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Key Details
Sold Price $1,795,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Other (Othr)
MLS Listing ID OC21209633
Sold Date 11/03/21
HOA Y/N No
Year Built 1968
Lot Size 7,405 Sqft
Property Description
RARE SOUTH COAST METRO COVINGTON 4-PLEX. Walking distance to South Coast Plaza!!! Across from Calvary Chapel and only 2 blocks out of Costa Mesa. Easy Access to the 405 Freeway. Single Story Three bedroom unit was completely remodeled in September 2020 with approximately $65,000 spent on the remodel. Shows like a model home. Virtually everything is new and beautifully done. It has a beautiful spacious patio completely redone in cement pavers. No Tenants above this 3 bedroom unit. This 3 bedroom unit would be highly desirable for an owner occupant or investor. Each unit has a 1 car enclosed garage and all units have washer and dryer hook-ups in their garages. Also, each unit has it's own separate water heater resulting in lower owner expense because of the tenants paying to heat their water instead of the landlord. The (2) two 2br - 2ba units are large with excellent layouts and large master bedrooms. All units have forced air heaters with the exception of the 2br - 1ba unit above the garages which has a wall heater. In 2020, all decks were replaced and all wood railings around the decks were also replaced. The rents shown for units 2, 3 and 4 are effective as of November 1, 2021. This is truly a rare opportunity to own one of the nicest 4-Plexes in this South Coast Metro tract of 4-Plexes. All tenants are on month to month rental agreements. All units are occupied. All rents are current with good paying tenants. This one won't last long. So hurry with your 4-Plex Buyers!!!
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Interior
Heating Central, Wall Furnace
Fireplaces Type Living Room
Fireplace Yes
Laundry Common Area, Washer Hookup, Gas Dryer Hookup
Exterior
Parking Features Garage, On Site, Off Street, Garage Faces Rear, One Space, On Street
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Total Parking Spaces 7
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 41402215
Energy Description 277.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Maher Haroun • First Team Real Estate
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Monique H. Ott-Beacham
Broker | License ID: DRE #01448692
Broker License ID: DRE #01448692