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    1990-2002 Maple Avenue

    Costa Mesa, CA 92627
    • $17,250,000
    • STATUS: Active
    • ON SITE: 116 days
    • ID#: OC20131651
    $17,250,000
    • 0
      BEDS
    • 1.93
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 37,392
      SQFT
    • $461
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    Sundance West Apartment Homes is a rare 40+1 unit multifamily investment opportunity located in Costa Mesa, one of the premier coastal housing markets in Southern California. Situated on a combined 1.93-acre lot, Sundance West Apartment Homes consists of 1, non-conforming one-bed/one-bath unit, 20, two-bed/one-bath units, and 20, three-bed/one-and-a-half bath units. Built in 1962 and 1963, the property offers community amenities such as a swimming pool, carport and open parking, additional storage space, and six laundry rooms. In recent years, current ownership has invested capital into an interior renovations program that includes unit upgrades like new stainless steel appliances, quartz countertops in the kitchen and bathrooms, vinyl plank flooring, and much more. Currently, over 30 apartments have been fully renovated.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-31T00:32:35.807. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/107556832
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    1990-2002 Maple Avenue Costa Mesa, CA 92627

    • Price: $17,250,000
    • Status: Active
    • ID#: OC20131651
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.93
    Acres
    37,392
    SQFT
    $461
    $/SQFT
    1962
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    Sundance West Apartment Homes is a rare 40+1 unit multifamily investment opportunity located in Costa Mesa, one of the premier coastal housing markets in Southern California. Situated on a combined 1.93-acre lot, Sundance West Apartment Homes consists of 1, non-conforming one-bed/one-bath unit, 20, two-bed/one-bath units, and 20, three-bed/one-and-a-half bath units. Built in 1962 and 1963, the property offers community amenities such as a swimming pool, carport and open parking, additional storage space, and six laundry rooms. In recent years, current ownership has invested capital into an interior renovations program that includes unit upgrades like new stainless steel appliances, quartz countertops in the kitchen and bathrooms, vinyl plank flooring, and much more. Currently, over 30 apartments have been fully renovated.
    Exterior Features

    Carport Spaces 34.00 Garage Spaces 0.00 Lot Features LandscapedLawn Lot Size Source Assessor Lot Size Units Acres Parking Total 69.00 Pool Features Community Pool Private YN No Property Attached YN No Uncovered Spaces 35.00

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels Description 42209216422092194220922042209221422092224220922342209224 Additional Parcels YN Yes Building Area Units Square Feet Community Features CurbsGuttersSidewalksStreet Lights Country Us Electric Expense 12496.00 Elevation Units Feet Fuel Expense 12496.00 Gross Income 1133554.00 Gross Operating Income 1100519.00 Gross Scheduled Income 1101168.00 Insurance Expense 13114.00 Land Lease YN No Laundry YN Yes Maintenance Expense 20500.00 Net Operating Income 712143.00 New Construction YN No New Taxes Expense 193410.00 Number Of Separate Electric Meters 41 Number Of Separate Gas Meters 41 Number Of Separate Water Meters 1 Number Of Units Leased 41 Operating Expense 388376.00 Other Expense 72850.00 Other Expense Description Misc Other Income1 32386.00 Professional Management Expense 38518.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 91764.00 Total Expenses 388376.00 Trash Expense 12496.00 Vacancy Allowance 33035 Water Sewer Expense 12496.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Tyler Leeson of Marcus & Millichap Re Invest


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-31T00:32:35.807. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

     
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