970 Valencia Street, Costa Mesa, CA 92626

$2,690,000
7,400
SqFt
List Price
$2,690,000
Price Change
▼ $100,000 1566342891
Status
ACTIVE UNDER CONTRACT
MLS#
OC19142736
Year Built
1964
Living Sq. Ft
7,400
Lot Size
9,583
Acres
0.22
Lot Location
6-10 Units/Acre, Corner Lot, Front Yard, Level with Street, Level
Days on Market
113
Property Type
Multifamily
Property Sub Type
Commercial/Residential
Stories
Two Level
Neighborhood
Other (Othr)

Property Description

REDUCED $200K, 6 turnkey units in Mesa Del Mar area. Large 7400 sq. ft. building sitting on a 9583 sq. ft. corner lot with 8 dedicated covered parking spaces. Unit mixes: One 3 bed 2 bath, three 2 bed 2 baths, and one 1 bed 1 bath. 6 separate gas and electric meters, water is paid by Landlord. All but 2 of the units are townhouse style with their own private patios/balconies. All units have washer/dryer hook-ups and all have been renovated with wood floors and granite counters. This is a perfect investment opportunity for a 1031 exchange, value added investment, or a potential condo conversion project with income in place, please check with the city of Costa Mesa. Close to beaches, South Coast Plaza, commerce centers, 73 toll road, 55, 5, 22, and 405 freeways.

Additional Information

Tract Number
5011
Lot Description
Curbs
Pool Description
None
Heat
Forced Air
Cooling
Yes
Cooling Description
See Remarks
View
Mountain(s), Neighborhood
Garage Spaces Total
4
Sewer
Sewer Paid
Water
Public
Attached Structure
Attached
Total Number of Units
6

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

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

Listing courtesy of Tony Morrison from Lantern Bay Realty

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.