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    1040 El Camino Drive

    Costa Mesa, CA 92626
    • $1,585,000
    • STATUS: SOLD
    • ON SITE: 196 days
    • ID#: 302581812
    Sold - 09/15/2020
    $1,585,000
    SOLD - 09/15/2020
    • 12
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Costa Mesa Residential Income (Cmri
    Type:
    Multi-Family
    Built:
    1964
    County:
    Orange
    Area:
    Oc - Costa Mesa (92626)

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    Description

    French Tudor 4-plex in desirable Costa Mesa neighborhood has four 3-bedroom, 2 bath units with room to increase rent. Two units were gutted and remodeled in 2009. Two units have private, enclosed patios facing the courtyard. Laundry room has Seller-owned near new coin operated W&D generating an est $300+ per month in revenue. Separately metered gas & electric. 4 garages + 4 on-site parking spaces (8 total parking). Exterior recently painted. Perfectly located: 6 minutes to South Coast or 12 minutes to dow French Tudor 4-plex in desirable Costa Mesa neighborhood has four 3-bedroom, 2 bath units with room to increase rent. Two units were gutted and remodeled in 2009. Two units have private, enclosed patios facing the courtyard. Laundry room has Seller-owned near new coin operated W&D generating an est $300+ per month in revenue. Separately metered gas & electric. 4 garages + 4 on-site parking spaces (8 total parking). Exterior recently painted. Perfectly located: 6 minutes to South Coast or 12 minutes to downtown or the beach in Newport.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
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    1040 El Camino Drive Costa Mesa, CA 92626

    • Price: $1,659,000
    • Status: SOLD
    • Updated: 57 min ago
    • ID#: 302581812
    12
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1964
    Built
    Neighborhood:
    Costa Mesa Residential Income (Cmri
    County:
    Orange
    Area:
    Oc - Costa Mesa (92626)
    Property Description
    French Tudor 4-plex in desirable Costa Mesa neighborhood has four 3-bedroom, 2 bath units with room to increase rent. Two units were gutted and remodeled in 2009. Two units have private, enclosed patios facing the courtyard. Laundry room has Seller-owned near new coin operated W&D generating an est $300+ per month in revenue. Separately metered gas & electric. 4 garages + 4 on-site parking spaces (8 total parking). Exterior recently painted. Perfectly located: 6 minutes to South Coast or 12 minutes to dow French Tudor 4-plex in desirable Costa Mesa neighborhood has four 3-bedroom, 2 bath units with room to increase rent. Two units were gutted and remodeled in 2009. Two units have private, enclosed patios facing the courtyard. Laundry room has Seller-owned near new coin operated W&D generating an est $300+ per month in revenue. Separately metered gas & electric. 4 garages + 4 on-site parking spaces (8 total parking). Exterior recently painted. Perfectly located: 6 minutes to South Coast or 12 minutes to downtown or the beach in Newport.
    Exterior Features

    Fencing Partial Irrigation AutomaticSprinklers Pool N/K Site CurbsSidewalks Units With Patios 2

    Interior Features

    Heat Equipment Forced Air Unit Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 2 Total Baths Unit4 2 Units With Range Oven 4 Units With Refrigerators 0 Units With Washers 2

    Property Features

    Annual Expense Actual 35559 Assessments Yes/Remarks Buildings 1 Gross Rent Multiplier Actual 16.28 Gross Scheduled Income Actual 101880 Possession Close Of Escrow Tenant Pays Cable TvElectricityGas/Propane Terms CashConventionalExchange Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 2150.0 Unit2 Rent Actual 2045.0 Unit3 Rent Actual 2000.0 Unit4 Rent Actual 2045.0 Water Meter On Property

    Listing provided courtesy of Keller Williams Coastal Prop.. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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