122 Magnolia Street, Costa Mesa, CA 92627

$2,038,500

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Sold Price
$2,038,500
List Price
$2,099,000
Closing Date
Mar 14, 2024
Status
CLOSED
MLS#
NP24006846
Year Built
1961
Lot Size
4,028
Acres
0.09
Lot Location
0-1 Unit/Acre
Days on Market
26
Property Type
Multifamily
Property Sub Type
Quadruplex
Stories
Two Levels
Neighborhood
Eastside Central (Eccm)

Property Description

We are pleased to present the sale of 122 Magnolia Street, a 4 unit multifamily property located in Eastside Costa Mesa. Each unit features 1 bedroom, 1 bathroom, and approximately 605 square feet of living space. Each unit boasts laminate flooring, recessed lighting, white cabinetry, quartz countertops, and stainless steel appliances. Each unit is separately metered for gas and electricity and comes with 1 designated parking space per unit. The detached two car garage is leased separately. Other features include dual pane windows, tankless water heaters, and a community laundry area with owed coin operated machines. This asset is located in one of the most desirable rental markets in Orange County and offers tenants close proximity to beaches, parks, Triangle Square, and all the amenities 17th Street has to offer!

Additional Information

Appliances
Dishwasher, Gas Cooktop, Microwave
Pool Description
None
Heat
Wall Furnace
Cooling Description
None
View
None
Roof
Composition
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
Interior Features
Ceiling Fan(s), Quartz Counters, Recessed Lighting
Attached Structure
Detached
Number Of Units Total
4
Gross Scheduled Income
$116,800
Operating Expense
31520

Listing courtesy of Listing Agent: Christopher Maddy (chris@timcarrgroup.com) from Listing Office: Pacific Sotheby's Int'l Realty.

Listing sold by Michael O'Neill II from CB Richard Ellis, Inc.

Mortgage Calculator

Amount of Loan
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Term of Loan
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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.