220 Monte Vista Avenue, Costa Mesa, CA 92627

$1,679,000
1,915
SqFt
List Price
$1,679,000
Status
ACTIVE UNDER CONTRACT
MLS#
NP21006350
Year Built
1963
Living Sq. Ft
1,915
Lot Size
6,750
Acres
0.155
Lot Location
Back Yard, Front Yard, Garden, Landscaped, Rectangular Lot, Level, Park Nearby, Sprinkler System, Treed Lot, Yard
Days on Market
16
Property Type
Multifamily
Style
Bungalow, Ranch
Stories
One Level
Builders Tract Code
Eastside South (ESCM)
Neighborhood
Eastside South (Escm)

Property Description

The ideal income property with 3 freestanding structures and the curb appeal of one of the most charming single family streets in desirable Eastside Costa Mesa. The front cottage is a 3 bed, 2 bath remodeled home with newer fixtures, yet with all the charm in tact with timeless finishes. It enjoys its own front patio. The middle unit features a large 1-bedroom with vaulted ceilings and light filled living room and kitchen that surrounds a private interior courtyard. Both units have AC and individual laundry. In the rear is the garage/studio apartment with two sets of French doors that open for an indoor/outdoor feel. The flagstone paved and lushly landscaped side yard functions as promenade, garden and communal space. Adjacent to the rear studio is additional shared yard and storage. Generating excellent income and low turnover, this is a fantastic investment for a 1031 exchange candidate, an owner-user, or for your first foray into owning rental property. Nearby shady Brentwood Park with tot lot, Back Bay trails, 17th Street retail, Mariners Branch Library, tennis & basketball courts, freeway & beach access, and major employment centers make this one of the most coveted locations for renters.

Additional Information

Tract Number
300
Lot Description
Carbon Monoxide Detector(s), Smoke Detector(s), Biking, Hiking, Gutters, Park, Storm Drains, Street Lights, Suburban
Appliances
Dishwasher, Disposal, Gas Oven, Gas Cooktop, Gas Water Heater, Tankless Water Heater
Pool Description
None
Fireplace Description
None
Heat
Central, Forced Air
Cooling
Yes
Cooling Description
Central Air, See Remarks
View
None
Exterior Construction
Brick, Stucco
Roof
Composition
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
3
Gross Scheduled Income
$90,300
Operating Expense
19232
Unit One Total Units
1
Unit One Beds
3
Unit One Baths
2
Unit One Actual Rent
3375.00
Unit One Total Rent
3375.00
Unit One Pro Forma
3500
Unit One Furnished
Unfurnished
Unit Two Total Units
1
Unit Two Beds
1
Unit Two Baths
1
Unit Two Actual Rent
2400.00
Unit Two Total Rent
2400.00
Unit Two Pro Forma
2500
Unit Two Furnished
Unfurnished
Unit Three Total Units
1
Unit Three Baths
1
Unit Three Actual Rent
1750.00
Unit Three Total Rent
1750.00
Unit Three Pro Forma
1800
Unit Three Furnished
Unfurnished

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Calculator source: Real Geeks

Listing courtesy of Grant Bixby from Compass

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.