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408 Ford Road

Costa Mesa, CA 92627
  • $1,840,000
  • STATUS: Active
  • ON SITE: 138 Days
  • ID#: PW23132369
UPDATED: 22 min ago
$1,840,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1961
County:

School Ratings & Info

Listing Agent(s): Rick Applebaum of Morgan Skenderian (949-251-8800) and Paul Espinosa of Morgan Skenderian(949-251-8800)


Description

Pleased to present 408 Ford Road, a well-maintained single-story triplex located in Costa Mesa. This property is walking distance to The Triangle and all retail, shopping, and entertainment along Newport Boulevard and 19th Street. Much of the area has been redeveloped and tenant demand remains very strong due to the location and surrounding communities. The property itself consists of (2) two-bedroom/one-bath units and (1) three-bedroom/two-bath unit with an inviting, large front patio. Each unit features an outdoor space and storage area. There is also ample parking which includes a double car garage and 2 covered carport spaces plus street-parking. A separate laundry room affords additional potential income. The new investor can quickly realize a strong return on investment through modernization of the property and increased rent levels.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T07:30:28.63. 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 Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
www.twissrealty.com/homes/141605060
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408 Ford Road Costa Mesa, CA 92627

  • Price: $1,840,000
  • Status: Active
  • On Site: 138 Days
  • Updated: 22 min ago
  • ID#: PW23132369
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1961
Built
Neighborhood:
Costa Mesa Residential Income (Cmri)
County:
Orange
Area:
C4 - Central Costa Mesa
Property Description
Pleased to present 408 Ford Road, a well-maintained single-story triplex located in Costa Mesa. This property is walking distance to The Triangle and all retail, shopping, and entertainment along Newport Boulevard and 19th Street. Much of the area has been redeveloped and tenant demand remains very strong due to the location and surrounding communities. The property itself consists of (2) two-bedroom/one-bath units and (1) three-bedroom/two-bath unit with an inviting, large front patio. Each unit features an outdoor space and storage area. There is also ample parking which includes a double car garage and 2 covered carport spaces plus street-parking. A separate laundry room affords additional potential income. The new investor can quickly realize a strong return on investment through modernization of the property and increased rent levels.
Exterior Features

Carport Spaces 2 Carport YN Yes Entry Level 1 Entry Location 1 Number Of Separate Electric Meters 4 Open Parking Spaces 1 Parking Features Assigned Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 3.74 Common Interest None Community Features Gutter(s)Sidewalks Electric Expense 612.5 Fuel Expense 612.5 Garage YN Yes Gross Income 0 Gross Scheduled Income 102300 Insurance Expense 1901 Land Lease YN No Laundry Features Common Area Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional1031 Exchange Maintenance Expense 3969 Net Operating Income 68725 New Construction YN No New Taxes Expense 21236 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 30506 Other Expense 350 Property Sub Type Triplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 8525 Trash Expense 612.5 Vacancy Allowance 3069 Vacancy Allowance Rate 3 Water Sewer Expense 612.5 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T07:30:28.63. 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 Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
 
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Twiss Realty Group - Brokered by EXP
5036 Highway 140
Mariposa CA, 95338
Listing Agent(s): Rick Applebaum of Morgan Skenderian (949-251-8800) and Paul Espinosa of Morgan Skenderian(949-251-8800)