758 W 20th Street

Costa Mesa, CA 92627

  • 0 Bed(s)
  • 0 Bath(s)
  • 3,384 Sqft
  • 9211
    Sqft(Lot)
$1,800,000

Description

Unlock the potential of this four-unit property in a prime westside location of costa mesa! this property offers tremendous upside potential for investors looking to capitalize on below-market rents and increasing equity. each of the four 2-bedroom, 1-bathroom units comes with its own garage, offering a desirable and convenient layout for tenants. all units are currently tenant-occupied on a month-to-month basis, presenting an incredible opportunity for the new owner to make upgrades and increase rents to market levels. with rents currently well below market value, this property is ideal for an investor looking to renovate and reposition. inquire with the city to see if an adu can be constructed either on top of the garage or built on the existing large 9,211 sqft lot. market rents in the area for similar units are estimated at $2,700 per unit, giving the new owner the chance to bring the monthly gross income to over $11,000, and offers the investor a fantastic opportunity with generating a 5%+ cap rate; thereby making it an excellent addition to any real estate portfolio. whether you’re an experienced investor or looking for your first multi-unit property, this gem of a building promises long-term growth and significant returns. situated in a highly desirable area, close to shopping, dining, freeway and just minutes from the beach, this is a can't-miss opportunity for those seeking both cash flow and future appreciation. whether you plan to improve and hold...or renovate and resell, the upside is undeniable. this is your chance to create significant equity while tapping into the strong rental demand in this vibrant community. this is your chance to secure a property with significant equity upside and tap into costa mesa’s growing rental market. don’t miss out—opportunities like this are few and far between!

  • Property Type

    Residential Income

  • County

    Orange

  • Style

    Residential Income

  • AD ID

    47125995

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Fireplace: None

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Forced Air
    • Has Heating

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1972
    • Building Area Total: 3,384

    Pool Features

    • None

    Laundry Features

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2115
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 9211

  • Listing Price Information

    • Original List Price: 1,800,000
    • Listing Contract Date: 2024-10-05

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 42228119

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Closed
    • Source Neighborhood: C2 - Southwest Costa Mesa
    • Postal Code Plus 4: 3460
    • Directions: ===== On 20th Street; in between Placentia & Wallace =====
    • Source Property Type: Residential Income
    • Area: C2 - Southwest Costa Mesa
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 52
    • Common Walls: 1 Common Wall
    • Structure Type: Quadruplex
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1st & 2nd Floors
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 11/21/2024 @ 12:31

  • MLS: OC24207896
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is recently sold, it has 3,384 sqft, 9,211 sized lot, and 4 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 92627, this Orange County Home are nearby neighborhoods.