Reduced $200K with a 5.2% Cap Rate! West Side Costa Mesa investment or redevelopment opportunity - 2 upgraded and updated single family detached homes on one lot. Both units are approximately 1750 sq. ft., both have 4 beds 3 full baths on an R2 medium density 11,700 sq. ft. lot. Front unit has been repainted, newer stainless steel appliances with granite counters in kitchen, baths are good condition with tiled and wood flooring, dual paned windows, and a 3 car attached garage. Rear unit was completely updated and upgraded with new laminate wood floors, all new remodeled bathrooms, new neutral paint, dual paned windows, and 3 reserved parking spaces. Long driveway for plenty of parking. Upgraded 100 Amp electric meter, copper plumbing in both homes. 2 separate addresses & all separate utility meters incl 2 water meters. Great location & close to beach/ocean, Costa Mesa Country Club, DMV, medical facilities, schools, local eateries, and parks. Easy access to 55, 73, & 405 freeways. Zoned R2 Medium Density with potential to build 3rd unit or redevelopment, please check with City of Costa mesa.
Gas Oven, Gas Range, Gas Water Heater, Dishwasher, Gas Stove
Central Furnace, Wall Heater, Forced Air, Natural Gas
Back Yard, Level with Street, Lot 10000-19999 Sqft, Yard
Based on information from California Regional Multiple Listing Service, Inc. as of November 17th, 2019 at 8:26pm PST. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.