984 El Camino Drive
Costa Mesa, CA, 92626
$3,700,000
Beds
0 Baths
SqFt
0.17 Acres
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High Quality Remodeled 6 Apts w/Great Income! First extensively remodeled property in the neighborhood which is starting to gentrify. Great upside potential for a long term hold. Prospective tenants come from Irvine & East Side Costa Mesa due to finishes & lower rent. Other tenants love the area because their kids can walk to school from elementary through college. Attracted college students and young professionals, etc. Property has great appeal to everyone without restriction across all demographics. For detailed views of interior, see listings from 2023 on Zillow & SoCal MLS.

Full Remodel & added 2 ADUs in 2023. Better than average amenities for tenants: Life Source Whole Building Water Filter to keep down scale and water spots on the glass shower doors. Drink from any faucet in the apartment and makes the hair and skin feel fantastic! BBQ area with table, chairs, heater, covering, evening accent lights. Landscaping is mostly Kurapia instead of grass, which is drought tolerant and rarely needs mowing. Designed property for minimal maintenance. Irrigation system & water fountain out front. New sewer drops from second floor (no cracked sewer pipes!)

All major systems are new: Water heater, electrical panels, larger water connection to street and 2.5" water meter etc. Individual gas and electric meters plus RUBS in place as well. 6 Ring security cameras and lights around the property. Gated front & rear gates with pushbutton codes for convenient access for tenants, service staff, UPS/FedEx, etc. All units have heat/AC or ductless minisplits. Lots of light throughout make them desirable for tenants. Apts A and F have yard/patio. Prewired for cable so no ugly wires outside. Recirc pump for the hot water. Walls and ceilings insulated. Refrigerators incl: Apts A, D, E, and F. Quartz counters, euro hinge cabinets with soft close. Soft close toilet lids. New windows, electric garage door openers with battery backup for new steel roll up doors. Every apartment has assigned parking so no hassles for parking for the all the tenants. Apt B upgraded to include soaking tub, 3 solatube skylights and upgraded appliances. Deep, stainless sinks w/sprayer faucet on overhead hose. W/D in lndry are owned. Only $1.25 each (can be increased). Recently serviced to replace washer pump seal.

Locks are all Kwikset SmartKey for easy rekeying between tenants. All apts have great natural light.

Small storage closet for property tools. NOTE: Listed features vary by Apt

Property Details

Price:
$3,700,000
MLS #:
OC24142557
Status:
Active
Baths:
0
Address:
984 El Camino Drive
Type:
Residential Income
Subtype:
Apartment
Subdivision:
Mesa Del Mar MDMA
Neighborhood:
c4centralcostamesa
City:
Costa Mesa
Listed Date:
Jul 11, 2024
State:
CA
ZIP:
92626
Lot Size:
7,405 sqft / 0.17 acres (approx)
Year Built:
1964
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Schools

Interior

Accessibility Features
None
Appliances
Dishwasher, Free- Standing Range, Disposal, Gas Range, Gas Water Heater, High Efficiency Water Heater, Hot Water Circulator, Microwave, Refrigerator, Vented Exhaust Fan, Water Heater Central, Water Line to Refrigerator, Water Purifier
Cooling
Central Air, E N E R G Y S T A R Qualified Equipment, High Efficiency
Fireplace Features
None
Flooring
Laminate
Heating
Central, Ductless, E N E R G Y S T A R Qualified Equipment
Interior Features
Ceiling Fan(s), Crown Molding, Open Floorplan, Quartz Counters
Window Features
Blinds, Double Pane Windows, E N E R G Y S T A R Qualified Windows, Screens, Solar Tinted Windows

Exterior

Association Amenities
Barbecue, Outdoor Cooking Area, Electricity, Trash, Pet Rules, Pets Permitted, Management
Community Features
Biking, Curbs, Dog Park, Gutters, Park, Stable(s), Sidewalks, Storm Drains, Street Lights, Suburban
Electric
Electricity – On Property
Exterior Features
Awning(s), Barbecue Private, Rain Gutters
Fencing
Block, Stucco Wall, Wrought Iron
Foundation Details
Slab
Garage Spaces
4.00
Green Energy Efficient
Appliances, H V A C, Insulation, Lighting, Thermostat, Water Heater, Windows
Lot Features
Back Yard, Front Yard, Landscaped, Lawn, Level with Street, Irregular Lot, Park Nearby, Sprinkler System, Sprinklers Drip System, Sprinklers In Front, Sprinklers Timer, Treed Lot, Utilities – Overhead, Yard
Parking Features
Assigned, Direct Garage Access, Driveway, Concrete, Paved, Garage, Garage Faces Rear, Garage – Single Door, Garage Door Opener, On Site, Parking Space, Private, Shared Driveway, Side by Side, Tandem Uncovered, Uncovered
Parking Spots
13.00
Pool Features
None
Roof
Asphalt, Shingle
Security Features
Card/ Code Access, Closed Circuit Camera(s), Fire and Smoke Detection System, Fire Rated Drywall, Gated Community, Resident Manager, Security Lights, Smoke Detector(s)
Sewer
Public Sewer, Sewer Paid
Spa Features
None
Stories Total
2
View
None
Water Source
Public

Financial

Association Fee
0.00
Tenant Pays
All Utilities, Electricity, Gas, Other, Sewer, Trash Collection, Water
Utilities
Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected

Map

Community

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broker reciprocity Courtesy of Gregory Sharp, Broker. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
Rover IDX
984 El Camino Drive
Costa Mesa, CA