 - East Costa Mesa
    Property Description
    Exciting 6 unit investment opportunity in sought-after Eastside Costa Mesa. This updated and remodeled property offers exceptional curb appeal with modern finishes amongst the 6 apartment units, each featuring 3 bedrooms and 2 baths. Each unit is thoughtfully upgraded with quartz countertops, stainless steel appliances, wood-style flooring, plush carpet, and neutral paint tones. Rare and noteworthy features available in each apartment include fireplace, washer/dryer hook-ups, private patio or yard space, and 1-car direct access garage in addition to two assigned parking spaces per unit. This remarkable property is conveniently located a stone's throw from popular shopping and dining, Back Bay trails, the shores of Newport Beach, and is located within the Newport-Mesa School District.
    Exterior Features

    Garage Spaces 6.00 Lot Features LandscapedWalkstreet Lot Size Source Assessor Lot Size Units Square Feet Parking Total 18.00 Pool Features None Pool Private YN No Property Attached YN No View None View YN No

    Interior Features

    Appliances DishwasherGas RangeMicrowave Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features Living Room Fireplace YN Yes Flooring CarpetLaminate Heating Wall Heater Heating YN Yes Laundry Features In Garage Levels Two Room Type All Bedrooms UpKitchenLiving Room

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.00 Community Features SidewalksStorm DrainsStreet Lighting Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 2100.00 Gross Income 230000.00 Gross Scheduled Income 230000.00 Insurance Expense 3270.00 Land Lease YN No Laundry YN Yes Net Operating Income 161000.00 New Construction YN No New Taxes Expense 39750.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 6 Operating Expense 69000.00 Professional Management Expense 0.00 Property Condition Updated/Remodeled Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Other Total Expenses 69000.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Heather Kidder of Compass.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-18T11:27:46.097. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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