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Sq.Ft. Lot19,769
Year1954
Status:
Sold
Property Type:Residential Income (Multi-Family)
MLS #:NP21026676
Date Sold:4/6/2021
Lot Size:19,769 Sq. Ft.
County:Orange
Listing Agent/Office
Agent:Timothy Carr
Office:Villa Real Estate
We are pleased to present the sale of 2417 Orange Ave, located in Eastside Costa Mesa. This 6 unit investment property sits on an approximate 20,000 square foot lot and features a favorable unit mix of (1) 2 bed / 2 bath unit, (4) 2 bed/ 1 bath units, and (1) 1 bed/ 1 bath unit. Each unit is separately metered for gas and electricity, includes in unit laundry (1 bedroom unit hook-ups in garage), AC, recessed lighting, and private yard space. There are (2) single car garages, (2) two car garages, and six additional on site parking spaces. 2417 Orange Ave, located in one of the strongest rental markets in orange County and offers tenants close proximity to major freeways, John Wayne Airport, world class beaches, and all the amenities 17th street has to offer. This asset will be delivered vacant and offers multiple opportunities for an investor looking to grow their real estate portfolio, or an owner user looking to live in a unit while generating strong income from the other units. This is one investment property you do not want to miss!
Detailed Maps
Community Information
Address:2417 Orange Ave, Costa Mesa, CA 92627
Area:C5 - East Costa Mesa
County:Orange
City:Costa Mesa
Subdivision:Eastside Central (Eccm)
Zip Code:92627
Architecture
Year Built:1954
Stories:1
Number of Buildings: 3
Total Units: 6
Stories Total: 1
Unit 1: 1 Unit•2 Beds•2 Baths•Unfurnished•$2,900 pro forma
Unit 2: 4 Units•2 Beds•1 Bath•Unfurnished•$2,700 pro forma
Unit 3: 1 Unit•1 Bed•1 Bath•Unfurnished•$2,300 pro forma
Roof: Composition
Garage Spaces: 6.0
Parking Features: Door-Multi, Door-Single, Garage, On Site
Open Parking Spaces: 6.0
Parking Total: 12.0
Features / Amenities
Interior Features: Recessed Lighting
Appliances: Dishwasher, Gas Range, Refrigerator
Flooring: Laminate, Tile
Laundry: In Garage, In Kitchen
Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Window: Double Pane Windows
Common Walls: 1 Common Wall
Cooling: Wall/Window Unit(s)
Heating: Wall Furnace
Rooms
| Kitchen |
| Living Room |
Property Features
Lot Size:
0.45 Acres / 19,769 Sq. Ft.
Lot Features: Back Yard, Lawn, Landscaped, SprinklerSystem
Sewer: Public Sewer
Water: Public
Directions:Orange Ave in between Santa Isabel and Monte Vista
Tax and Financial Info
Buyer Financing: Cash
Gross Scheduled Income: $192,000
Net Operating Income: $131,080
Electric Expense: $1,500
Gardener Expense: $3,000
Insurance Expense: $2,500
New Taxes Expense: $36,750
Pest Control Expense: $1,500
Trash Expense: $2,400
Water/Sewer Expense: $3,000
Operating Expense:
Schools
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Based on information from California Regional Multiple Listing Service, Inc. as of March 20, 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.