FOR SALE

More details

131 E. 21st St, Costa Mesa, CA 92627

The front of the property consists of a freestanding 2-bedroom, 1-bath single-family residence featuring a large enclosed front yard with a white picket fence, along with a private enclosed rear yard. The rear of the property includes two additional residential buildings comprised of two 1-bedroom and two 2-bedroom units. Each residence offers private enclosed front and rear yards/patio areas.

Additional amenities include private, enclosed garages with automatic openers, in-unit washer-and-dryer hookups, and off-street parking for approximately 8 vehicles. There are 6 garages- 1 is rented out for $250 per month.

Each unit has its own water heater that the resident pays for gas. There is no house meter for either gas or electric so no utility expenses other than water and trash.

The property currently generates approximately $172,440 in annual income and benefits from a stable long-term tenant base. Ideally located within the highly sought-after Eastside Costa Mesa submarket, the property offers convenient access to Newport Boulevard and the 55 Freeway.

2 BR 1BA- $3,250
1BR 1 BA- $2,350
1BR 1 BA- $2,295
2 BR 1BA- $2,950
2BR 1BA- $3,275
Garage--- $ 250

All information is deemed reliable but not guaranteed and has been gathered from sources deemed reliable but not independently verified.

Buyer and buyer’s agent are advised to independently verify all information, including but not limited to rent rolls, expenses, unit mix, square footage, permits, compliance, and all other financial and physical aspects of the property.