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    2039 Pomona Avenue

    Costa Mesa, CA 92627
    • $2,550,000
    • STATUS: Active
    • ON SITE: 14 days
    • MLS #: NP21000754
    UPDATED: 24 min ago
    $2,550,000
    • 0
      BEDS
    • 0.42
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,495
      SQFT
    • $567
      $/SQFT
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    Unique and rare 7 unit building on Westside Costa Mesa on a large buildable lot. Property consists of one free standing 1bd/1ba cottage with good sized yard, a duplex with two 1bd/1ba units and private patios, one upstairs studio, one upstairs 2bd/1ba apartment, another free standing 2bd/1ba unit with a large private yard and a free standing home with a private back yard. Corner lot with good light, 6 or 7 enclosed garages plus off-street and on-street parking. Property has lots of potential and upside. Presently leased to one non-profit entity but may be delivered vacant which would be great for a rehab opportunity. There is also a small storage building. At one time you could build 6 units, there, but you would need to check with city on present zoning requirements. PLEASE NOTE INCOME IS BASED ON PRO-FORMA, call for details.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-18T07:26:32.813. 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 Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

    www.desertareahomesforsale.com/homes/112973439
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    2039 Pomona Avenue Costa Mesa, CA 92627

    • Price: $2,550,000
    • Status: Active
    • Updated: 24 min ago
    • MLS #: NP21000754
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.42
    Acres
    4,495
    SQFT
    $567
    $/SQFT
    1955
    Built
    Neighborhood:
    Westside Costa Mesa South (Wscm)
    County:
    Orange
    Area:
    C2 - Southwest Costa Mesa
    Property Description
    Unique and rare 7 unit building on Westside Costa Mesa on a large buildable lot. Property consists of one free standing 1bd/1ba cottage with good sized yard, a duplex with two 1bd/1ba units and private patios, one upstairs studio, one upstairs 2bd/1ba apartment, another free standing 2bd/1ba unit with a large private yard and a free standing home with a private back yard. Corner lot with good light, 6 or 7 enclosed garages plus off-street and on-street parking. Property has lots of potential and upside. Presently leased to one non-profit entity but may be delivered vacant which would be great for a rehab opportunity. There is also a small storage building. At one time you could build 6 units, there, but you would need to check with city on present zoning requirements. PLEASE NOTE INCOME IS BASED ON PRO-FORMA, call for details.
    Exterior Features

    Architectural Style Bungalow Fence YN Yes Fencing Wood Foundation Details Slab Garage Spaces 7.00 Lot Features 6-10 Units/AcreCorner Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Features Covered Parking Total 7.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Roof Shingle Spa Features None Spa YN No View None View YN No

    Interior Features

    Appliances Gas OvenGas Range Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Heating Wall FurnaceNatural Gas Heating YN Yes Laundry Features Common Area Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.21 Community Features CurbsStreet Lights Country Us Current Financing Conventional Electric Expense 0.00 Elevation Units Feet Exclusions Tenant Property Fuel Expense 0.00 Gardener Expense 1350.00 Gross Income 107370.00 Gross Multiplier 16.35 Gross Scheduled Income 156000.00 Inclusions Landlord Owned Property Insurance Expense 3000.00 Land Lease YN No Laundry YN Yes Net Operating Income 107370.00 New Construction YN No New Taxes Expense 30600.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 0 Operating Expense 48630.00 Professional Management Expense 7800.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Westside Costa Mesa South (Wscm) Tenant Pays ElectricityGas Total Expenses 48630.00 Trash Expense 2880.00 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 3000.00 Water Source Public Year Built Source Assessor Zoning R2

    Listing provided courtesy of David Sanford of Newport Apartment Group and Gaston Sanford of Newport Apartment Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-18T07:26:32.813. 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 Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

     
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