Description
Rare investment property indeed!!! remodeled single story duplex. built in 1970 with a completely separate two story 4 bedroom house added at the rear of the lot. the two story house, built in 1996 is 1,730 sq. ft. and has a 2-car garage. the duplex has a total of 2,293 sq. ft. the total square footage for the duplex + house is 4,023 sq. ft. each unit in the duplex has central heat. 2br unit has 1.5 bath. the duplex has been beautifully remodeled in the last year or so with new windows kitchens, baths and new flooring. the roofs on the duplex and house were replaced in 2017. this property is in the highly desirable and popular "spice street tract" of 4-plexes in costa mesa. each unit has its own washer and dryer hook-ups. extremely large 13,291 square foot lot which allowed for the addition of the 2 story 4br - 2ba separate house built to the rear of the duplex in 1996. this is truly a very unique opportunity to purchase an exceptional 3 unit investment property with huge income potential. market rents could generate $124,800 in gross income per year which is more than most of the 4-plexes in the tract. lease on the 4br currently at $3,376 is ending on september 30, 2024 and can now be raised to $3,675 within the boundaries of ca rent control assuming the cost of living index remains at 3.9%. there is one 2-car garage, one single garage plus 9 open parking spaces, all on concrete, which includes one space in front of each garage. the trash expense is included in the special assessments portion of the property tax bill. so, with this property you will have no trash dumpster bill as you would with most properties. also, it has separate water heaters for each unit. long term tenants in both duplex units and all 3 rents can be increased on oct. 1, 2025. there is still the potential to build an adu or to add onto the duplex and/or the house. lots of opportunity to increase income. additionally, there is no alley to contend with. all the parking is on beautiful concrete (no asphalt with pothole issues). the location in the tract couldn't be better as it is super quiet for the serenity and peace of all your tenants. also, there are no tenants above or below another tenant. you will look for a very long time to find another 3 unit property with the amenities of this one. so, hurry on this one to allow yourself the opportunity to own an investment property of this caliper and one that you will want to own for a very long time!!!
Property Type
Residential IncomeCounty
OrangeStyle
ContemporaryAD ID
48782270
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Property Details
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Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
Interior Features
- Roof : Flat,Flat Tile,Rolled/Hot Mop
- Interior Features: Stone Counters,Unfurnished
- Property Appliances: Dishwasher
- Fireplace: Living Room
- Flooring: Laminate
Heating Source
- Central,Forced Air,Fireplace(s)
- Has Heating
Fireplace
- Fireplace Features: Living Room
- Has Fireplace: 1
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Exterior Features
Building Information
- Year Built: 1970
- Building Area Total: 4,023
- Construction: Stucco
- Roof: Flat,Flat Tile,Rolled/Hot Mop
Security Features
- Carbon Monoxide Detector(s),Smoke Detector(s)
Accessibility Features
- Parking,Accessible Doors
Pool Features
- None
Laundry Features
- Washer Hookup,Gas Dryer Hookup,Inside,In Garage
Fencing
- Excellent Condition
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.3051
- Lot Size Source: Assessor
- Lot Size Square Feet: 13292
-
Listing Information
Listing Price Information
- Original List Price: 2,199,999
- Listing Contract Date: 2025-02-28
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 13949128
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Door-Multi,Door-Single,Garage,On Street,Unassigned,Uncovered
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: Electricity,Gas
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: C1 - Mesa Verde
- Postal Code Plus 4: 2400
- Directions: W/Harbor and S/Gisler
- Source Property Type: Residential Income
- Area: C1 - Mesa Verde
- Property SubType: Triplex
Building and Construction
- Property Age: 55
- Common Walls: 1 Common Wall,End Unit,No One Above,No One Below
- Property Condition: Updated/Remodeled
- Structure Type: Triplex
- Year Built Source: Public Records
- Entry Level: 1
- Entry Location: 1
- Property Attached: Yes
- Levels or Stories: One,Two
- Building Total Stories: 1
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BuyOwner last updated this listing 03/03/2025 @ 16:29
- MLS: OC25045542
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 9 bedrooms which is for sale, it has 4,023 sqft, 13,292 sized lot, and 3 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Costa Mesa , in zip code 92626, this Orange County Home , it is in the Other Subdivision, are nearby neighborhoods.