116 E 21st Street Costa Mesa, CA 92627

$3,250,000
116 E 21st Street, Costa Mesa, CA 92627
NP18267583

Single Family Home for sale in Costa Mesa, CA

for $3,250,000. This home was built in 1963 on a lot size of 13939.00 Sqft..

Property Information

  • $3,250,000
  • Single Family
  • Active
  • Lot size of 13939.00 Sqft.
  • Built in 1963
  • Costa Mesa, CA
  • Eastside Neighborhood
  • Orange County
  • MLS/Web ID is NP18267583
  • Just Listed

Description

Pride of ownership, 8 Units, located in highly desired East Costa Mesa, one of Orange County's premier rental markets bordering the affluent city of Newport Beach. From this location tenants enjoy convenient access to world class beaches, the Newport Back Bay Trails, a plethora of hip dining establishments and South Coast Plaza, the nation's largest shopping center on the West Coast. The East 21st Street Apartment Homes have been immaculately maintained by the current ownership with several interior and exterior renovations completed. Improvements include dual pane windows, kitchens, cabinets, granite counters, stand-up showers, remote access iron gates, concrete stairs, new asphalt sealcoat, modern exterior paint scheme and much more. A collection of eight spacious 2 bedroom units with an average size of roughly 910 square feet each. The size of the units and the location, have made these units easy to rent, attracted longer-term tenants and has produced solid income. Current rents average $1, 692 and market rents are roughly $1, 975 for similar rentals. An excellent turn-key investment property for an astute investor with roughly 15% of upside in rental income. Attractive Seller Financing terms are being offered to a perspective buyer allowing for a faster, easier closing process. Please call listing agent to discuss potential seller financing terms.

Room Information

  • Laundry Room

Interior 4

Building Amenities

  • Laundry

Room Features

  • Individual Laundry

Sewer

  • Public Sewer

Water Source

  • Public Water

Exterior 3

Garage

  • 4+ Car Carport

Land Improvements

  • Sidewalks

Parking

  • Assigned Parking
  • Parking

† Excluded Feature

Listed By

Broker: INVESTMENT CAPITAL REAL ESTATE

116 E 21st Street, Costa Mesa, CA, 92627 is a Single Family Home for sale at $3,250,000 with a lot size of 13939.00 Sqft.. 116 E 21st Street has 0.0 baths and was built in 1963. The property's zip code is 92627 which is in Costa Mesa, CA

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Market Pricing

Average % of sale price Median % of sale price
All listings in Costa Mesa $1,067,707 67 % below $875,000 73 % below
Single family listings in Costa Mesa $1,078,662 67 % below $899,999 72 % below

Get the facts about Costa Mesa, CA!

Population 113,853
Population Growth (since 2000) 4 %
Median Income $69,992
Median Age 35.59
Households w/ Children 27 %

Residential Dwellings

  • Owned 17172
  • Vacant 2048
  • Rented 24570

Similar Listings

Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363