117 E Bay Street, Costa Mesa, CA 92627

$1,500,000
3,150
SqFt
Sold Price
$1,500,000
List Price
$1,595,000
Closing Date
Sep 16, 2019
Status
CLOSED
MLS#
NP19065984
Year Built
1964
Living Sq. Ft
3,150
Lot Size
6,098
Acres
0.14
Lot Location
Sprinkler System, Utilities - Overhead
Days on Market
110
Property Type
Multifamily
Stories
Two Level
Neighborhood
Eastside Central (Eccm)

Property Description

The E. Bay fourplexes consist of three adjacent 4 unit investment properties all with separate APNs. The addresses are 117, 121, and 125 E. Bay Street and are situated in one of the most desirable rental markets, “Eastside Costa Mesa”. Each building features four 2 bedroom / 1 bathroom units which are all separately metered for gas/electricity, and are approximately 787 square feet in size. Tenants benefit from on-site laundry, covered garages, close proximity to freeways, beaches, and all the shopping and entertainment 17th street has to offer. This is an amazing opportunity for the savvy investor to acquire three side by side multi-family apartment buildings that are fully leased and offers the opportunity to increase rents and improve on the current cap rate. Don’t miss out on this opportunity.

Additional Information

Tract Number
516
Lot Description
Carbon Monoxide Detector(s), Smoke Detector(s), Sidewalks, Storm Drains, Street Lights
Pool Description
None
Garage Spaces Total
4
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Total Number of Units
4

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Timothy Carr from Villa Real Estate

Listing sold by Elizabeth Thamer from Villa Real Estate

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.