We are pleased to offer this turn-key, pride-of-ownership, 6 unit apartment building. Located in a prime Eastside Costa Mesa neighborhood, the property was built in 2 phases: the front building was originally constructed in 1954 and two rear buildings were constructed in 1984. All three buildings were fully renovated in 2003. Of the 6 total units, there are four 2 BR/1 BA, one 2 BR/2 BA and one 1 BR/1 BA. Each unit has a full size washer/dryer hookup, walk-in kitchen pantry, upgraded stove/oven, microwave oven, tile kitchen and bathroom floors, custom ceiling fans, upgraded carpeting and dual pane windows. All units have either a private spacious patio or a balcony. One enclosed garage and one open space are provided for each tenant. With this deal an investor has an opportunity to acquire a prime rental property at a 5% cap rate even after factoring in the cost of professional management and new taxes.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
