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Sq.Ft. Lot6,717
Year1958
Status:
Sold
Property Type:Triplex
MLS #:NP21129410
Date Sold:10/12/2021
Lot Size:6,717 Sq. Ft.
County:Orange
Listing Agent/Office
Agent:Paula Rayburn
Office:Pavilion Properties
Amazing Opportunity! EASTSIDE COSTA MESA Pride of Ownership Triplex. Family owned (3 generations) for over 60 years! Excellent location close to the beach, great schools, restaurants and shopping. This mid-century triplex features three large townhouse style 2 Bedroom/1.5 bath units, each with a one car garage, oversized patios and inside washer/dryer hookups. Each unit is approximately 1090 square feet. Very low maintenance building-Roof replaced in 2005. New garage doors and openers in 2021. One unit at market rent $2650 the other two units well below market with great long term tenants (one tenant for 23 years, one for 4 years.). Please DO NOT disturb current tenants. Located one block from 17th Street but does NOT back to commercial buildings.
Detailed Maps
Price Change History
| Date | Old Price | New Price | Percent Change |
| 10/12/2021 | $1,950,000 | $1,803,750 | -7.5% |
Community Information
Address:264 Cabrillo St, Costa Mesa, CA 92627
Area:C5 - East Costa Mesa
County:Orange
City:Costa Mesa
Subdivision:Eastside South (Escm)
Zip Code:92627
Architecture
Year Built:1958
Stories:2
Style:Mid-Century Modern
Building Area: 3268.0
Number of Buildings: 1
Total Units: 3
Stories Total: 2
Unit 1: 1 Unit•2 Beds•2 Baths•Unfurnished•$2,000 actual rent•$2,000 total rent•$2,650 pro forma
Unit 2: 1 Unit•2 Beds•2 Baths•Unfurnished•$2,000 actual rent•$2,000 total rent•$2,550 pro forma
Unit 3: 1 Unit•2 Beds•2 Baths•Unfurnished•$2,650 actual rent•$2,650 total rent•$2,650 pro forma
Garage Spaces: 3.0
Parking Features: Assigned, Door-Single, Garage, Garage Door Opener, Garage Faces Rear, One Space
Open Parking Spaces: 3.0
Parking Total: 6.0
Features / Amenities
Interior Features: AllBedroomsUp
Appliances: Electric Oven, Gas Cooktop
Laundry: Washer Hookup, Gas Dryer Hookup, In Kitchen
Window: Blinds
Common Walls: 1 Common Wall, No One Above, No One Below
Heating: Wall Furnace
Rooms
| Bedroom |
Property Features
Lot Size:
0.15 Acres / 6,717 Sq. Ft.
Lot Features: Item25UnitsAcre
Utilities: Sewer Available, Water Connected
Sewer: Public Sewer
Water: Public
Directions:17th to Santa Ana turn left to Cabrillo
Tax and Financial Info
Buyer Financing: FHA
Gross Income: $75,000
Gross Scheduled Income: $79,800
Net Operating Income: $70,990
Gardener Expense: $1,620
Insurance Expense: $1,900
Maintenance Expense: $3,000
Pest Control Expense: $590
Water/Sewer Expense: $1,700
Operating Expense: $8,810
Terms: Cash
Schools
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Based on information from California Regional Multiple Listing Service, Inc. as of February 8, 2023. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.