681 Victoria Street, Costa Mesa, CA 92627

$2,100,000 Approx. USD 0 beds, 0 baths
5,880 sqft

Agent Remarks

641 Victoria Street is a great 7 unit investment opportunity with all units currently rented month-to-month and appear to be below market. Four units are townhouse with 2BR / 1.5 baths with private patios, two units (a 2 BR and a 3 BR) are ground floor units, and one unit is an upstairs 2BR unit. All units have separate gas & electric meters with tenants paying most of those expenses. Units have private rear areas. Costa Mesa zoning map shows the property is zoned R2-MD and the city shows the property lies in the Mesa West Residential Ownership Urban plan which allows an owner to rebuild the existing number of units even if the minimum lot size cannot be met under the current Residential Development Standards. There are two generous parking areas plus two single car garages. The south and west property lines have seen brand new developments built on the contiguous properties. Income shown in the Analysis Section is based on current actual. Actual annual income is $121,452 resulting in net operating income of $99,642.

Listing Details

Property type: (Multi-Family)
Status: Active Under Contract
MLS# OC16176396
List price is $2,100,000
Beds: 0
Baths: 0
Built in 1964
5,880 sqft
2 stories
0.41 acres
Lot size: 18120.000
County: Orange
Zoning: R2
MLS area: C2 - Southwest Costa Mesa

Last Updated: 10/8/2016

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This listing belongs to the C2 - Southwest Costa Mesa MLS area

The listing is zoned R2.
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Lat/Long: 33.651974, -117.926926.
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Broker: Courtesy of Fiduciary Real Estate Services
Listing Agent: Ruben Martinez

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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