1383 Baker, Costa Mesa, CA 92626

$1,575,000

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Listed by Ryan Anderson, from R L M Equities
(If provided) CoList: from

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List Price: $1,575,000
MLS#: CRNP26216295
Status: ACTIVE
Lot Size: 6,534
Listing Area: 699 - Not Defined

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Property Description

Fully occupied triplex in central Costa Mesa offering in-place income with roughly 18% rental upside. The property consists of two 2-bed/1-bath units and one 2-bed/1.5-bath two-story townhouse, totaling approx. 2,785 SF on a 6,500 SF lot. Current rents are below market, giving an investor a clear path to increase income as units turn. No utility bill-back program is currently in place, providing an immediate opportunity to implement RUBS. Low operating expenses help preserve cash flow as rents move to market. Garage parking on site. Ideally located near Baker St. retail, TeWinkle Park, South Coast Plaza, Orange Coast College, and quick access to the 405 and 55 freeways.

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Additional Information

Laundry Facilities: None
Levels: One Story
Lot Size: 6,534
Neighborhood: 699 - Not Defined
Numberof Units: 3
Pool Description: None
Unincorporated Yn: Yes

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The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than Bailey Properties are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.