641 Victoria Street is a great 7 unit investment opportunity with all units currently rented month-to-month and appear to be below market. Four units are townhouse with 2BR / 1.5 baths with private patios, two units (a 2 BR and a 3 BR) are ground floor units, and one unit is an upstairs 2BR unit. All units have separate gas & electric meters with tenants paying most of those expenses. Units have private rear areas. Costa Mesa zoning map shows the property is zoned R2-MD and the city shows the property lies in the Mesa West Residential Ownership Urban plan which allows an owner to rebuild the existing number of units even if the minimum lot size cannot be met under the current Residential Development Standards. There are two generous parking areas plus two single car garages. The south and west property lines have seen brand new developments built on the contiguous properties. Income shown in the Analysis Section is based on current actual. Actual annual income is $121,452 resulting in net operating income of $99,642.
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681 Victoria Street, Costa Mesa, CA 92627 is a property for sale.
This Costa Mesa, CA Multi-Family home
has a lot size of 18,120 Sq. Ft. and
has been on ZipRealty.com for 116 days.
681 Victoria Street
was built in 1964 and
is currently listed for $2,100,000.
The 681 Victoria Street Costa Mesa, CA 92627 listing is provided courtesy of FIDUCIARY REAL ESTATE SERVICES.
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Data last updated: Sunday, December 4, 2016 at 6:32 PM. Properties in listings may have been sold or may no longer be available.