266 -276 E. 20th Street, Costa Mesa, CA 92627

$3,820,000

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Sold Price
$3,820,000
List Price
$4,100,000
Closing Date
Apr 11, 2024
Status
CLOSED
MLS#
NP24001121
Year Built
1955
Lot Size
25,388
Acres
0.58
Lot Location
6-10 Units/Acre
Days on Market
8
Property Type
Multifamily
Property Sub Type
Apartment
Stories
One Level
Neighborhood
Eastside Heights (Ehcm)

Property Description

Welcome to 266-276 E. 20th Street in the heart of Costa Mesa's premier Eastside. The side-by-side triplexes sit on two parcels totaling over 25,000 sq.ft. of land on a primarily residential street surrounded by multimillion-dollar homes. All six (6) apartments are single-story, 2-Bedroom/1-Bathroom units, with washer/dryer hookups, private yards, and ample parking including garages and off-street spaces. The seller has completely renovated 5 of the 6 units over the last several years. This is a rare opportunity to own a Turn-Key apartment building where tenants can live in what feels like a Single Family Residence. The property is located just 3 blocks from E. 17th Street shopping and dining, within walking distance to the Upper Newport Back Bay, and surrounded by some of the best public schools in the country. Tenants are also offered easy access to 55 Freeway connecting them to all of Southern California.

Additional Information

Pool Description
None
Heat
Wall Furnace
Cooling Description
None
View
None
Garage Spaces Total
8
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
6
Gross Scheduled Income
$232,954
Operating Expense
68657

Listing courtesy of Listing Agent: Nick Gould (ng@gouldgroupinc.com) from Listing Office: Gould Group Inc.

Listing sold by Nick Gould from Gould Group Inc

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.