Costa Mesa, CA 92626,3040 Fillmore Way
$2,850,000
$2,850,000
Est.Price: ?

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6,894 SqFt

3040 Fillmore Way Costa Mesa, CA 92626

Est. payment /mo
SOLD DATE : 07/13/2023

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Key Details

Sold Price $2,850,000

Property Type Commercial

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 6,894 sqft

Price per Sqft $413

MLS Listing ID CRNP23102429

Sold Date 07/13/23

HOA Y/N No

Year Built 1963

Lot Size 0.260 Acres

Acres 0.26

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 Central Costa Mesa

Interior

Fireplace No

Laundry Laundry Room

Building

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 14113423

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Bridge MLS
Listed by David Sanford • Newport Apartment Group
Bought with GeneralNonmember

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