Costa Mesa, CA 92626,3040 Fillmore WAY
Costa Mesa, CA 92626,3040 Fillmore WAY
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$2,850,000

Est.Price: ?

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Est. payment /mo

0.26 Acres Lot


SOLD DATE : 07/13/2023

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Subdivision ,None

MLS Listing ID NP23102429

Sold Date 07/13/23

HOA Y/N No

Year Built 1963

Lot Size 0.260 Acres

Property Sub-Type Apartment

Property Description

This rare value-add opportunity presents two side-by-side 3-unit apartment buildings located in
a high demand location of Costa Mesa. While one unit has already undergone a complete
rehabilitation, there is significant potential to increase the property's value and generate higher
rental income by rehabbing the remaining five units which are mostly in original condition.
These townhouse-style units all feature 2 bedrooms and 1.25 bathrooms, interior laundry,
sizable private backyard patios and enclosed parking. The layout provides a comfortable and
spacious environment, making these units attractive to individuals or small families seeking
ample living space and allowing the tenants to create a sense of home. Investors can capitalize
on this opportunity by implementing a strategic renovation plan to bring the remaining units up
to market standards allowing for higher rental rates but also increasing the overall property
value. This investment has significant upside potential for savvy investors. The Property is one
parcel with six units, so must be sold together as one single purchase.

Location

State CA

County Orange

Area C4 - Central Costa Mesa

Interior

Fireplace No

Laundry Laundry Room

Exterior

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Sidewalks

Total Parking Spaces 9

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 14113423

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Financing Cash

Special Listing Condition Standard, Trust

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CRMLS – RECore
Listed by David Sanford Newport Apartment Group
Bought with General NONMEMBER NONMEMBER MRML
John Herkenrath

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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