131 E 21st ST, Costa Mesa, CA 92627
131 E 21st ST, Costa Mesa, CA 92627
131 E 21st ST, Costa Mesa, CA 92627
131 E 21st ST, Costa Mesa, CA 92627
131 E 21st ST, Costa Mesa, CA 92627
131 E 21st ST, Costa Mesa, CA 92627
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$ 3,490,000
Est. payment | /mo

0.36 Acres Lot


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$ 3,490,000
Est. payment | /mo
Save

0.36 Acres Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Eastside Central (Eccm)

MLS Listing ID OC26116869

HOA Y/N No

Year Built 1961

Lot Size 0.361 Acres

Property Sub-Type Apartment

Property Description

Rare opportunity to acquire a pride-of-ownership 5-unit investment property in the highly sought-after Eastside Costa Mesa rental market, offered for sale for the first time in approximately 27 years. Situated on an expansive approximately 15,746 square foot lot, the property features an attractive cottage-style layout with exceptional tenant appeal in one of Orange County's most desirable coastal submarkets.

The front of the property consists of a charming freestanding 2-bedroom, 1-bath house featuring a large enclosed front yard with a white picket fence, along with a private enclosed rear yard. The rear of the property is comprised of two additional residential buildings featuring two 1-bedroom units and two 2-bedroom units. Each residence offers its own private enclosed yard, patio, or outdoor space, creating a highly desirable residential feel for tenants.

Additional amenities include six enclosed garages, 5 with automatic openers, one of which is currently rented separately for additional income of $250 per month. In-unit washer and dryer hookups. Off-street parking for approximately eight vehicles is a huge tenant appeal.

The property is separately metered for gas and electricity with no house gas or electric meters, helping minimize owner utility expenses. Each unit also has its own individual water heater, with residents paying for their own gas usage. The operating expenses listed only consist of water, trash, current property taxes, current insurance, gardening, and property management.

The property benefits from a stable long-term tenant base and a desirable Eastside Costa Mesa location offering convenient access to Newport Boulevard, the 55 Freeway, beaches, shopping, dining, and major employment centers.

Location

State CA

County Orange

Area C5 - East Costa Mesa

Interior

Interior Features All Bedrooms Down

Heating Wall Furnace

Cooling None

Flooring Carpet, Tile

Fireplace No

Appliance Dishwasher, Gas Oven, Gas Range, Microwave

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Biking, Park, Sidewalks

Roof Type Shingle

Total Parking Spaces 8

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 42618213

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Scott Gerard Gerard Properties Inc. 714-345-4223, DRE #01004111

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131 E 21st ST