984 El Camino Drive
Costa Mesa, CA 92626
0.17 acres | #OC24142557
Description
Turnkey with low maintenance requirements. High-Quality, Complete Remodel and Upgrade in 2023. 6 Apts w/Great Income! Prospective tenants come from Irvine & East Side Costa Mesa due to finishes & competitive rent (above market for the neighborhood). Tenants love the area because their kids walk to school from elementary through college. Property has great appeal to everyone without restriction across all demographics. See rental listings from 2023 on Zillow & SoCal MLS for detailed interior pictures. Neighborhood is revitalizing - Future value will approach Eastside Costa Mesa.
Better than average amenities for tenants: Life Source Whole Building Water Filter to keep down scale and water spots on the glass shower doors. Drink from any faucet in the apartment and makes the hair and skin feel fantastic! Hot water recirc pump for instant hot water, Deep stainless sinks w/sprayer faucet on overhead hose. New mailboxes w/package lockers, BBQ area with table, chairs, heater, covering, evening accent lights. Landscaping Kurapia instead of grass - drought tolerant and rarely needs mowing. Designed property for minimal maintenance. Irrigation system & water fountain out front. New sewer drops from second floor (no cracked cast iron sewer pipes!)
All major systems are new: Water heater, electrical panels, larger water connection to street and 2.5" water meter etc. Individual gas and electric meters plus RUBS in place. 6 Ring security cameras and lights. Gated compound - front & rear gates have mechanical (no battery replacement) pushbutton codes for convenient access for tenants, service staff, UPS/FedEx, etc. All units have new heat/AC or ductless minisplits. Lots of light throughout make them desirable for tenants. Apts A and F have yard/patio. Prewired for cable so no ugly wires outside. Walls and ceilings insulated. Refrigerators incl: Apts A, D, E, and F. Quartz counters, euro hinge cabinets with soft close. Soft close toilet lids. New windows, electric garage door openers with battery backup for new steel roll up doors. Every apartment has assigned parking so no hassles for parking for the all the tenants. Apt B upgraded to include deep hot tub with jets, premium appliances, 3 solatube skylights. W/D in lndry are owned. Only $1.25 each (can be increased). Recently serviced to replace washer pump seal. Apts B and E have direct access garages
Locks are all Kwikset SmartKey for easy rekeying between tenants.
Small storage closet for property tools.
Property Details
- Lot DescriptionBackYard, DripIrrigationBubblers, FrontYard, SprinklersInFront, IrregularLot, Lawn, Landscaped, NearPark, SprinklersTimer, SprinklerSyste
- Utility FeaturesCableConnected, ElectricityAvailable, ElectricityConnected, NaturalGasAvailable, NaturalGasConnected, SewerAvailable, SewerConnected, W
- InteriorCeilingFans, CrownMolding, OpenFloorplan, QuartzCounters, Attic, WalkInPantry, WalkInClosets
- Exterior MaterialsAwnings, Barbecue, RainGutters
- Sewer InformationPublicSewer, SewerTapPaid
- SubdivisionMesa Del Mar (MDMA)
- Property TypeMulti-Family
- Original List Price$3,700,000
- MLS #OC24142557
- MLS #OC24142557
- Property SubtypeApartment
- Cost3499000
- Utility SourcePublic
- CountyOrange
- Acres0.17
- Year Built1964
- FoundationSlab
- Stories2
- Parking Spaces4
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Greg Sharp (#SSHARGRE)
Listing Office: Gregory Sharp, Broker (#OC03418)
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