984 El Camino Drive

Costa Mesa, CA 92626

  • 0 Bed(s)
  • 0 Bath(s)
  • 5,241 Sqft
  • 7405
    Sqft(Lot)
$3,395,000

Description

984 el camino drive is a premier investment opportunity in the sought-after mesa del mar neighborhood of costa mesa, ca. this pristine, turnkey property received an infusion of approximately $1.3 million in 2023, encompassing a full exterior renovation and complete interior remodel. each unit was upgraded with modern, high-end finishes, offering residents top-quality living spaces. many units feature brand-new in-unit laundry machines, and all are equipped with new air conditioning, heating systems, microwaves, ceiling fans, stainless steel appliances, sinks, and more. the property also offers excellent parking options, with four garages, spaces for four vehicles in front of the garages, and five additional open spots, providing an impressive 2:1 parking ratio. with a 5.1% cap rate based on current rents, this asset presents a compelling opportunity for investors looking for a turnkey property with solid, immediate cash flow potential.

  • Property Type

    Residential Income

  • County

    Orange

  • Style

    Residential Income

  • AD ID

    48818236

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Property Details

  • Water/Sewer

    • Water Source : Private
    • Sewer : Public Sewer

    Interior Features

    • Fireplace: None

    Cooling Features

    • Central Air
    • Air Conditioning

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1964
    • Building Area Total: 5,241

    Pool Features

    • None

    Laundry Features

    • Common Area,Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.17
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7405

  • Listing Price Information

    • Original List Price: 3,395,000
    • Listing Contract Date: 2025-03-03

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 14166525

  • Garage and Parking

    • Garage Description: Garage

    Homeowners Association

    Rental Info

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

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C4 - Central Costa Mesa
    • Postal Code Plus 4: 5548
    • Directions: West of the 73 Freeway and South of Baker Street
    • Source Property Type: Residential Income
    • Area: C4 - Central Costa Mesa
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 61
    • Common Walls: 2+ Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: Street
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 04/05/2025 @ 02:46

  • MLS: PW25046836
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 5,241 sqft, 7,405 sized lot, and 4 parking. are nearby neighborhoods.