Property Details
About this Property
Unlock the potential of this four-unit property in a prime Westside location of Costa Mesa! This property offers tremendous upside potential for investors looking to capitalize on below-market rents and increasing equity. Each of the four 2-bedroom, 1-bathroom units comes with its own garage, offering a desirable and convenient layout for tenants. All units are currently tenant-occupied on a month-to-month basis, presenting an incredible opportunity for the new owner to make upgrades and increase rents to market levels. With rents currently well below market value, this property is ideal for an investor looking to renovate and reposition. Inquire with the City to see if an ADU can be constructed either on top of the garage or built on the existing large 9,211 sqft lot. Market rents in the area for similar units are estimated at $2,700 per unit, giving the new owner the chance to bring the monthly gross income to over $11,000, and offers the investor a fantastic opportunity with generating a 5%+ cap rate; thereby making it an excellent addition to any real estate portfolio. Whether you’re an experienced investor or looking for your first multi-unit property, this gem of a building promises long-term growth and significant returns. Situated in a highly desirable area, close to shop
MLS Listing Information
MLS #
CROC24207896
MLS Source
California Regional MLS
Interior Features
Laundry
None
Cooling
None
Heating
Forced Air
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 4 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 4 |
758 W 20th St is a Residential Income in Costa Mesa, CA 92627. This – square foot property sits on a 9,211 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,775,000 and was built in 1972. This address can also be written as 758 W 20th St, Costa Mesa, CA 92627.
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This listing information is up-to-date as of November 20, 2024. For the most current information, please contact Ramzi Ataya, (949) 484-6468
