164 Walnut Street , Costa Mesa, CA - 92627 is For Sale

  • OC24041909
  • OC24041909
  • OC24041909
  • OC24041909
  • OC24041909
  • OC24041909
  • OC24041909
  • OC24041909
  • OC24041909
  • OC24041909
  • OC24041909
  • OC24041909
  • OC24041909
  • OC24041909
  • OC24041909
  • OC24041909
  • OC24041909
  • OC24041909
  • OC24041909
  • OC24041909
  • OC24041909
  • OC24041909
  • OC24041909
  • OC24041909
  • OC24041909
$3,400,000· Income 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.

Features

MLS#: OC24041909
List Price : $3,400,000
Total Units : 6
CAP rate : $4.50
Gross Operating Income : $217,746
Net Operating Income : $161,201
Sq M : 1,619 M2
Year Built : 1953
Days on market : 59 Days
Gross taxes : N/A
Address : 164 Walnut Street
City : Costa Mesa
State : CA
Zip Code : 92627
Neighborhood : N/A
Appliances : Gas Range, Microwave, Refrigerator, Water Heater
Fireplace Features : None
Foundation : Slab
Stories : 1
Laundry : Individual Room, Inside
Parking Features : Garage, Garage - Single Door
Sale Type : Standard
Spa : None
View : None
 
Property Type : Residential Income
Original List Price : $3,400,000
Acres : 0.4
Lot Size (Acres) : 0.4
Heating : Wall Furnace
Water : Public
Sewer : Public Sewer
Parking Features : Garage, Garage - Single Door
Pool Desc : None
Security Safety : Carbon Monoxide Detector(s), Smoke Detector(s)
Utilities : Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Interior Features : Quartz Counters, Recessed Lighting
Cooling : None
Flooring : Vinyl
Roofing : Shingle
Rooms : Family Room, Kitchen, Main Floor Bedroom
Driving Directions : From Fullerton, turn onto side street on Walnut
Lot Features : Front Yard, Rectangular Lot
 
Courtesy of : Christine Morgan , Marterra Real Estate

Location

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