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Sq.Ft. Lot12,197
Year1971
Status:
Sold
Property Type:Quadruplex
MLS #:NP16701853
Date Sold:11/22/2016
Lot Size:12,197 Sq. Ft.
County:Orange
Listing Agent/Office
Agent:Timothy Carr
Office:Villa Real Estate
This is an excellent opportunity to own a well-kept four unit income property in popular Eastside Costa Mesa! The property is on a 12,000+ SF lot and is comprised of a 2+BR cottage in the front with is own driveway, and three units in the back building comprised of 1br/1 bath, 2br/1 bath, and 3br/1bath units. There is a common driveway with plenty of parking for the use of the back units and guests. A large community patio space is behind the back building, and there is a covered patio area between both buildings as well. Updates include commercial grade tank-less water heater, dual pane windows, roof and exterior paint. This property is well kept and will be vacant at the close of escrow.
Detailed Maps
Community Information
Address:2515 Elden Ave, Costa Mesa, CA 92627
Area:C5 - East Costa Mesa
County:Orange
City:Costa Mesa
Zip Code:92627
Architecture
Year Built:1971
Number of Buildings: 2
Total Units: 4
Parking Features: Driveway, Shared Driveway, Uncovered
Features / Amenities
Interior Features: Ceiling Fan(s)
Appliances: Gas Oven, Tankless Water Heater, Vented Exhaust Fan
Flooring: Tile, Vinyl, Wood
Laundry: Common Area
Window: Blinds, Double Pane Windows
Common Walls: 2+ Common Walls
Cooling: Wall/Window Unit(s)
Heating: Central
Rooms
| Bonus Room |
Property Features
Lot Size:
0.28 Acres / 12,197 Sq. Ft.
Lot Features: Back Yard, Front Yard, Landscaped
Utilities: Electricity Connected, Natural Gas Connected
Sewer: Public Sewer
Water: Public
Fencing: AverageCondition
Directions:Orange to left on Monte Vista to right on Elden. Property is on left.
Tax and Financial Info
Buyer Financing: Cash
Cap Rate: 4.3
Gross Scheduled Income: $129,600
Net Operating Income: $90,720
Operating Expense: $38,880
Terms: Cash, CashtoNewLoan
Tenant Pays: CableTV
Land Lease: No
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.