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$ 3,799,000
Est. payment | /mo
4 Beds
4 Baths
8,760 Sqft Lot
$ 3,799,000
Est. payment | /mo
4 Beds
4 Baths
8,760 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Eastside Heights (Ehcm)
MLS Listing ID PW26226196
Bedrooms 4
Lot Size 8,760 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
1550 & 1554 Orange Ave includes six updated beach bungalows on a corner lot in a prime Eastside Costa Mesa location. These are two side-by-side triplexes on two separate parcels with two APNs, so each one can be financed conventionally. Buy both together, finance each separately, and keep more options open when its time to refinance or sell. All six are single-story 1-bed/1-bath units with a private yard and an assigned parking space, plus an on-site laundry room. The heavy lifting is done: updated electrical and plumbing, new water heaters, a new concrete driveway, and fresh exterior paint. Unit upgrades vary and include new cabinets and/or vanities, new flooring, and mini-split A/C and heat in every unit. 1554 #B is freshly renovated with a conservative pro forma rent of $2,800. Six electric meters, five gas meters, and two water meters. Newport Beach starts a few blocks away... an easy beach cruiser ride to the sand. The 17th Street shops and restaurants, South Coast Plaza, and the 55/73/405 freeways are minutes away.
Location
State CA
County Orange
Zoning Assessor
Direction Corner of Orange Ave and Knox
Interior
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 42533301
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Christian Walsh, DRE#01804983 Berkshire Hathaway HomeServices California Properties