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    970 Valencia Street

    Costa Mesa, CA 92626
    • $2,798,888
    • STATUS: Active
    • ON SITE: 200 days
    • ID#: OC20072614
    UPDATED: 179 min ago
    $2,798,888
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,548
      SQFT
    • $427
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    Located in Mesa Del Mar, West of Costa Mesa, 6 turnkey units 5 of which has central AC systems on a 9583 sq. ft. corner lot. The unit mix is a combination of One 3 BD/2.5 BA , Four 2 BD/ 2 BA, and one 1 BD/1 BA. Four of the units are townhouse style with their own private patios. These units are spacious and well designed featuring a large outdoor landscaped entertainment area for residence to enjoy. Additionally, there are a total of 8 garages for use as an amenity to the tenants coupled with additional storage areas. All units have been renovated. Excellent rental location and low vacancy rates with ability to increase rents.This building has 6 electric meters, 6 gas meters and 1 water meter. Landlord pays for common area expenses which include water trash services. All tenant specific units are separately metered for electricity and gas. Strategically located near numerous amenities, close to beaches, South Coast Plaza, Disneyland , 73 toll road, 55, 5, 22, and 405 freeways.

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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/105000718
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    970 Valencia Street Costa Mesa, CA 92626

    • Price: $2,798,888
    • Status: Active
    • Updated: 179 min ago
    • ID#: OC20072614
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    6,548
    SQFT
    $427
    $/SQFT
    1964
    Built
    Neighborhood:
    C4 - Central Costa Mesa
    County:
    Orange
    Area:
    C4 - Central Costa Mesa
    Property Description
    Located in Mesa Del Mar, West of Costa Mesa, 6 turnkey units 5 of which has central AC systems on a 9583 sq. ft. corner lot. The unit mix is a combination of One 3 BD/2.5 BA , Four 2 BD/ 2 BA, and one 1 BD/1 BA. Four of the units are townhouse style with their own private patios. These units are spacious and well designed featuring a large outdoor landscaped entertainment area for residence to enjoy. Additionally, there are a total of 8 garages for use as an amenity to the tenants coupled with additional storage areas. All units have been renovated. Excellent rental location and low vacancy rates with ability to increase rents.This building has 6 electric meters, 6 gas meters and 1 water meter. Landlord pays for common area expenses which include water trash services. All tenant specific units are separately metered for electricity and gas. Strategically located near numerous amenities, close to beaches, South Coast Plaza, Disneyland , 73 toll road, 55, 5, 22, and 405 freeways.
    Exterior Features

    Garage Spaces 8.00 Lot Features Lot 6500-9999 Lot Size Source Assessor Lot Size Units Square Feet Parking Total 8.00 Pool Features None Pool Private YN No Property Attached YN No

    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 Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetVinyl Heating Central Heating YN Yes Laundry Features Gas Dryer HookupInsideWasher Hookup Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.20 Community Features Curbs Country Us Electric Standard Electric Expense 1750.00 Elevation Units Feet Fuel Expense 750.00 Gardener Expense 2040.00 Gross Income 164520.00 Gross Scheduled Income 163320.00 Insurance Expense 2530.00 Land Lease YN No Laundry YN Yes Net Operating Income 118113.00 New Construction YN No New Taxes Expense 32187.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 45207.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Other Total Expenses 45207.00 Trash Expense 3450.00 Utilities Electricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Water Sewer Expense 2500.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Ramin Favakehi of Ramin Favakehi, Broker


    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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