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Sq.Ft. Lot6,970
Year2006
Status:
Sold
Property Type:Residential Income (Multi-Family)
MLS #:NP15024427
Date Sold:4/24/2015
Lot Size:6,970 Sq. Ft.
County:Orange
Listing Agent/Office
Agent:Grant Bixby
Office:Villa Real Estate
Excellent rental units with outsized income (yes, actual rents). You won't find a better CAP rate this close to the beach. Units 100% occupied with extremely rare/low vacancy. Property is professionally managed and well maintained. Nicely remodeled front house (3 beds, 2 baths) and newer back house built in 2006 (4 beds, 3 baths). Mix of hardwood and travertine flooring, subway tile and travertine in baths, and granite on most countertops. Private outdoor patios. Great owner/user potential. Two car garage plus covered carport. Ample street parking. Less than a block to restaurants, coffee shops, and all the great retail conveniences of 17th Street. Feeds to award-winning local elementary schools and Newport Harbor High. DRIVE-BY ONLY. DO NOT DISTURB OCCUPANTS UNDER ANY CIRCUMSTANCES. Available to be shown with accepted offer. Property next door closed for $1,405,000. Similar profile but LESS income than subject property.
Detailed Maps
Community Information
Address:225 Cabrillo, Costa Mesa, CA 92627
Area:C5 - East Costa Mesa
County:Orange
City:Costa Mesa
Subdivision:Eastside South (Escm)
Zip Code:92627
Architecture
Year Built:2006
Stories:2
Construction Materials: Brick, Stucco, Wood Siding
Number of Buildings: 2
Total Units: 2
Stories Total: 2
Garage Spaces: 2.0
Carport Spaces: 1.0
Parking Features: Attached Carport, Assigned, Covered, Garage Faces Rear, On Street
Parking Total: 6.0
Features / Amenities
Interior Features: Cathedral Ceilings, Bedroom on Main Level
Fireplace Features: Living Room
Flooring: Carpet, Tile
Common Walls: 2+ Common Walls
Heating: Forced Air, Wall Furnace
Rooms
| Master Bedroom |
| Living Room |
| Bedroom |
Property Features
Lot Size:
0.16 Acres / 6,970 Sq. Ft.
Lot Features: Front Yard, Lawn, SprinklerSystem
Utilities: Sewer Connected
Water: Public
Road Frontage: Alley
Tax and Financial Info
Buyer Financing: Cash
Gross Income: $7,575
Gross Scheduled Income: $88,892
Net Operating Income: $79,730
Electric Expense: $1,000
Insurance Expense: $1,500
New Taxes Expense: $10,000
Trash Expense: $500
Water/Sewer Expense: $500
Operating Expense: $9,161
Terms: CashtoNewLoan
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.