MarketPier

175 E 21st Street - Costa Mesa, CA 92627

$3,975,000
Listing Description

Exciting 6 unit investment opportunity in sought-after Eastside Costa Mesa. This updated and remodeled property offers exceptional curb appeal with modern finishes amongst the 6 apartment units, each featuring 3 bedrooms and 2 baths. Each unit is thoughtfully upgraded with quartz countertops, stainless steel appliances, wood-style flooring, plush carpet, and neutral paint tones. Rare and noteworthy features available in each apartment include fireplace, washer/dryer hook-ups, private patio or yard space, and 1-car direct access garage in addition to two assigned parking spaces per unit. This remarkable property is conveniently located a stone's throw from popular shopping and dining, Back Bay trails, the shores of Newport Beach, and is located within the Newport-Mesa School District.

Listing Information
MLS Number
NP18285960
APN/Parcel ID
42619316
Type
Multifamily
Sub Type
Multifamily
Building Size
6,906 sqft
Lot Size
18,731 sqft
Price / SQFT
$576
No Units
6
Price / Unit
$662,500
Gross Scheduled Income
$230,000
Expenses
$69,000
Total Expenses
$69,000
Net Income
$161,000
Cap Rate
4.00%
Listing Date
12/6/2018
Days Active
2
Last Updated
12/9/2018
Listing Provided By
Heather Kidder
Compass
BRE# 01187466

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