2885 Mendoza Drive

    Costa Mesa, CA 92626
    • $1,365,000
    • STATUS: Active
    • ON SITE: 13 days
    • ID#: OC18263402
    UPDATED: 85 min ago
    $1,365,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,086
      SQFT
    • $442
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    Pride of Ownership fourplex on a premium interior corner lot situated in a very high demand rental market close to South Coast Plaza, Metro Pointe, The Lab, 405, 55 & 73 Freeways, as well as, walking distance to Orange Coast College and Orange County Fairgrounds. All units offer 2 bedrooms and 1 bath with a single car garage plus an additional parking space. The units have been upgraded over the years and are well maintained. This property truly has amazing curb appeal! Very easy to rent (no rent control) combined with a potential for a large upside in rental income creates an incredible investment opportunity in a very special enclave of Costa Mesa.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T00:29:41.7. 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/89053034

    2885 Mendoza Drive Costa Mesa, CA 92626

    • Price: $1,365,000
    • Status: Active
    • Updated: 85 min ago
    • ID#: OC18263402
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    3,086
    SQFT
    $442
    $/SQFT
    1964
    Built
    Neighborhood:
    Mesa Del Mar (Mdma)
    County:
    Orange
    Area:
    C4 - Central Costa Mesa
    Property Description
    Pride of Ownership fourplex on a premium interior corner lot situated in a very high demand rental market close to South Coast Plaza, Metro Pointe, The Lab, 405, 55 & 73 Freeways, as well as, walking distance to Orange Coast College and Orange County Fairgrounds. All units offer 2 bedrooms and 1 bath with a single car garage plus an additional parking space. The units have been upgraded over the years and are well maintained. This property truly has amazing curb appeal! Very easy to rent (no rent control) combined with a potential for a large upside in rental income creates an incredible investment opportunity in a very special enclave of Costa Mesa.
    Exterior Features

    Garage Spaces 4.00 Lot Features Corner LotLot-Level/Flat Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 8.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Spa Features None Spa YN No View Neighborhood View YN Yes

    Interior Features

    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 Flooring CarpetTile Heating Wall Heater Heating YN Yes Laundry Features Community Levels Two Room Type KitchenLiving Room

    Property Features

    Accessibility Features None Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSidewalksStreet Lighting Country Us Electric Electricity - On Property Electric Expense 416.00 Elevation Units Feet Fuel Expense 728.00 Gardener Expense 1740.00 Gross Income 73428.00 Gross Operating Income 73428.00 Gross Scheduled Income 73428.00 Insurance Expense 2395.00 Land Lease YN No Laundry Income 200.00 Laundry YN Yes Maintenance Expense 961.00 Net Operating Income 58328.00 New Construction YN No New Taxes Expense 15015.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Number With Range 4 Operating Expense 15100.00 Other Expense 5069.00 Other Expense Description Repairs Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Mesa Del Mar (Mdma) Total Actual Rent 6119.00 Total Expenses 15100.00 Trash Expense 1663.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer Connected Water Sewer Expense 2128.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Betty Elkins-Rice of Betty Elkins-Rice and Babette Ison of Coldwell Banker Residential Br.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-15T00:29:41.7. 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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