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1984 Orange Avenue

Costa Mesa, CA 92627
  • $1,995,000
  • STATUS: Active Under Contract
  • ON SITE: 21 Days
  • ID#: OC22067836
Under Contract
UPDATED: 50 min ago
$1,995,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2015
County:

School Ratings & Info

Listing Agent(s): Andrew Rebuliod'angelo of Residential Agent Inc. (949-791-8160) and Barret Smith of Residential Agent Inc.(949-791-8160)


Description

2 Unit property located in desirable Eastside Costa Mesa. Built in 2015, underwent remodel in 2022, provides approximately 2,200 Sq. Ft. of living space for each of the 2-story units. Approximate rent collected (based on the previous occupying tenants) grossed $9,500 per month, yielding a GSI of $114,000/year. The primary, 4 Bed & 3.5 Bath, Unit #1; boasts double master bedrooms, a double walk-in shower, jacuzzi tub, and dual vessel sinks. Featured throughout both units of the property is a consistency of thoughtful design with heigh ceilings and skylights on the ground floor, and vaulted ceilings with skylight dormers upstairs which create an open, light and airy feel. The gourmet kitchen has a 5-burner gas range, double-oven and an island sink. High end finishes include, travertine floors, oak stairs, granite counter tops, wrought iron railings and more. The over-sized back patio is gas plumbed for BBQ and flows seamlessly into a large, shady grassy side yard. The secondary Unit #2; is comprised of, 3 Beds & 2.5 Baths, that mimic replicable features to the neighboring primary unit. The ground floor emulates a contemporary open floor plan that consists of Travertine flooring with a large kitchen with peninsula seating and stacked laundry at the second level and maintains alignment with the meticulous features showcased from the primary. Newport Mesa Unified School District Newport Harbor High School! IDEAL INVESTMENT for someone looking to live in one unit and rent out the other.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T19:33:55.463. 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 deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/128330232
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1984 Orange Avenue Costa Mesa, CA 92627

  • Price: $1,995,000
  • Status: Active Under Contract
  • On Site: 21 Days
  • Updated: 50 min ago
  • ID#: OC22067836
0
Beds
0
Baths
0
½ Baths
0.17
Acres
2015
Built
Neighborhood:
C5 - East Costa Mesa
County:
Orange
Area:
C5 - East Costa Mesa
Property Description
2 Unit property located in desirable Eastside Costa Mesa. Built in 2015, underwent remodel in 2022, provides approximately 2,200 Sq. Ft. of living space for each of the 2-story units. Approximate rent collected (based on the previous occupying tenants) grossed $9,500 per month, yielding a GSI of $114,000/year. The primary, 4 Bed & 3.5 Bath, Unit #1; boasts double master bedrooms, a double walk-in shower, jacuzzi tub, and dual vessel sinks. Featured throughout both units of the property is a consistency of thoughtful design with heigh ceilings and skylights on the ground floor, and vaulted ceilings with skylight dormers upstairs which create an open, light and airy feel. The gourmet kitchen has a 5-burner gas range, double-oven and an island sink. High end finishes include, travertine floors, oak stairs, granite counter tops, wrought iron railings and more. The over-sized back patio is gas plumbed for BBQ and flows seamlessly into a large, shady grassy side yard. The secondary Unit #2; is comprised of, 3 Beds & 2.5 Baths, that mimic replicable features to the neighboring primary unit. The ground floor emulates a contemporary open floor plan that consists of Travertine flooring with a large kitchen with peninsula seating and stacked laundry at the second level and maintains alignment with the meticulous features showcased from the primary. Newport Mesa Unified School District Newport Harbor High School! IDEAL INVESTMENT for someone looking to live in one unit and rent out the other.
Exterior Features

Architectural Style Traditional Carport YN Yes Entry Location Front Exterior Features Lighting Fencing Block Foundation Details Slab Lot Features 11-15 Units/Acre Number Of Separate Electric Meters 2 Open Parking Spaces 2 Parking Features Attached CarportDirect AccessDrivewayElectric GateGarageOff SiteOn Site Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City StreetPrivate Road Roof Composition Spa Features None Spa YN No View City Lights View YN Yes

Interior Features

Accessibility Features Safe Emergency Egress From Home Appliances DishwasherExhaust FanElectric RangeFree-Standing RangeFreezerGas RangeGas Water HeaterRefrigeratorRange Hood Common Walls 1 Common Wall Cooling Central Air Cooling YN Yes Fireplace Features Gas Fireplace YN Yes Flooring StoneWood Heating Central Heating YN Yes Interior Features Built-In FeaturesCeiling Fan(S)Ceramic CountersIn-Law FloorplanStone CountersStorageEntrance Foyer Window Features Double Pane Windows

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.8 Common Interest None Community Features BikingCurbsDog ParkHikingParkPreserve/Public LandStorm Drain(S)Street LightsSuburbanSidewalksWater Sports Electric Standard Garage YN Yes Gross Income 0 Gross Scheduled Income 119400 Insurance Expense 0 Land Lease YN No Laundry Features Inside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Net Operating Income 95460 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Number Of Units Leased 0 Operating Expense 23940 Possession Close Of Escrow Property Condition Updated/RemodeledTurnkey Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Total Actual Rent 0 Trash Expense 0 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedSewer Connected Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T19:33:55.463. 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 deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Andrew Rebuliod'angelo of Residential Agent Inc. (949-791-8160) and Barret Smith of Residential Agent Inc.(949-791-8160)