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    713 W Wilson Street

    Costa Mesa, CA 92627
    • $1,799,000
    • STATUS: Active Under Contract
    • ON SITE: 47 days
    • ID#: OC21133132
    Under Contract
    UPDATED: 8 min ago
    $1,799,000
    • 0
      BEDS
    • 0.27
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    Description

    West Side Costa Mesa investment or redevelopment opportunity - 2 upgraded and updated single family detached homes on one lot. Both units are approximately 1750 sq. ft., both have 4 beds 3 full baths on an R2 medium density 11,700 sq. ft. lot. Front unit has been repainted, newer stainless steel appliances with granite counters in kitchen, baths are good condition with tiled and wood flooring, dual paned windows, and a 3 car attached garage. Rear unit was completely updated and upgraded with new laminate wood floors, all new remodeled bathrooms, new neutral paint, dual paned windows, and 3 reserved parking spaces. Long driveway for plenty of parking. Upgraded 100 Amp electric meter, copper plumbing in both homes. 2 separate addresses & all separate utility meters including 2 water meters. Great location & close to beach/ocean, Costa Mesa Country Club, medical facilities, schools, local eateries, and parks. Easy access to 55, 73, & 405 freeways. Zoned R2 Medium Density with potential to build 3rd unit or redevelopment, please check with City of Costa mesa. Current tenant is on a month to month paying $8800 per month for both homes, current cap rate is 4.67%

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-05T14:30:50.533. 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. Licensed in the State of California, USA.
    www.twissrealty.com/homes/118498317
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    713 W Wilson Street Costa Mesa, CA 92627

    • Price: $1,799,000
    • Status: Active Under Contract
    • Updated: 8 min ago
    • ID#: OC21133132
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.27
    Acres
    1956
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    C2 - Southwest Costa Mesa
    Property Description
    West Side Costa Mesa investment or redevelopment opportunity - 2 upgraded and updated single family detached homes on one lot. Both units are approximately 1750 sq. ft., both have 4 beds 3 full baths on an R2 medium density 11,700 sq. ft. lot. Front unit has been repainted, newer stainless steel appliances with granite counters in kitchen, baths are good condition with tiled and wood flooring, dual paned windows, and a 3 car attached garage. Rear unit was completely updated and upgraded with new laminate wood floors, all new remodeled bathrooms, new neutral paint, dual paned windows, and 3 reserved parking spaces. Long driveway for plenty of parking. Upgraded 100 Amp electric meter, copper plumbing in both homes. 2 separate addresses & all separate utility meters including 2 water meters. Great location & close to beach/ocean, Costa Mesa Country Club, medical facilities, schools, local eateries, and parks. Easy access to 55, 73, & 405 freeways. Zoned R2 Medium Density with potential to build 3rd unit or redevelopment, please check with City of Costa mesa. Current tenant is on a month to month paying $8800 per month for both homes, current cap rate is 4.67%
    Exterior Features

    Architectural Style Ranch Construction Materials Stucco Fencing Wood Lot Features Back YardStreet LevelYard Number Of Separate Electric Meters 2 Open Parking Spaces 3 Parking Features AssignedAsphaltShared DrivewayUncovered Parking Total 6 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Spa Features None Spa YN No View Mountain(S)Neighborhood View YN Yes

    Interior Features

    Appliances DishwasherGas CooktopGas OvenGas RangeGas Water Heater Common Walls No Common Walls Cooling None Cooling YN No Flooring LaminateTileWood Heating CentralForced AirNatural GasWall Furnace Heating YN Yes Interior Features Ceiling Fan(S)Granite CountersOpen FloorplanStone CountersRecessed LightingAll Bedrooms DownBedroom On Main LevelMain Level MasterMultiple Master Suites Window Features Double Pane Windows

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.68 Common Interest None Community Features CurbsGolfStorm Drain(S)Street LightsSuburbanSidewalks Current Financing Other Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 105600 Gross Scheduled Income 105600 Insurance Expense 700 Land Lease YN No Laundry Features InsideIn GarageIn Kitchen Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional1031 Exchange Maintenance Expense 0 Net Operating Income 84144 New Construction YN No New Taxes Expense 19789 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Operating Expense 21449 Possession Close Of Escrow Property Condition Additions/AlterationsUpdated/RemodeledTurnkey Property Sub Type Single Family Residence Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Trash Expense 0 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Vacancy Allowance 0 Vacancy Allowance Rate 0 Water Sewer Expense 0 Water Source Public Zoning R2

    Listing provided courtesy of Tony Morrison of Lantern Bay Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-05T14:30:50.533. 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. Licensed in the State of California, USA.
     
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