164 Walnut Street, Costa Mesa, CA 92627

$3,200,000

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Sold Price
$3,200,000
List Price
$3,400,000
Closing Date
Jun 25, 2024
Status
CLOSED
MLS#
OC24041909
Year Built
1953
Lot Size
17,424
Acres
0.40
Lot Location
Front Yard, Rectangular Lot
Days on Market
69
Property Type
Multifamily
Property Sub Type
Apartment
Stories
Two Levels

Property Description

Welcome to 164 Walnut in Costa Mesa - the Capital of Cool. This 6-plex is made up of five 2 bed/1 bath units and one 1 bed/1 bath unit, all of which have been renovated. Unit C has washer and dryer hookups, and there are opportunities to have additional hookups in unit A, B, D and potentially unit F. The property is minutes away from the bustling shopping and dining options on 17th Street, is within easy walking distance to the scenic Upper Newport Back Bay and is encircled by some of the nation's top public schools. Additionally, tenants have convenient access to the 55 Freeway, providing seamless connectivity to the entire Southern California region. The property is also adjacent to Newport Blvd, a Measure K corridor, which is slated for substantial redevelopment. With ample parking on site, and tucked away in a quiet cul de sac, and an 89 walk score---come quick! Matterport links available for all units, please inquire.

Additional Information

Appliances
Gas Range, Microwave, Refrigerator, Water Heater
Pool Description
None
Heat
Wall Furnace
Cooling Description
None
View
None
Roof
Shingle
Garage Spaces Total
5
Sewer
Public Sewer
Water
Public
Interior Features
Quartz Counters, Recessed Lighting, Bedroom on Main Level
Attached Structure
Attached
Number Of Units Total
6
Gross Scheduled Income
$224,480
Operating Expense
56965

Listing courtesy of Listing Agent: Christine Morgan (christine@marterra.com) from Listing Office: Marterra Real Estate.

Listing sold by Sean Grange from Compass

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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.