For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $1,850,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,344 sqft
Price per Sqft $789
MLS Listing ID CRPW24083652
Sold Date 06/07/24
Bedrooms 2
HOA Y/N No
Year Built 1958
Lot Size 7,532 Sqft
Acres 0.17
Property Description
Introducing an attractive investment opportunity at 2097 Wallace in the vibrant city of Costa Mesa, California. This modern, cottage-style triplex presents a compelling value with a strong 5.2% capitalization rate. Each of the three units has been meticulously renovated to offer high-end, contemporary living spaces. Features include new flooring, fresh interior and exterior paint, and fully updated kitchens with granite countertops and shaker cabinets. Bathrooms have full tile showers making them instantly appealing to prospective tenants. The property includes essential appliances such as refrigerators and gas stoves, along with ceiling fans throughout, enhancing tenant comfort and appeal. Each unit benefits from its own private yard, a desirable feature for all types of tenants including those with children or pets. Individual laundry hookups add a layer of convenience. Secure this turnkey property to capitalize on its excellent location and modern amenities, ensuring a steady revenue stream and robust return on investment. Unit Mix: 3 Units. Each unit has 2 Beds | 1 Bath | 750 sqft. Individual yards and laundry hookups. Detached two car garage could be additional revenue or potential ADU for a 4th Unit. Each unit is separately metered for gas and electric. New: Roof, Kitchens,
Location
State CA
County Orange
Area Listing
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Flooring Vinyl
Fireplace No
Laundry Other
Exterior
Exterior Feature Other
Utilities Available Sewer Connected
View Y/N false
View None
Parking Type None
Total Parking Spaces 2
Building
Lot Description Corner Lot, Other
New Construction No
Others
Tax ID 42228101
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with LenaGhezel