10
0
984 El Camino Drive
Costa Mesa, CA 92626
Residential Multi Family (Apartment)
0.17 Acres
5241 Sqft Living Area
10 Bedrooms
11 Bathrooms (9 Full, 0 Half)
Year Built: 1964
$3,700,000
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Property Description
High Quality Remodeled 6 Apts w/Great Income! First extensively remodeled property in the neighborhood which is starting to gentrify. Great upside potential for a long term hold. Prospective tenants come from Irvine & East Side Costa Mesa due to finishes & lower rent. Other tenants love the area because their kids can walk to school from elementary through college. Attracted college students and young professionals, etc. Property has great appeal to everyone without restriction across all demographics. For detailed views of interior, see listings from 2023 on Zillow & SoCal MLS. Full Remodel & added 2 ADUs in 2023. Better than average amenities for tenants: Life Source Whole Building Water Filter to keep down scale and water spots on the glass shower doors. Drink from any faucet in the apartment and makes the hair and skin feel fantastic! BBQ area with table, chairs, heater, covering, evening accent lights. Landscaping is mostly Kurapia instead of grass, which is drought tolerant and rarely needs mowing. Designed property for minimal maintenance. Irrigation system & water fountain out front. New sewer drops from second floor (no cracked sewer pipes!) All major systems are new: Water heater, electrical panels, larger water connection to street and 2.5" water meter etc. Individual gas and electric meters plus RUBS in place as well. 6 Ring security cameras and lights around the property. Gated front & rear gates with pushbutton codes for convenient access for tenants, service staff, UPS/FedEx, etc. All units have heat/AC or ductless minisplits. Lots of light throughout make them desirable for tenants. Apts A and F have yard/patio. Prewired for cable so no ugly wires outside. Recirc pump for the hot water. Walls and ceilings insulated. Refrigerators incl: Apts A, D, E, and F. Quartz counters, euro hinge cabinets with soft close. Soft close toilet lids. New windows, electric garage door openers with battery backup for new steel roll up doors. Every apartment has assigned parking so no hassles for parking for the all the tenants. Apt B upgraded to include soaking tub, 3 solatube skylights and upgraded appliances. Deep, stainless sinks w/sprayer faucet on overhead hose. W/D in lndry are owned. Only $1.25 each (can be increased). Recently serviced to replace washer pump seal. Locks are all Kwikset SmartKey for easy rekeying between tenants. All apts have great natural light. Small storage closet for property tools. NOTE: Listed features vary by Apt
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Contact Details
Name: Greg Sharp
Email: Greg@GregSharpRealEstate.com
MLS Listing Id: OC24142557
Agent Phone: (949) 233-7065
List Agent License: 01315113
Office Name: Gregory Sharp, Broker
Office Phone: (949) 233-7065
Office MLS Id: OC03418
Listing Status: Active
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2024 OpenHous, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
