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Key Details
Sold Price $1,795,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC21209633
Sold Date 11/03/21
Bedrooms 9
HOA Y/N No
Lot Size 7,596 Sqft
Property Description
RARE SOUTH COAST METRO COVINGTON 4-PLEX. Walking distance to South Coast Plaza!!! Across from Calvary Chapel and only 2 blocks out of Costa Mesa. Easy Access to the 405 Freeway. Single Story Three bedroom unit was completely remodeled in September 2020 with approximately $65,000 spent on the remodel. Shows like a model home. Virtually everything is new and beautifully done. It has a beautiful spacious patio completely redone in cement pavers. No Tenants above this 3 bedroom unit. This 3 bedroom unit would be highly desirable for an owner occupant or investor. Each unit has a 1 car enclosed garage and all units have washer and dryer hook-ups in their garages. Also, each unit has it's own separate water heater resulting in lower owner expense because of the tenants paying to heat their water instead of the landlord. The (2) two 2br - 2ba units are large with excellent layouts and large master bedrooms. All units have forced air heaters with the exception of the 2br - 1ba unit above the garages which has a wall heater. In 2020, all decks were replaced and all wood railings around the decks were also replaced. The rents shown for units 2, 3 and 4 are effective as of November 1, 2021. This is truly a rare opportunity to own one of the nicest 4-Plexes in this South Coast Metro tract of 4-Plexes. All tenants are on month to month rental agreements. All units are occupied. All rents are current with good paying tenants. This one won't last long. So hurry with your 4-Plex Buyers!!!
RARE SOUTH COAST METRO COVINGTON 4-PLEX. Walking distance to South Coast Plaza!!! Across from Calvary Chapel and only 2 blocks out of Costa Mesa. Easy Access to the 405 Freeway. Single Story Three bedroom unit was completely remodeled in September 2020 with approximately $65,000 spent on the remodel. Shows like a model home. Virtually everything is new and beautifully done. It has a beautiful spacious patio completely redone in cement pavers. No Tenants above this 3 bedroom unit. This 3 bedroom unit would be highly desirable for an owner occupant or investor. Each unit has a 1 car enclosed garage and all units have washer and dryer hook-ups in their garages. Also, each unit has it's own separate water heater resulting in lower owner expense because of the tenants paying to heat their water instead of the landlord. The (2) two 2br - 2ba units are large with excellent layouts and large master bedrooms. All units have forced air heaters with the exception of the 2br - 1ba unit above the garages which has a wall heater. In 2020, all decks were replaced and all wood railings around the decks were also replaced. The rents shown for units 2, 3 and 4 are effective as of November 1, 2021. This is truly a rare opportunity to own one of the nicest 4-Plexes in this South Coast Metro tract of 4-Plexes. All tenants are on month to month rental agreements. All units are occupied. All rents are current with good paying tenants. This one won't last long. So hurry with your 4-Plex Buyers!!!
Location
State CA
County Orange
Area Oc - Santa Ana (92704)
Zoning Public Rec
Building
Lot Description Sidewalks
Story 2
Lot Size Range 7500-10889 SF
Level or Stories 2 Story
Others
Acceptable Financing Cash
Space Rent $2,850
Listing Terms Cash
Financing Cash
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Kobe Zimmerman
Berkshire Hathaway Home Services California Properties
kobezimmerman@bhhscalifornia.com +1(858) 753-3353Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Maher Haroun • First Team Real Estate