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970 Valencia Street

Costa Mesa, CA 92626
  • $3,450,000
  • STATUS: Active
  • ON SITE: 21 Days
  • ID#: OC23170012
UPDATED: 159 min ago
$3,450,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Listing Agent(s): Ramin Favakehi of Ramin Favakehi, Broker (949-929-2630)


Description

Located in Mesa Del Mar, West of Costa Mesa, 6 turnkey units 5 of which has central AC systems on a 9583 sq. ft. corner lot. The unit mix is a combination of One 3 BD/2.5 BA , Four 2 BD/ 2 BA, and one 1 BD/1 BA. Four of the units are townhouse style with their own private patios. These units are spacious and well designed featuring a large outdoor landscaped entertainment area for residence to enjoy. Additionally, there are a total of 8 garages for use as an amenity to the tenants coupled with additional storage areas. All units have been renovated, new roof and exterior paint. Excellent rental location and low vacancy rates with ability to increase rents.This building has 6 electric meters, 6 gas meters and 1 water meter. Landlord pays for common area expenses which include water trash services. All tenant specific units are separately metered for electricity and gas. Strategically located near numerous amenities, close to beaches, South Coast Plaza, Disneyland , 73 toll road, 55, 5, 22, and 405 freeways.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-10-03T00:28:54.443. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
www.romerohometeam.com/homes/143299617
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970 Valencia Street Costa Mesa, CA 92626

  • Price: $3,450,000
  • Status: Active
  • On Site: 21 Days
  • Updated: 159 min ago
  • ID#: OC23170012
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1964
Built
Neighborhood:
Mesa Del Mar (Mdma)
County:
Orange
Area:
C4 - Central Costa Mesa
Property Description
Located in Mesa Del Mar, West of Costa Mesa, 6 turnkey units 5 of which has central AC systems on a 9583 sq. ft. corner lot. The unit mix is a combination of One 3 BD/2.5 BA , Four 2 BD/ 2 BA, and one 1 BD/1 BA. Four of the units are townhouse style with their own private patios. These units are spacious and well designed featuring a large outdoor landscaped entertainment area for residence to enjoy. Additionally, there are a total of 8 garages for use as an amenity to the tenants coupled with additional storage areas. All units have been renovated, new roof and exterior paint. Excellent rental location and low vacancy rates with ability to increase rents.This building has 6 electric meters, 6 gas meters and 1 water meter. Landlord pays for common area expenses which include water trash services. All tenant specific units are separately metered for electricity and gas. Strategically located near numerous amenities, close to beaches, South Coast Plaza, Disneyland , 73 toll road, 55, 5, 22, and 405 freeways.
Exterior Features

Entry Level 1 Entry Location First And Second Number Of Separate Electric Meters 6 Parking Total 8 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetVinyl Heating Central Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest Community Apartment Community Features Curbs Electric Standard Garage YN Yes Gross Income 192408 Gross Scheduled Income 192408 Insurance Expense 3709 Land Lease YN No Laundry Features Washer HookupGas Dryer HookupInside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 172763 New Construction YN No Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 19645 Possession Close Of Escrow Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 8160 Utilities Electricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Water Sewer Expense 5736 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-10-03T00:28:54.443. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
 
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Romero Home Team | eXp Realty
865 Aerovista Pl, Suite 120
San Luis Obispo CA, 93401
Listing Agent(s): Ramin Favakehi of Ramin Favakehi, Broker (949-929-2630)