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Sq.Ft. Lot21,018
Year1920
Status:
Sold
Property Type:Residential Income (Multi-Family)
MLS #:NP18235734
Date Sold:11/9/2018
Lot Size:21,018 Sq. Ft.
County:Orange
Listing Agent/Office
Agent:Timothy Carr
Office:Villa Real Estate
223 and 225 23rd Street consist of five free-standing cottages on a 20,000+ SF lot in desirable, quiet Eastside Costa Mesa! R-1 zoning. There are 3 two bedroom units, 1 three bedroom unit, and a one bedroom. Each cottage has one bath. Four have private single car garages. Cottages are also very private, and some have large, private yards. Current rents are substantially below market- please refer to pro forma rents. This is a great opportunity to build value by remodeling the current units or keeping as-is. The excellent location is close to freeways, the back bay trail system, great restaurants and shopping on 17th Street, and just a few miles to the sandy beaches of Newport! Inspection of interior units is subject to accepted offer.
Detailed Maps
Community Information
Address:223 23rd St, Costa Mesa, CA 92627
Area:C5 - East Costa Mesa
County:Orange
City:Costa Mesa
Subdivision:Eastside Central (Eccm)
Zip Code:92627
Architecture
Year Built:1920
Stories:1
Number of Buildings: 5
Total Units: 5
Stories Total: 1
Garage Spaces: 4.0
Parking Total: 4.0
Features / Amenities
Laundry: Washer Hookup, Gas Dryer Hookup
Common Walls: No Common Walls
Heating: Wall Furnace
Property Features
Lot Size:
0.48 Acres / 21,018 Sq. Ft.
Lot Dimensions:120 x 175+
Lot Features: Yard
Sewer: Public Sewer
Water: Public
Directions:Orange Ave to Right on 23rd
Tax and Financial Info
Buyer Financing: Cash
Gross Scheduled Income: $98,760
Net Operating Income: $87,699
Pest Control Expense: $420
Water/Sewer Expense: $1,822
Other Expense: $4,133
Operating Expense: $11,061
Terms: TrustConveyance
Total Actual Rent: $8,140
Land Lease: No
Disclosures: TrustConservatorship
Schools
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Based on information from California Regional Multiple Listing Service, Inc. as of April 1, 2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.