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Listed by Ryan Anderson, DRE #01939764 • R L M Equities
$1,550,000
Est. payment /mo
6,534 Sqft Lot
Price Dropped by $25K
1383 Baker Costa Mesa, CA 92626
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRNP26216295
Year Built 1960
Lot Size 6,534 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
Fully occupied triplex in central Costa Mesa offering in-place income with roughly 18% rental upside. The property consists of two 2-bed/1-bath units and one 2-bed/1.5-bath two-story townhouse, totaling approx. 2,785 SF on a 6,500 SF lot. Current rents are below market, giving an investor a clear path to increase income as units turn. No utility bill-back program is currently in place, providing an immediate opportunity to implement RUBS. Low operating expenses help preserve cash flow as rents move to market. Garage parking on site. Ideally located near Baker St. retail, TeWinkle Park, South Coast Plaza, Orange Coast College, and quick access to the 405 and 55 freeways.
Location
State CA
County Orange
Area 699 - Not Defined
Interior
Laundry None
Exterior
Garage Spaces 4.0
Pool None
View None
Building
Story One Story
Water District - Public
Others
Tax ID 14119105
Special Listing Condition Not Applicable
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