2232 2234 Pacific Avenue, Costa Mesa, CA 92627

$2,300,000

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Sold Price
$2,300,000
List Price
$2,300,000
Closing Date
Nov 06, 2024
Status
CLOSED
MLS#
OC24144867
Year Built
1959
Lot Size
15,246
Acres
0.35
Lot Location
Street Level
Days on Market
0
Property Type
Multifamily
Property Sub Type
Quadruplex
Stories
One Level

Property Description

2232 - 2234 Pacific Avenue is a 4-unit multifamily investment property located in Costa Mesa, California. The property offers highly desirable features including single-story construction, garage & surface parking, & private patios or yards. Additionally, the property includes exclusively spacious two-bedroom / one-bathroom units averaging approximately 952 square feet. Residents benefit from 2232 - 2234 Pacific Avenue’s excellent Costa Mesa location, in close proximity of a plethora of parks, trails, and schools. Resident’s enjoy convenient walkable access to Talbert Regional Park, Fairview Park, the Santa Ana River Trail, Victoria Elementary School and Estancia High School. Additionally, the property is situated less than 2.5-miles from Orange Coast College (OCC) and the O.C. Fair & Event Center, two major housing and economic drivers for the area. Furthermore, the property’s location, on the border of Costa Mesa & Huntington Beach, provides residents with easy access to area hotspots including Triangle Square, 17th Street, Pacific City, and South Coast Plaza. Given its Coastal Orange County location, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of area amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 2232 - 2234 Pacific Avenue.

Additional Information

Pool Description
None
Garage Spaces Total
4
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
4
Gross Scheduled Income
$94,380
Operating Expense
36023

Listing courtesy of Listing Agent: Tyler Leeson (tleeson@marcusmillichap.com) from Listing Office: Marcus & Millichap RE Invest.

Listing sold by Debra Shen from Triple-Eight Realty

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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.