2097 Wallace Avenue, Costa Mesa, California 92627
  • $1,850,000

Overview

Property ID: PW24083652
  • Triplex, Residential Income
  • Property Type
  • 2.0
  • Garages
  • 2344 Sqft
  • Area Size
  • 1958
  • Year Built

Description

Introducing an attractive investment opportunity at 2097 Wallace in the vibrant city of Costa Mesa, California. This modern, cottage-style triplex presents a compelling value with a strong 5.2% capitalization rate. Each of the three units has been meticulously renovated to offer high-end, contemporary living spaces. Features include new flooring, fresh interior and exterior paint, and fully updated kitchens with granite countertops and shaker cabinets. Bathrooms have full tile showers making them instantly appealing to prospective tenants. The property includes essential appliances such as refrigerators and gas stoves, along with ceiling fans throughout, enhancing tenant comfort and appeal. Each unit benefits from its own private yard, a desirable feature for all types of tenants including those with children or pets. Individual laundry hookups add a layer of convenience. Secure this turnkey property to capitalize on its excellent location and modern amenities, ensuring a steady revenue stream and robust return on investment. Unit Mix: 3 Units. Each unit has 2 Beds | 1 Bath | 750 sqft. Individual yards and laundry hookups. Detached two car garage could be additional revenue or potential ADU for a 4th Unit. Each unit is separately metered for gas and electric. New: Roof, Kitchens, Bathrooms, Sub Panels, Plumbing, Doors, Fencing and Irrigation.

  • Address: 2097 Wallace Avenue
  • City: Costa Mesa
  • State/county: CA
  • Zip/Postal Code: 92627
  • Country: US

Details

Updated on June 8, 2024 at 12:28 pm
  • Property ID PW24083652
  • Price $1,850,000
  • Property Size 2344 Sqft
  • Land Area 0.1729 Acres
  • Garages 2.0
  • Year Built 1958
  • Property Type Triplex, Residential Income
  • Property Status Closed

Additional details

  • Listing Terms Cash to New Loan
  • Roof Shingle
  • Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Sewer Public Sewer
  • Cooling None
  • Heating Wall Furnace
  • Flooring Vinyl
  • County Orange
  • Property Type Residential Income
  • Pool None
  • Parking None
  • Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks
  • Architectural Style Cottage

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