117, 121, & 125 East Bay Street

Eastside Costa Mesa, CA

SOLD FOR

$4,500,000

THE OFFERING

The East Bay fourplexes consist of three adjacent 4 unit investment properties all with separate APNs. The addresses are 117, 121, and 125 East Bay Street and are situated in one of the most desirable rental markets, “Eastside Costa Mesa”. Each building features four 2 bedroom / 1 bathroom units which are all separately metered for gas/electricity, and are approximately 787 square feet in size. Tenants benefit from on-site laundry, covered garages, close proximity to freeways, beaches, and all the shopping and entertainment 17th street has to offer. This is an amazing opportunity for the savvy investor to acquire three side by side multi-family apartment buildings that are fully leased and offers the opportunity to increase rents and improve on the current cap rate. Don’t miss out on this opportunity.

PROPERTY HIGHLIGHTS

  • 12 total units (each property is 4 units – all 2 bed & 1 bath)
  • Seller would like to sell all three properties together, but would consider selling separately.
  • 9,450 approx. sq. ft. (3,150 per building)
  • 18,294 sq. ft. approx. lot size (6,908 per lot)
  • 787 sq. ft. approx. unit size
  • Separate gas and electric meters
  • Dual pane windows
  • Laminate flooring
  • On-site laundry area
  • Fully-leased buildings

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PRESENTED BY

TIM CARR
949 631 9999
[email protected]
facebook.com/timcarrgroup
@timcarrgroup
DRE No. 01017277

VIEW MORE LISTINGS BY TIM CARR

117, 121, & 125 EAST BAY STREET

COSTA MESA