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Key Details
Sold Price $2,040,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Mesa Verde Residential Income (Mvri)
MLS Listing ID PW25018717
Sold Date 03/06/25
HOA Y/N No
Year Built 1969
Lot Size 8,712 Sqft
Property Sub-Type Quadruplex
Property Description
A rare investment opportunity in the highly sought-after Mesa Verde "Spice Streets"! This well-maintained fourplex boasts 4,966 square feet of living space on an 8,700 square foot lot, offering a solid income stream with long-term tenants in place and significant upside potential for rental growth. The property features a mix of three 2-bed/2-bath units and one spacious 3-bed/2-bath unit with a private master bath, fireplace, and laundry in unit. Parking is plentiful with enclosed garage spaces and two uncovered spaces, plus an on-site laundry facility for tenant convenience. Each unit is separately metered for gas and electricity. Tenants enjoy easy access to local parks, shopping and dining spots, and major freeways, including the 405 and 55. Don't miss this incredible investment opportunity in one of Costa Mesa's best multifamily communities!
Location
State CA
County Orange
Area C1 - Mesa Verde
Interior
Fireplace No
Appliance Washer
Laundry Common Area, Washer Hookup
Exterior
Parking Features Assigned, Door-Multi, Door-Single, Garage, Garage Faces Rear
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Sidewalks, Park
Total Parking Spaces 7
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Landscaped, Near Park, Sprinkler System, Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 13955110
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Trust
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Bought with Susie McKibben • Compass
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David Burchell
Team Leader & Realtor | License ID: #02033130
Team Leader & Realtor License ID: #02033130