Costa Mesa, CA 92627 2232 2234 Pacific Avenue
$2,300,000
Pending
7 more
Presented By: Tyler Leeson with Marcus & Millichap RE Invest; [email protected]
Home Details
2232 - 2234 Pacific Avenue is a 4-unit multifamily investment property located in Costa Mesa, California. The property offers highly desirable features including single-story construction, garage & surface parking, & private patios or yards. Additionally, the property includes exclusively spacious two-bedroom / one-bathroom units averaging approximately 952 square feet. Residents benefit from 2232 - 2234 Pacific Avenue’s excellent Costa Mesa location, in close proximity of a plethora of parks, trails, and schools. Resident’s enjoy convenient walkable access to Talbert Regional Park, Fairview Park, the Santa Ana River Trail, Victoria Elementary School and Estancia High School. Additionally, the property is situated less than 2.5-miles from Orange Coast College (OCC) and the O.C. Fair & Event Center, two major housing and economic drivers for the area. Furthermore, the property’s location, on the border of Costa Mesa & Huntington Beach, provides residents with easy access to area hotspots including Triangle Square, 17th Street, Pacific City, and South Coast Plaza. Given its Coastal Orange County location, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of area amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 2232 - 2234 Pacific Avenue.
Presented By: Tyler Leeson with Marcus & Millichap RE Invest; [email protected]
Interior Features for 2232 2234 Pacific Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories1
Other Rooms
Entry Level1
General for 2232 2234 Pacific Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate2.4
Carport Y/NNo
CityCosta Mesa
Community FeaturesCurbs, Gutters, Sidewalks
CountyOrange
Days on Market54
DirectionsCross Streets of Pacific Avenue & Victoria Street
Electric Expense518.0
Electric On Property Y/NNo
Entry LocationFirst level
Fuel Expense520.0
Garage Spaces4.0
Garage Y/NYes
Gross Income94380.0
HOA0.0
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense3000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet15246.0
Lot Size UnitsAcres
MLS Area699 - Not Defined
MaintenanceExpense2400.0
MobileHomeRemainsYNNo
Net Operating Income55526.0
New ConstructionNo
NumberOfUnitsTotal4
Operating Expense36023.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories1
Tax Lot60
Taxes$24,111
TermsCash, CashToNewLoan, Exchange1031
Trash Expense518.0
View Y/NNo
Water Sewer Expense518.0
Waterfront Y/NNo
Year Built1959
Year Built SourceAssessor
Exterior for 2232 2234 Pacific Avenue
Building Area Total3808.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesStreetLevel
Lot Size Acres0.35
Lot Size Area0.35
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking4.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480