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Property Description

Income-producing triplex in Central Costa Mesa near Wilson, Harbor and Fairview, minutes to the beach, South Coast Plaza, major freeways and John Wayne Airport. All three 2 bed 1 bath units include a private one-car garage plus an additional parking space. Units A and B are downstairs with rear patios that include exterior laundry hook-ups, and Unit C is an upstairs unit with a private deck and no laundry hook-ups. Recent improvements include a newer roof, dual-pane windows, upgraded electrical in all units, vinyl perimeter fencing, laminate flooring in Unit B and ceiling fans in Unit A. Tenants pay utilities except water and trash. The property is fully occupied at strong rents, producing a stronger-than-average gross cap rate for the Costa Mesa triplex market. Interior photos were taken prior to the current tenants.

Overview

Property Status
For Sale
Lot Size
6,098 Sq.Ft.
MLS ID
NP25245121
Property Type
Multi-Family
Year Built
1958

Features & Amenities

Total Area
2,490 Sq.Ft.
Neighborhood
Costa Mesa
Stories
2
Garage Spaces
3.0
Water Source
Public
Pool
None
Lot Features
Rectangular Lot
Parking
Assigned
Heat Type
Wall Furnace
Air Conditioning
None
Sewer
Public Sewer
Sales Price
$1,600,000

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2214 Rutgers Drive

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