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    2268 Pamela Lane

    Costa Mesa, CA 92627
    • $1,285,000
    • STATUS: Active
    • ON SITE: 17 days
    • ID#: PW20207401
    UPDATED: 45 min ago
    $1,285,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,576
      SQFT
    • $499
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1972
    County:

    School Ratings & Info

    Description

    We are pleased to offer 2268 Pamela Lane, a 3-unit apartment investment opportunity located in the popular coastal rental market of Costa Mesa. On the market for the first time in over 40 years, the property is well located on a culdesac in the westside +GG near the borders of Huntington Beach and Newport Beach +GG and walking distance to schools, parks, and major retail centers. Pamela Lane is also within minutes of OC Fairgrounds, Orange Coast College, and miles of Orange County+GGs sandy beaches. The current ownership has taken good care of the property over the years, with upgrades including a newer roof (approximately 10 years ago), renovated kitchens, and wood siding being replaced with stucco. Tenants enjoy garage parking, patios and balconies, and on-site laundry. The property is well-suited for either an owner-occupier, or an investor looking to add a quality asset in a good location to their portfolio. *Highly Desirable Location, Near Fairview Park & Costa Mesa Golf Course, *Great Mix of 1, 2 & 3-Bedroom Units, *First Time on Market in Over 40 Years, *Minutes from Huntington Beach, Newport Beach, OC Fairgrounds & Orange Coast College, *Renovated Kitchens, Newer Roof, Garage Parking

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-20T17:32:02.52. 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/110645434
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    2268 Pamela Lane Costa Mesa, CA 92627

    • Price: $1,285,000
    • Status: Active
    • Updated: 45 min ago
    • ID#: PW20207401
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,576
    SQFT
    $499
    $/SQFT
    1972
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    We are pleased to offer 2268 Pamela Lane, a 3-unit apartment investment opportunity located in the popular coastal rental market of Costa Mesa. On the market for the first time in over 40 years, the property is well located on a culdesac in the westside +GG near the borders of Huntington Beach and Newport Beach +GG and walking distance to schools, parks, and major retail centers. Pamela Lane is also within minutes of OC Fairgrounds, Orange Coast College, and miles of Orange County+GGs sandy beaches. The current ownership has taken good care of the property over the years, with upgrades including a newer roof (approximately 10 years ago), renovated kitchens, and wood siding being replaced with stucco. Tenants enjoy garage parking, patios and balconies, and on-site laundry. The property is well-suited for either an owner-occupier, or an investor looking to add a quality asset in a good location to their portfolio. *Highly Desirable Location, Near Fairview Park & Costa Mesa Golf Course, *Great Mix of 1, 2 & 3-Bedroom Units, *First Time on Market in Over 40 Years, *Minutes from Huntington Beach, Newport Beach, OC Fairgrounds & Orange Coast College, *Renovated Kitchens, Newer Roof, Garage Parking
    Exterior Features

    Garage Spaces 3.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 5.00 Pool Features None Pool Private YN No Property Attached YN No Uncovered Spaces 2.00

    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

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.10 Community Features CurbsSidewalksStorm DrainsStreet Lights Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 900.00 Gross Income 1080.00 Gross Multiplier 19.89 Gross Operating Income 62681.00 Gross Scheduled Income 64620.00 Insurance Expense 955.00 Land Lease YN No Laundry Income 1080.00 Laundry YN Yes Maintenance Expense 3134.00 Maintenance Percent 5.00 Net Operating Income 39421.00 New Construction YN No New Taxes Expense 13509.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 23261.00 Operating Expense Percent 36.00 Other Expense 3800.00 Other Expense Description Utility Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 23261.00 Trash Expense 0.00 Vacancy Allowance 1939 Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Damien Breaux of Morgan Skenderian


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-20T17:32:02.52. 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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