758 W 20th Street, Costa Mesa, CA 92627 (MLS # OC24207896)

Save to Favorites
Print
Share
PRICE $1,800,000 dsIDX morgage calculator
BEDS n/a
BATHS 0
HOME SIZE 3,384 sqft
LOT SIZE 9,213 sqft

Unlock the potential of this four-unit property in a prime Westside location of Costa Mesa! This property offers tremendous upside potential for investors looking to capitalize on below-market rents and increasing equity. Each of the four 2-bedroom, 1-bathroom units comes with its own garage, offering a desirable and convenient layout for tenants. All units are currently tenant-occupied on a month-to-month basis, presenting an incredible opportunity for the new owner to make upgrades and increase rents to market levels. With rents currently well below market value, this property is ideal for an investor looking to renovate and reposition. Inquire with the City to see if an ADU can be constructed either on top of the garage or built on the existing large 9,211 sqft lot. Market rents in the area for similar units are estimated at $2,700 per unit, giving the new owner the chance to bring the monthly gross income to over $11,000, and offers the investor a fantastic opportunity with generating a 5%+ cap rate; thereby making it an excellent addition to any real estate portfolio. Whether you’re an experienced investor or looking for your first multi-unit property, this gem of a building promises long-term growth and significant returns. Situated in a highly desirable area, close to shopping, dining, freeway and just minutes from the beach, this is a can't-miss opportunity for those seeking both cash flow and future appreciation. Whether you plan to improve and hold...or renovate and resell, the upside is undeniable. This is your chance to create significant equity while tapping into the strong rental demand in this vibrant community. This is your chance to secure a property with significant equity upside and tap into Costa Mesa’s growing rental market. Don’t miss out—opportunities like this are few and far between!

DAYS ON MARKET 23 LAST UPDATED 10/23/2024
TRACT ,Westside Costa Mesa YEAR BUILT 1972
COMMUNITY Southwest Costa Mesa GARAGE SPACES 4.0
COUNTY Orange STATUS Conditional
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR None
AREA Southwest Costa Mesa
GARAGE Yes
HEAT Forced Air
HOA DUES 0
LOT 9211 sq ft
LOT DESCRIPTION 0-1 Unit/Acre
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
SUBDIVISION ,Westside Costa Mesa
VIEW DESCRIPTION None
WATER Public
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

0
P
I
*Estimate only

SATELLITE VIEW



 
CONTACT US ABOUT 758 W 20TH STREET
 / 
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Ben Salem to contact you even if your name is on a Federal or State "Do not call List".

Listed with Engel & Voelkers Newport Beach

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 10/29/24 8:20 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.

Compare listings

Compare