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1984 Orange Avenue

Costa Mesa, CA 92627
  • $1,995,000
  • STATUS: ACTIVE
  • ON SITE: 17 Days
  • ID#: OC22067836
UPDATED: 52 min ago
$1,995,000
  • 7
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

2 Unit property located in desirable Eastside Costa Mesa. Built in 2015, underwent remodel in 2022, provides approximately 2,200 Sq. Ft. of living space for each of the 2-story units. Approximate rent collected (based on the previous occupying tenants) grossed $9,500 per month, yielding a GSI of $114,000/year. The primary, 4 Bed & 3.5 Bath, Unit #1; boasts double master bedrooms, a double walk-in shower, jacuzzi tub, and dual vessel sinks. Featured throughout both units of the property is a consistency of thoughtful design with heigh ceilings and skylights on the ground floor, and vaulted ceilings with skylight dormers upstairs which create an open, light and airy feel. The gourmet kitchen has a 5-burner gas range, double-oven and an island sink. High end finishes include, travertine floors, oak stairs, granite counter tops, wrought iron railings and more. The over-sized back patio is gas plumbed for BBQ and flows seamlessly into a large, shady grassy side yard. The secondary Unit #2; is comprised of, 3 Beds & 2.5 Baths, that mimic replicable features to the neighboring primary unit. The ground floor emulates a contemporary open floor plan that consists of Travertine flooring with a large kitchen with peninsula seating and stacked laundry at the second level and maintains alignment with the meticulous features showcased from the primary. Newport Mesa Unified School District Newport Harbor High School! IDEAL INVESTMENT for someone looking to live in one unit and rent out the other. 2 Unit property located in desirable Eastside Costa Mesa. Built in 2015, underwent remodel in 2022, provides approximately 2,200 Sq. Ft. of living space for each of the 2-story units. Approximate rent collected (based on the previous occupying tenants) grossed $9,500 per month, yielding a GSI of $114,000/year. The primary, 4 Bed & 3.5 Bath, Unit #1; boasts double master bedrooms, a double walk-in shower, jacuzzi tub, and dual vessel sinks. Featured throughout both units of the property is a consistency of thoughtful design with heigh ceilings and skylights on the ground floor, and vaulted ceilings with skylight dormers upstairs which create an open, light and airy feel. The gourmet kitchen has a 5-burner gas range, double-oven and an island sink. High end finishes include, travertine floors, oak stairs, granite counter tops, wrought iron railings and more. The over-sized back patio is gas plumbed for BBQ and flows seamlessly into a large, shady grassy side yard. The secondary Unit #2; is comprised of, 3 Beds & 2.5 Baths, that mimic replicable features to the neighboring primary unit. The ground floor emulates a contemporary open floor plan that consists of Travertine flooring with a large kitchen with peninsula seating and stacked laundry at the second level and maintains alignment with the meticulous features showcased from the primary. Newport Mesa Unified School District Newport Harbor High School! IDEAL INVESTMENT for someone looking to live in one unit and rent out the other.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
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1984 Orange Avenue Costa Mesa, CA 92627

  • Price: $1,995,000
  • Status: ACTIVE
  • On Site: 17 Days
  • Updated: 52 min ago
  • ID#: OC22067836
7
Beds
0
Baths
0
½ Baths
0.17
Acres
Neighborhood:
Oc - Costa Mesa (92627)
County:
Orange
Area:
Oc - Costa Mesa (92627)
Property Description
2 Unit property located in desirable Eastside Costa Mesa. Built in 2015, underwent remodel in 2022, provides approximately 2,200 Sq. Ft. of living space for each of the 2-story units. Approximate rent collected (based on the previous occupying tenants) grossed $9,500 per month, yielding a GSI of $114,000/year. The primary, 4 Bed & 3.5 Bath, Unit #1; boasts double master bedrooms, a double walk-in shower, jacuzzi tub, and dual vessel sinks. Featured throughout both units of the property is a consistency of thoughtful design with heigh ceilings and skylights on the ground floor, and vaulted ceilings with skylight dormers upstairs which create an open, light and airy feel. The gourmet kitchen has a 5-burner gas range, double-oven and an island sink. High end finishes include, travertine floors, oak stairs, granite counter tops, wrought iron railings and more. The over-sized back patio is gas plumbed for BBQ and flows seamlessly into a large, shady grassy side yard. The secondary Unit #2; is comprised of, 3 Beds & 2.5 Baths, that mimic replicable features to the neighboring primary unit. The ground floor emulates a contemporary open floor plan that consists of Travertine flooring with a large kitchen with peninsula seating and stacked laundry at the second level and maintains alignment with the meticulous features showcased from the primary. Newport Mesa Unified School District Newport Harbor High School! IDEAL INVESTMENT for someone looking to live in one unit and rent out the other. 2 Unit property located in desirable Eastside Costa Mesa. Built in 2015, underwent remodel in 2022, provides approximately 2,200 Sq. Ft. of living space for each of the 2-story units. Approximate rent collected (based on the previous occupying tenants) grossed $9,500 per month, yielding a GSI of $114,000/year. The primary, 4 Bed & 3.5 Bath, Unit #1; boasts double master bedrooms, a double walk-in shower, jacuzzi tub, and dual vessel sinks. Featured throughout both units of the property is a consistency of thoughtful design with heigh ceilings and skylights on the ground floor, and vaulted ceilings with skylight dormers upstairs which create an open, light and airy feel. The gourmet kitchen has a 5-burner gas range, double-oven and an island sink. High end finishes include, travertine floors, oak stairs, granite counter tops, wrought iron railings and more. The over-sized back patio is gas plumbed for BBQ and flows seamlessly into a large, shady grassy side yard. The secondary Unit #2; is comprised of, 3 Beds & 2.5 Baths, that mimic replicable features to the neighboring primary unit. The ground floor emulates a contemporary open floor plan that consists of Travertine flooring with a large kitchen with peninsula seating and stacked laundry at the second level and maintains alignment with the meticulous features showcased from the primary. Newport Mesa Unified School District Newport Harbor High School! IDEAL INVESTMENT for someone looking to live in one unit and rent out the other.
Exterior Features

Pool N/K Roof Composition Site CurbsSidewalks Spa N/K

Interior Features

Cooling Central Forced Air Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 3 Water Heater Type Gas

Property Features

Actual Cap Rate 4.8 Annual Expense Actual 0 Assessments N/K Buildings 1 Cfd Mello Roos Fee 0.0 Cfd Mello Roos Fee Reflects Year Gross Scheduled Income Actual 119400 Home Owners Fees 0.0 Possession Close Of Escrow Unit Number For Unit1 1 Unit Number For Unit2 2 Zoning Seller

San Diego MLS logo Listing provided courtesy of Residential Agent Inc.. Listing information © 2022 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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