$3,800,000
$4,450,000
14.6%For more information regarding the value of a property, please contact us for a free consultation.
0.33 Acres Lot
SOLD DATE : 10/03/2024
Key Details
Sold Price $3,800,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NP24059586
Sold Date 10/03/24
HOA Y/N No
Year Built 1964
Lot Size 0.333 Acres
Property Description
Welcome to 1012 & 1018 Mission Drive in the Mesa Del Mar enclave of Costa Mesa. These adjacent four-unit apartment buildings showcase an array of 2-bedroom/1.5-bathroom townhouse-style units, each accompanied by its own private yard. With an average unit size of approximately 1,175 square feet, these residences epitomize comfortable living. The property boasts a substantial community courtyard nestled between the two buildings. Notably,
the seller has recently renovated four of the eight units since 2021, creating an attractive prospect for savvy investors to enhance the remaining four units and leverage competitive market rents.
Tenants are offered garages and off-street parking, along with dedicated laundry rooms within each building. The strategic location of the property ensures easy accessibility to the best of Costa Mesa, including renowned destinations such as South Coast Plaza, The Camp, The LAB, and the Harbor Blvd shopping corridor. Additionally, tenants enjoy seamless connectivity with quick access to major freeways, including the 405, 55, and 73 Freeways. This property not only promises a secure investment but also positions itself as an inviting residential haven at the heart of Costa Mesa's vibrant offerings.
Location
State CA
County Orange
Area 699 - Not Defined
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned, Garage, Off Street, Private
Garage Spaces 8.0
Garage Description 8.0
Fence Block
Pool None
Community Features Biking, Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks
View Y/N No
View None
Total Parking Spaces 14
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 14166208
Energy Description 4200.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Nick Gould • Gould Group Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "