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    181 Costa Mesa Street

    Costa Mesa, CA 92627
    • $1,760,000
    • STATUS: Active Under Contract
    • ON SITE: 54 days
    • ID#: NP20244687
    Under Contract
    UPDATED: 18 min ago
    $1,760,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,356
      SQFT
    • $747
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    Two exquisitely remodeled detached homes on one lot in the premier rental haven of Eastside Costa Mesa - ready for immediate occupancy. Situated blocks from Newport Beach, Back Bay, 17th Street dining & shopping, the Triangle, stellar Newport-Mesa schools and more. The front home features three stunning bedrooms and two elegant bathrooms, new pristine kitchen with white shaker cabinetry, elegant backsplash, quartz counters, stainless appliances, new Provenza Affinity flooring, two completely remodeled designer bathrooms, new a/c, new roof, interior laundry, front yard, fenced courtyard. The second home has two bedrooms, two opulently remodeled bathrooms, new kitchen with stainless appliances, quartz, vaulted ceiling, skylights pouring in natural light, front porch and patio. Moreover, there are two garages, each accommodating two cars, one featuring a significantly sized work space that may also suffice as a modest home office, gym or hobby room or may qualify to be converted to an ADU. (Buyer to verify ADU qualifications/requirements with the city; contact for additional information). Security systems, smart home climate, exceptional Newport-Mesa schools, walk to bars and restaurants, bike to Newport Beach, Back Bay and beyond. These properties are turn-key, a ready addition to any portfolio, owner-user, great tenants, inlaws, expansive home office, the kids home from college, home schooling, or just a heck of a lot of space, the potential for these two units is endless.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-15T20:32:04.483. 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 Compass. Licensed in the State of California, USA.

    www.sandiegohomesdirect.com/homes/112117069
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    181 Costa Mesa Street Costa Mesa, CA 92627

    • Price: $1,760,000
    • Status: Active Under Contract
    • Updated: 18 min ago
    • ID#: NP20244687
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,356
    SQFT
    $747
    $/SQFT
    1953
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    C5 - East Costa Mesa
    Property Description
    Two exquisitely remodeled detached homes on one lot in the premier rental haven of Eastside Costa Mesa - ready for immediate occupancy. Situated blocks from Newport Beach, Back Bay, 17th Street dining & shopping, the Triangle, stellar Newport-Mesa schools and more. The front home features three stunning bedrooms and two elegant bathrooms, new pristine kitchen with white shaker cabinetry, elegant backsplash, quartz counters, stainless appliances, new Provenza Affinity flooring, two completely remodeled designer bathrooms, new a/c, new roof, interior laundry, front yard, fenced courtyard. The second home has two bedrooms, two opulently remodeled bathrooms, new kitchen with stainless appliances, quartz, vaulted ceiling, skylights pouring in natural light, front porch and patio. Moreover, there are two garages, each accommodating two cars, one featuring a significantly sized work space that may also suffice as a modest home office, gym or hobby room or may qualify to be converted to an ADU. (Buyer to verify ADU qualifications/requirements with the city; contact for additional information). Security systems, smart home climate, exceptional Newport-Mesa schools, walk to bars and restaurants, bike to Newport Beach, Back Bay and beyond. These properties are turn-key, a ready addition to any portfolio, owner-user, great tenants, inlaws, expansive home office, the kids home from college, home schooling, or just a heck of a lot of space, the potential for these two units is endless.
    Exterior Features

    Garage Spaces 4.00 Lot Features Front YardLandscapedLawnRectangular LotLevel Lot Size Source Estimated Lot Size Units Square Feet Parking Features DrivewayGarageGarage Faces RearGarage - Two DoorGarage Door OpenerPrivate Parking Total 8.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Uncovered Spaces 4.00

    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 Cooling Central AirSee Remarks Cooling YN Yes Fireplace Features Guest HouseLiving Room Fireplace YN Yes Heating CentralSee Remarks Heating YN Yes Laundry Features Individual RoomInsideWasher Hookup Levels OneTwo

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cable Tv Expense 0.00 Cap Rate 4.00 Community Features GuttersStreet LightsSuburban Country Us Electric Expense 0.00 Elevation Units Feet Exclusions Staging items Fuel Expense 0.00 Furniture Replacement Expense 0.00 Gardener Expense 900.00 Gross Income 0.00 Gross Multiplier 18.10 Gross Operating Income 94284.00 Gross Scheduled Income 97200.00 Insurance Expense 1800.00 Land Lease YN No Laundry YN Yes Maintenance Expense 3240.00 Maintenance Percent 3.00 Net Operating Income 69711.00 New Construction YN No New Taxes Expense 17600.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Operating Expense 24573.00 Pest Control Expense 0.00 Pool Expense 0.00 Professional Management Expense 0.00 Property Sub Type Duplex Rent Control YN No Security Expense 0.00 Security Features Security SystemWired For Alarm System Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other None Supplies Expense 0.00 Total Expenses 25273.00 Trash Expense 558.18 Utilities Sewer Connected Vacancy Allowance 2916 Vacancy Allowance Rate 3.00 Water Sewer Expense 474.60 Water Source Public Workmans Compensation Expense 0.00 Year Built Source Assessor

    Listing provided courtesy of Devin Lucas of Villa Real Estate and Courtney Lucas of Villa Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-15T20:32:04.483. 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 Compass. Licensed in the State of California, USA.

     
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