984 El Camino Drive, Costa Mesa, CA 92626
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Listed Price :
$3,700,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1964
Property Description
High Quality Remodeled 6 Apts w/Great Income! First extensively remodeled property in the neighborhood which is starting to gentrify. Great upside potential for a long term hold. Prospective tenants come from Irvine & East Side Costa Mesa due to finishes & lower rent. Other tenants love the area because their kids can walk to school from elementary through college. Attracted college students and young professionals, etc. Property has great appeal to everyone without restriction across all demographics. For detailed views of interior, see listings from 2023 on Zillow & SoCal MLS.
Full Remodel & added 2 ADUs in 2023. Better than average amenities for tenants: Life Source Whole Building Water Filter to keep down scale and water spots on the glass shower doors. Drink from any faucet in the apartment and makes the hair and skin feel fantastic! BBQ area with table, chairs, heater, covering, evening accent lights. Landscaping is mostly Kurapia instead of grass, which is drought tolerant and rarely needs mowing. Designed property for minimal maintenance. Irrigation system & water fountain out front. New sewer drops from second floor (no cracked sewer pipes!)
All major systems are new: Water heater, electrical panels, larger water connection to street and 2.5" water meter etc. Individual gas and electric meters plus RUBS in place as well. 6 Ring security cameras and lights around the property. Gated front & rear gates with pushbutton codes for convenient access for tenants, service staff, UPS/FedEx, etc. All units have heat/AC or ductless minisplits. Lots of light throughout make them desirable for tenants. Apts A and F have yard/patio. Prewired for cable so no ugly wires outside. Recirc pump for the hot water. Walls and ceilings insulated. Refrigerators incl: Apts A, D, E, and F. Quartz counters, euro hinge cabinets with soft close. Soft close toilet lids. New windows, electric garage door openers with battery backup for new steel roll up doors. Every apartment has assigned parking so no hassles for parking for the all the tenants. Apt B upgraded to include soaking tub, 3 solatube skylights and upgraded appliances. Deep, stainless sinks w/sprayer faucet on overhead hose. W/D in lndry are owned. Only $1.25 each (can be increased). Recently serviced to replace washer pump seal.
Locks are all Kwikset SmartKey for easy rekeying between tenants. All apts have great natural light.
Small storage closet for property tools. NOTE: Listed features vary by Apt
Interior Features
| Laundry Information |
| Location(s) |
Common Area, Washer Hookup, Gas Dryer Hookup, Laundry Room |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Flooring Information |
| Material |
Laminate |
| Interior Information |
| Features |
Ceiling Fan(s), Crown Molding, Open Floorplan, Quartz Counters, Attic, Walk-In Pantry, Walk-In Closet(s) |
| Cooling Type |
Central Air, ENERGY STAR Qualified Equipment, High Efficiency |
Listing Information
| Address |
984 El Camino Drive |
| City |
Costa Mesa |
| State |
CA |
| Zip |
92626 |
| County |
Orange |
| Listing Agent |
Greg Sharp DRE #01315113 |
| Courtesy Of |
Gregory Sharp, Broker |
| List Price |
$3,700,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Apartment |
| Structure Size |
N/A |
| Lot Size |
7,405 |
| Year Built |
1964 |
Listing information courtesy of: Greg Sharp, Gregory Sharp, Broker. *Based on information from the Association of REALTORS/Multiple Listing as of Jul 30th, 2024 at 7:41 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
