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2168 Placentia Avenue

Costa Mesa, CA 92627
  • $3,100,000
  • STATUS: Active Under Contract
  • ON SITE: 13 Days
  • ID#: NP24029247
Under Contract
UPDATED: 48 min ago
$3,100,000
  • 0
    BEDS
  • 0.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
N/A
Type:
Multi-Family
Built:
1961
County:

School Ratings & Info

Listing Agent(s): Daniel Morgan of Marterra Real Estate (949-432-5054) and Christine Morgan of ()


Description

Welcome to 2168 Placentia in Costa Mesa - the Capital of Cool. Two newly constructed additional units added in 2023, each with 2 bedrooms, 2 baths, in-unit laundry, paid off solar panels and attached garages and are separately metered. The other four units have all been renovated with new kitchens, bathrooms, flooring, re-piped with pex, upgraded electrical and subpanels. A new roof is currently being replaced on one of the buildings. The location benefits from being within a Measure K corridor and adjacent to a Qualified Opportunity Zone. Located close to desirable retail, shopping, bike and walkability, and Orange County's best beaches.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-24T21:33:04.94. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
www.reiferhomes.com/homes/147514226
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2168 Placentia Avenue Costa Mesa, CA 92627

  • Price: $3,100,000
  • Status: Active Under Contract
  • On Site: 13 Days
  • Updated: 48 min ago
  • ID#: NP24029247
0
Beds
0
Baths
0
½ Baths
0.4
Acres
1961
Built
Neighborhood:
N/A
County:
Orange
Area:
C2 - Southwest Costa Mesa
Property Description
Welcome to 2168 Placentia in Costa Mesa - the Capital of Cool. Two newly constructed additional units added in 2023, each with 2 bedrooms, 2 baths, in-unit laundry, paid off solar panels and attached garages and are separately metered. The other four units have all been renovated with new kitchens, bathrooms, flooring, re-piped with pex, upgraded electrical and subpanels. A new roof is currently being replaced on one of the buildings. The location benefits from being within a Measure K corridor and adjacent to a Qualified Opportunity Zone. Located close to desirable retail, shopping, bike and walkability, and Orange County's best beaches.
Exterior Features

Entry Level 1 Entry Location 1 Fencing Wood Foundation Details Slab Lot Features Rectangular Lot Number Of Separate Electric Meters 6 Parking Features AssignedDriveway Up Slope From StreetGarage Parking Total 6 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Shingle Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Gas RangeRefrigerator Common Walls 1 Common WallNo One AboveNo One Below Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring TileVinyl Heating Wall Furnace Heating YN Yes Interior Features Recessed LightingAll Bedrooms DownBedroom on Main LevelMain Level Primary Window Features Double Pane Windows

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.6 Common Interest Community Apartment Community Features Street LightsSidewalks Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 205812 Gross Scheduled Income 204912 Inclusions All seller owned appliances Insurance Expense 2575 Land Lease YN No Laundry Features Inside Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan1031 Exchange Net Operating Income 143204 New Construction YN No Number Of Separate Gas Meters 6 Number Of Separate Water Meters 3 Operating Expense 56434 Possession Close Of Escrow Property Condition Additions/AlterationsUpdated/RemodeledTurnkey Property Sub Type Apartment Rent Control YN Yes Security Features Carbon Monoxide Detector(s)Smoke Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance Rate 3 Water Sewer Expense 2200 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-24T21:33:04.94. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
 
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COMPASS
6930 Indiana Ave, Suite 1
Riverside CA, 92506
Listing Agent(s): Daniel Morgan of Marterra Real Estate (949-432-5054) and Christine Morgan of ()