970 Valencia Street,  Costa Mesa CA, 92626 (Residential Income)

7,400 sqft
Status: Sold
MLS#: OC15129966
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Last Updated: 12/8/2016 2:29 PM
Description for 970 Valencia Street Costa Mesa, CA 92626
Fantastic investment opportunity. Completely turn key with huge amounts of upgrades yet still so much potential. The huge lot and over 7400 square feet of building help make this deal a winner. Every unit has washer and dryer hook ups and private patios. Each home feels like a townhome rather than an apartment. With this fantastic cap rate for a property in the heart of Orange County, great freeway access, close to shopping, near south coast plaza, theatres, restaurants, and in a community so close to the beach. You will not find a better investment property at this price. unit mix-- 4- 2br/2ba, 1 3br/2.5ba, 1 1br/1ba. 4 are townhome type. Fabulous owners', occupied previously by the owner. New roof in 2004. Majority of the tenants are long term. Recently re-leased one of the units, had overwhelming response leased less than 9 days. Check with city for future condo conversion potential.
Price
Sold Price:
$2,350,000
Sold Date:10/09/2015
Orange
7,400 (approx)
OC15129966
Closed
Description
Fantastic investment opportunity. Completely turn key with huge amounts of upgrades yet still so much potential. The huge lot and over 7400 square feet of building help make this deal a winner. Every unit has washer and dryer hook ups and private patios. Each home feels like a townhome rather than an apartment. With this fantastic cap rate for a property in the heart of Orange County, great freeway access, close to shopping, near south coast plaza, theatres, restaurants, and in a community so close to the beach. You will not find a better investment property at this price. unit mix-- 4- 2br/2ba, 1 3br/2.5ba, 1 1br/1ba. 4 are townhome type. Fabulous owners', occupied previously by the owner. New roof in 2004. Majority of the tenants are long term. Recently re-leased one of the units, had overwhelming response leased less than 9 days. Check with city for future condo conversion potential.
Listing Information
Property Type: Cluster, Traditional, 2 Story
0.23 Acres 10,000 sq.ft. 7,400 (approx)
1964 2
Frame, Stucco
Public Water Service
Sewer Connected
6 Total
Neighborhood
Room Information
First Floor Bedroom
Gas Dryer Hookup
Interior Features
Dishwasher, Refrigerator, Self-Cleaning Oven, Dryer, Stacked Washer/Dryer, Washer
Hardwood, Vinyl, Laminate
Central Air
Forced Air
Exterior / Lot Features
10 Parking Spaces, Assigned Parking Space, Carport, Detached Carport
Stucco, Frame
Composition
None
No Pool
95X103
Multi
Suburban
Driving Directions
From I-405 N exit #9A/CA-55 S/CA-55 N toward BAKER ST Bear Right on BAKER ST Turn Left on MENDOZA DR Left on VALENCIA ST mi
Financial Considerations
14166425
$137,160 Income ,$27,000Expense
Listing Price History

Costa Mesa Real Estate

Costa Mesa is located in California. Costa Mesa, California 92626 has a population of 110,322.

The median household income in Costa Mesa, California 92626 is $65,373. The median household income for the surrounding county is $75,566 compared to the national median of $53,046. The median age of people living in Costa Mesa 92626 is 33.7 years.

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Courtesy: HomeSmart, Evergreen Realty Shevy Akason
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