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    2863 Hickory Place , #4

    Costa Mesa, CA 92626
    • $1,550,000
    • STATUS: Active
    • ON SITE: 7 days
    • MLS #: NP21005853
    $1,550,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,550
      SQFT
    • $437
      $/SQFT
    Type:
    Multi-Family
    Built:
    1960
    County:

    School Ratings & Info

    Description

    Very clean, upgraded and well-maintained 4-plex in Costa Mesa located in the highly desirable Mesa Verde +G+Spice Streets+G-. All units are 2 bedrooms + 1 bathroom. Both downstairs units have separate private patios. 3 of the 4 units are remodeled as shown in the photos. Long-term tenants all current on rents. Within the last few years, new windows, new window coverings, new washer/dryers & refrigerators, new flooring, remodeled bathrooms, new kitchen cabinets, counter tops, remote controlled garage doors, drought tolerant landscaping, etc, etc. If you're looking for a turn-key investment property with great rental history, here it is!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-19T00:27:16.85. 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/113188686
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    2863 Hickory Place , #4 Costa Mesa, CA 92626

    • Price: $1,550,000
    • Status: Active
    • MLS #: NP21005853
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,550
    SQFT
    $437
    $/SQFT
    1960
    Built
    Neighborhood:
    Mesa Verde Residential Income (Mvri)
    County:
    Orange
    Area:
    C1 - Mesa Verde
    Property Description
    Very clean, upgraded and well-maintained 4-plex in Costa Mesa located in the highly desirable Mesa Verde +G+Spice Streets+G-. All units are 2 bedrooms + 1 bathroom. Both downstairs units have separate private patios. 3 of the 4 units are remodeled as shown in the photos. Long-term tenants all current on rents. Within the last few years, new windows, new window coverings, new washer/dryers & refrigerators, new flooring, remodeled bathrooms, new kitchen cabinets, counter tops, remote controlled garage doors, drought tolerant landscaping, etc, etc. If you're looking for a turn-key investment property with great rental history, here it is!
    Exterior Features

    Garage Spaces 4.00 Lot Features 0-1 Unit/AcreCul-De-Sac Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 10.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No Uncovered Spaces 6.00 View Neighborhood View YN Yes

    Interior Features

    Appliances Electric CooktopRefrigeratorWater Heater 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 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring CarpetLaminate Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(S)Granite Counters Laundry Features Inside Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.00 Community Features CurbsGuttersSidewalks Country Us Elevation Units Feet Gardener Expense 1260.00 Gross Income 87300.00 Gross Operating Income 87300.00 Gross Scheduled Income 87300.00 Insurance Expense 1696.00 Land Lease YN No Laundry YN Yes Maintenance Expense 2365.00 Net Operating Income 61783.00 New Construction YN No New Taxes Expense 17050.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Number With Range 4 Number With Refrigerator 4 Operating Expense 26417.00 Pest Control Expense 150.00 Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Mesa Verde Residential Income (Mvri) Tenant Pays Cable TvElectricityGas Total Actual Rent 87000.00 Total Expenses 26417.00 Trash Expense 2300.00 Utilities Electricity ConnectedSewer ConnectedWater Connected Vacancy Allowance Rate 0.00 Water Sewer Expense 1596.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Nicolai Glazer of Pacific Sotheby's Int'l Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-19T00:27:16.85. 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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