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Key Details
Sold Price $3,300,000
Property Type Residential Income
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW25240092
Year Built 1963
Lot Size 0.273 Acres
Property Sub-Type Apartment
Property Description
We are pleased to present a turn key 6-unit asset located in the heart of Costa Mesa. This property consists of six fully renovated, 2 bed/1.5 bath townhome-style units - each spanning over 1100 sq. ft, and upgraded to deliver a high-end living experience. The property features significant interior and exterior improvements, including in-unit washer/dryers, stainless steel appliances, central A/C, and spacious private patios — all of which contribute to a condo-quality environment that attracts and retains quality tenants. Over a 5% cap rate on current rents, this asset offers investors the opportunity to generate strong, passive income with minimal operational burden, while benefiting from premium amenities and long-term stability in a sought-after Orange County submarket.
Location
State CA
County Orange
Area 699 - Not Defined
Interior
Laundry Inside
Exterior
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Sidewalks
Building
Lot Description Irregular Lot
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
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Bought with Lena Ghezel Compass



