Exceptional Investment Opportunity – two detached, well-maintained homes on a large parcel! Located in the rapidly appreciating West Side Costa Mesa area, this property is ideal for investors, developers, or homeowners seeking rental income.Upon arrival, one will find the front home features a spacious, gated front yard. Recently renovated, this residence includes three bedrooms and one full bathroom. The open floor plan offers vaulted ceilings, wood flooring, and a brick fireplace, with immense natural light coming from the skylights and windows. The independent, gated rear yard attached to this house provides the perfect space for private relaxation or entertaining. This front will be vacant and available for lease mid-November, with high interest already expressed by potential future tenants. This home is also actively listed for lease for $3,900 per month. The rear detached home, with its own private, gated backyard, includes four spacious bedrooms and two bathrooms. The open living room and kitchen create a seamless flow, leading to an expansive outdoor area shaded by mature trees for added privacy and tranquility. The current long-term tenant is on a month-to-month lease at $3,600, offering flexibility for future ownership. Each home has a separate laundry area, a one-car garage, and ample off-street parking. Conveniently situated near the vibrant 17th Streetscene and the iconic beaches of Newport Beach, this duplex offers an outstanding opportunity for income generation and capital growth in a highly sought-after location. Zoned for multifamily development, this property presents prime development potential. Don’t miss out on this incredible opportunity!
|
DAYS ON MARKET
|
1
|
LAST UPDATED
|
11/1/2024
|
|
TRACT
|
Westside Costa Mesa South (WSCM)
|
YEAR BUILT
|
1961
|
|
COMMUNITY
|
Southwest Costa Mesa
|
GARAGE SPACES
|
2.0
|
|
COUNTY
|
Orange
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AIR |
None |
| APPLIANCES |
Built-In Range, Disposal, Gas Cooktop, Gas Oven, Gas Range, Water Heater |
| AREA |
Southwest Costa Mesa |
| FIREPLACE |
Yes |
| GARAGE |
Assigned, Yes |
| HEAT |
Forced Air, Wall Furnace |
| HOA DUES |
0 |
| INTERIOR |
All Bedrooms Down, Beamed Ceilings, Bedroom on Main Level, Cathedral Ceiling(s), Ceramic Counters, Open Floorplan, Tile Counters, Unfurnished, Walk-In Closet(s) |
| LOT |
9218 sq ft |
| LOT DESCRIPTION |
2-5 Units/Acre, Back Yard, Front Yard, Landscaped, Lawn, Level, Near Public Transit, Paved, Rectangular Lot, Trees, Yard |
| LOT DIMENSIONS |
71 x 130 |
| PARKING |
Assigned |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
1 |
| STYLE |
Ranch |
| SUBDIVISION |
Westside Costa Mesa South (WSCM) |
| UTILITIES |
Cable Connected,Electricity Connected,Natural Gas Connected,Phone Available,Phone Connected,Sewer Connected,Water Connected,Overhead Utilities |
| VIEW DESCRIPTION |
None |
| WATER |
Public |
| ZONING |
R2 |
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Listed with Arbor Real Estate
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/1/24 10:31 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2024.
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