$1,575,000
Fully occupied triplex in central Costa Mesa offering in-place income with roughly 18% rental upside. The property consists of two 2-bed/1-bath units and one 2-bed/1.5-bath two-story townhouse, totaling approx. 2,785 SF on a 6,500 SF lot. Current rents are below market, giving an investor a clear path to increase income as units turn. No utility bill-back program is currently in place, providing an immediate opportunity to implement RUBS. Low operating expenses help preserve cash flow as rents move to market. Garage parking on site. Ideally located near Baker St. retail, TeWinkle Park, South Coast Plaza, Orange Coast College, and quick access to the 405 and 55 freeways.
Listed by Ryan Anderson with R L M Equities
MLS Property Type
Residential Income
Property Subtype
Apartment
Status
Active
MLS Number
NP26216295
Year Built
1960
Building Size
2,785 sq ft
Units
3
Lot Size
6,534 sq ft
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