$2,125,000
$2,165,000
1.8%For more information regarding the value of a property, please contact us for a free consultation.
8,712 Sqft Lot
SOLD DATE : 06/17/2024
Key Details
Sold Price $2,125,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW23198880
Sold Date 06/17/24
HOA Y/N No
Year Built 1947
Lot Size 8,712 Sqft
Property Description
Welcome to this rare opportunity to own a Triplex comprising two buildings nestled on an expansive 8,500+ SF Corner Lot in the highly sought-after East Side Costa Mesa neighborhood. This property presents an ideal combination of modern upgrades, convenience, and the potential for future growth, making it a must-see for investors and homeowners alike.
Front Unit: 2 Bed, 2 Bath Standalone SFR
The front unit of this triplex is a beautifully renovated 2-bedroom, 2-bathroom home that exudes warmth and comfort. Offering the privacy of a standalone single-family residence, this dwelling boasts an inviting interior that has undergone extensive renovations, providing a contemporary and stylish living space. The thoughtful layout allows for seamless movement from the spacious living areas to the well-appointed bedrooms. This unit comes complete with a large front and back yard, creating a perfect oasis for relaxation and entertaining.
Rear Building: Top and Bottom Duplex
Situated at the rear of the lot, each unit comprised of 1 bedroom and 1 bathroom. These renovated units offer comfortable living spaces and the added convenience of individual laundry facilities on-site. The duplex units are blessed with a generous yard space, affording residents the luxury of outdoor enjoyment and the prime opportunity for pets.
Located on a corner lot, this triplex benefits from dual access points. The duplex can be conveniently accessed from Elden Ave driveway, while the front house enjoys direct driveway access from Cecil Pl. The East Side Costa Mesa locale is renowned for its charming ambiance, tree-lined streets, and proximity to an array of amenities. Residents can relish easy access to local shops, restaurants, parks, and top-rated schools, enhancing the appeal of this already highly desirable property.
As a unique bonus, this triplex offers significant potential for future expansion and added value. With the generous lot size, there is ample room to accommodate an ADU (Accessory Dwelling Unit) in between both buildings, providing a chance to increase rental income or accommodate extended family members while further enhancing the property's overall value.
Whether you are seeking a lucrative investment opportunity or a place to call home, this property promises versatility, modern amenities, and a prime location.
Location
State CA
County Orange
Area C5 - East Costa Mesa
Interior
Cooling None
Flooring Vinyl
Fireplace No
Laundry Common Area, Laundry Closet, Laundry Room
Exterior
Carport Spaces 2
Pool None
Community Features Curbs, Street Lights, Sidewalks
Total Parking Spaces 2
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Lawn, Landscaped, Street Level
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 42606301
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Michelle Esquivel
michelle@michellehomesellingteam.comOur team is ready to help you sell your home for the highest possible price ASAP
Bought with William Sears • Coldwell Banker Realty
michelle@michellehomesellingteam.com
515 S Myrtle Ave, Monrovia, CA, 91016, USA