2677 Orange Avenue

    Costa Mesa, CA 92627
    • $3,775,000
    • STATUS: Active
    • ON SITE: 21 days
    • ID#: OC18259214
    UPDATED: 101 min ago
    $3,775,000
    • 0
      BEDS
    • 0.46
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,676
      SQFT
    • $492
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1977
    County:

    School Ratings & Info

    Description

    2677 Orange Avenue is located in the desirable Eastside Costa Mesa submarket and consists of large two and three bedroom townhouse floor-plans which average just under 1,100 sq. ft. The seven units at 2677 Orange Avenue were constructed in 1977. This property features an excellent unit mix of (6) two bedroom, 1.5 bathroom townhouses and (1) three bedroom, 1.5 bathroom townhouse. The front three bedroom unit has individual washer and dryer hookups and all units have separate hot water heaters and fireplaces. All units feature private yards with five units having very large yards. Each unit has ample linen storage in the upstairs landing. Renovated units feature wide plank-style flooring, upgraded interior doors, new cabinet faces and decorative hardware. It is rare to have the opportunity to acquire a building of this size featuring all large, townhome-style floor-plans where the current rents average $2200.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T00:33:29.53. 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/88881802

    2677 Orange Avenue Costa Mesa, CA 92627

    • Price: $3,775,000
    • Status: Active
    • Updated: 101 min ago
    • ID#: OC18259214
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.46
    Acres
    7,676
    SQFT
    $492
    $/SQFT
    1977
    Built
    Neighborhood:
    Eastside North (Encm)
    County:
    Orange
    Area:
    C5 - East Costa Mesa
    Property Description
    2677 Orange Avenue is located in the desirable Eastside Costa Mesa submarket and consists of large two and three bedroom townhouse floor-plans which average just under 1,100 sq. ft. The seven units at 2677 Orange Avenue were constructed in 1977. This property features an excellent unit mix of (6) two bedroom, 1.5 bathroom townhouses and (1) three bedroom, 1.5 bathroom townhouse. The front three bedroom unit has individual washer and dryer hookups and all units have separate hot water heaters and fireplaces. All units feature private yards with five units having very large yards. Each unit has ample linen storage in the upstairs landing. Renovated units feature wide plank-style flooring, upgraded interior doors, new cabinet faces and decorative hardware. It is rare to have the opportunity to acquire a building of this size featuring all large, townhome-style floor-plans where the current rents average $2200.
    Exterior Features

    Garage Spaces 7.00 Lot Features Level With StreetLot 20000-39999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 18.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Appliances Garbage DisposalGas OvenGas RangeGas StoveGas Water HeaterWater Heater Unit 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 2+ Common Walls Cooling None Cooling YN No Fireplace Features Living Room Fireplace YN Yes Heating Central FurnaceForced Air Heating YN Yes Laundry Features CommunityWasher Hookup Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.00 Community Features Suburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 220200.00 Gross Scheduled Income 220200.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 151139.00 New Construction YN No New Taxes Expense 39744.00 Number Of Separate Electric Meters 7 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 1 Operating Expense 61693.00 Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Eastside North (Encm) Tenant Pays ElectricityGas Total Expenses 61693.00 Trash Expense 0.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance 8808 Vacancy Allowance Rate 4.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Steven Brombal of Kidder Mathews Of California.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-17T00:33:29.53. 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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