Multi-Family (2-4 Units)
UPGRADED, 2 HOMES ON ONE LOT CASH COW WITH 5.4% CAP RATE! Rare 2 single family detached homes with each having 4 bed 3 baths on one lot. Both units are approximately 1750 sq. ft. both have actual 4 beds 3 full baths on an 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 just completely updated and upgraded with new laminate wood floors, all new remodeled bathrooms, new neutral paint, dual paned windows, and 3 reserved parking spaces. Currently rented to a commercial tenant who has both units at $8800 per month, lease expires in September, 2018. The pro forma for this property could raise the rents to approximately $15K per month, call for details. Side & back yard great for entertaining. 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 hwater meters. Great location & close to Costa Mesa Country Club, DMV, medical facilities, schools, local eateries, and great parks. Easy access to freeway 55, 73, & 405. Zone R2 Medium Density. Potential to build 3rd unit. Buyers to verify with city. Buyer's must cooperate with Seller's 1031 exchange.
MLS # OC17162599
Courtesy Of Lantern Bay Realty, Inc.
Age: Over 50 Years Old
Amenities: Double Pane Windows, Lawn, Ceiling Fan
Appliances: Dishwasher, Oven - Gas, Range - Gas
Architecture Style: Ranch
Cooling System: None
Exterior Type: Stucco
Floor Covering: Laminate, Tile, Wood
Heating Fuel: Natural Gas
Heating System: Central Furnace, Forced Air
Parking Type: Assigned, Covered, Driveway
Roof Type: Unknown
Rooms: Bedroom, Kitchen, Living Room, Master Bathroom
† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Multi-Family (2-4 Units)
located at 713 W Wilson Street, Costa Mesa, CA
is currently for sale.
713 W Wilson Street, Costa Mesa is listed
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