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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$3,350,000

Est. payment - /mo

0.38 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25166616

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 1977

Lot Size 0.378 Acres

Property Sub-Type Triplex

Property Description

FANTASTIC INVESTMENT OPPORTUNITY in Costa Mesa's rapidly developing Westside. This TURNKEY TRIPLEX PLUS 2 ADUs has excellent cash flow with a master lease tenant and can yield a 5% Cap Rate!!! The triplex is comprised of 2 buildings - Building 1 (approx 2,972 sqft) is comprised of 3 Units - UNIT A - single level 3 bed 2 bath unit with no one above, UNIT B - 2 bed 2 bath lower level unit, and UNIT C - 2 bed 2 bath upper level unit. Building 2 (approx 1,550 sqft) - is the FULLY PERMITTED ADUs added in 2024 - UNIT D & E - include two single level 2 bed 2 bath units.. Generating $19,000 in monthly gross rents and a 5.34% cap rate, the property maintains low estimated operating expenses of just $4,085/month, including property taxes. All units have refrigerators, split AC systems, separate water heaters, and individual mailboxes. Units A, D, & E offer in-unit laundry, while Units B & C have a shared laundry room. The building has one shared water meter but is separately metered for gas and electricity. Each unit also enjoys private outdoor space, either a yard, balcony, or patio. A master tenant is currently in place, simplifying management and rent collection. Recent exterior upgrades include new paint, landscaping, Dual-pane windows, and sliding glass doors. There are six off-street parking spots: four standard and two tandem. Located minutes from the beach, Newport Harbor, Triangle Square, and the shops and dining along 17th Street, this turnkey asset offers strong income, quality improvements, and future upside in one of Orange County's most desirable coastal submarkets.
Contact the listing agent for the rent roll, financials, and additional details.

Location

State CA

County Orange

Area 699 - Not Defined

Rooms

Other Rooms Two On A Lot

Interior

Interior Features Ceiling Fan(s), Open Floorplan, Quartz Counters, Storage

Heating Central, Electric, Zoned

Cooling Central Air, Electric, Zoned

Flooring Tile, Vinyl

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Cooktop, Gas Oven, Refrigerator, Dryer, Washer

Laundry Laundry Room

Exterior

Parking Features Driveway, Paved

Pool None

Community Features Street Lights, Suburban

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Total Parking Spaces 5

Private Pool No

Building

Lot Description 2-5 Units/Acre, Front Yard, Landscaped, Near Public Transit, Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Contemporary, Modern

Level or Stories Two

Additional Building Two On A Lot

New Construction No

Construction Status Updated/Remodeled,Turnkey

Others

Senior Community No

Tax ID 41917130

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Peter Au Berkshire Hathaway HomeServices California Properties 949-838-5800

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432 Hamilton ST Costa Mesa, CA 92627