392 Woodland Place, Costa Mesa, CA 92627

$2,100,000
3,126
SqFt
List Price
$2,100,000
Status
PENDING
MLS#
NP21013668
Year Built
1970
Living Sq. Ft
3,126
Lot Size
6,098
Acres
0.14
Lot Location
Park Nearby, Sprinkler System, Sprinklers In Front, Yard
Days on Market
15
Property Type
Multifamily
Builders Tract Code
Eastside Central (ECCM)
Neighborhood
Eastside North (Encm)

Property Description

Enjoy positive cash flow from a freshly renovated, priced-to-move triplex! All 3 units are above grade, a rare find in the popular coastal rental market of Costa Mesa. Multiple opportunities for an investor primed to enhance their portfolio with this turnkey trophy asset, or an owner generating strong income while living free in one of SoCal’s most prized zip codes. 2 units-900 sq ft, 2 Bd/1 Bth. 1 unit-approx 1300 sq ft, 3 Bd/2 Bth. 4 single garages; one for each tenant and an extra for landlord or front unit. On market for first time in over a decade, in highly desirable Newport Mesa school district. Eminently livable floor plans attract urban professionals. Crisp, clean build features upgraded gourmet kitchens, all new stainless steel appliances and chic new quartz countertops. Living rooms large enough for a sprawling statement sectional sofa, accented by stunning new wide plank oak wood floors in warm, inviting tones. Masters boast a spacious bath w/ high, sunkissed windows for a dose of Vitamin D while you shower. Private terraces are an entertainers dream, a stylish sanctuary. Within mins of Newport Harbor, John Wayne Airport, world class beaches. Everything is brand new: sliding doors, windows+blinds, fans, hardware, kitchen cabinets, sink+disposals, tub/shower, toilets, tile, vanity+sinks, can lighting, smooth coat plaster exterior, repaved alley. Prized property boasts all the right perks, in all the right places - pride of ownership awaits!

Additional Information

Tract Number
1
Lot Description
Suburban
Appliances
Gas Oven, Water Heater
Pool Description
None
Fireplace Description
Family Room
Heat
Central, Wall Furnace
Cooling Description
None
Exterior Construction
Concrete, Drywall Walls
Roof
Composition, Shingle
Garage Spaces Total
4
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
3
Gross Scheduled Income
$97,800
Operating Expense
4620
Unit One Total Units
1
Unit One Beds
3
Unit One Baths
2
Unit One Garage Spaces
1.00
Unit One Actual Rent
3400.00
Unit One Total Rent
3400.00
Unit One Pro Forma
3600
Unit One Furnished
Unfurnished
Unit Two Total Units
1
Unit Two Beds
2
Unit Two Baths
1
Unit Two Garage Spaces
1.00
Unit Two Actual Rent
2400.00
Unit Two Total Rent
2400.00
Unit Two Pro Forma
2500
Unit Two Furnished
Unfurnished
Unit Three Total Units
1
Unit Three Beds
2
Unit Three Baths
1
Unit Three Garage Spaces
1.00
Unit Three Actual Rent
2200.00
Unit Three Total Rent
2400.00
Unit Three Pro Forma
2500
Unit Three Furnished
Unfurnished

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Sean Flynn from Berkshire Hathaway HomeService

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.