Costa Mesa, CA 92627,758 W 20th Street
Costa Mesa, CA 92627,758 W 20th Street
Costa Mesa, CA 92627,758 W 20th Street
9
Listed by Ramzi Ataya • Engel & Voelkers Newport Beach
Bought with Ramzi Ataya • Engel & Voelkers Newport Beach
$1,775,000
$1,800,000
1.4%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

3,384 SqFt

758 W 20th Street Costa Mesa, CA 92627

Est. payment /mo
SOLD DATE : 11/18/2024

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $1,775,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,384 sqft

Price per Sqft $524

MLS Listing ID CROC24207896

Year Built 1972

Lot Size 9,211 Sqft

Property Description

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 sh

Location

State CA

County Orange

Interior

Heating Forced Air

Cooling No Air Conditioning

Laundry No Hookups

Exterior

View None

Building

Water Public

Read Less


Bay East AOR and Contra Costa AOR

GET MORE INFORMATION

Neil Canlas

Agent | CA BRE# 01777889

+1(415) 527-7070

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.