$1,974,000
$1,999,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
6,534 Sqft Lot
SOLD DATE : 06/26/2024
Key Details
Sold Price $1,974,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision ,Mesa Del Mar
MLS Listing ID NP24104655
Sold Date 06/26/24
HOA Y/N No
Year Built 1964
Lot Size 6,534 Sqft
Property Description
Welcome to 999 Valencia Street, a four-unit apartment community, built in 1964. It is comprised of a fantastic unit mix of (1) 3- Bedroom/2.5-Bathroom Townhouse unit, (1) 2-Bedroom/1.5-Bathroom Townhouse unit, (1) 1-Bedroom/1-Bathroom unit, and (1) Studio unit. All units have been completely renovated over the last four years with tenants paying near-market rents. Tenants have access to a lush community courtyard and (6) single-car garages. there is also a community laundry room for tenants to use. This is the perfect asset for an investor looking for a turnkey property with a solid income.
The property's strategic location ensures easy accessibility to the best of Costa Mesa, including renowned destinations such as South
Coast Plaza, The Camp, The LAB, and the Harbor Blvd shopping corridor. Additionally, tenants enjoy seamless connectivity with quick access to major freeways, including the 405, 55, and 73 Freeways. This property promises a secure investment but also positions itself
as an inviting residential haven at the heart of Costa Mesa's vibrant offerings.
Location
State CA
County Orange
Area C1 - Mesa Verde
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned
Garage Spaces 6.0
Garage Description 6.0
Fence Block
Pool None
Community Features Biking, Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks
View Y/N No
View None
Roof Type Composition
Total Parking Spaces 7
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 14166516
Energy Description 1500.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Tom Monarch • EHM Real Estate, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "