Property Detail

Description

Income-producing triplex in Central Costa Mesa between Wilson, Harbor, and Fairview, close to South Coast Plaza, major freeways, and John Wayne Airport. The property consists of three, 2 bed, 1 bath units, each with a private one-car garage plus one additional parking space. Units A and B are downstairs with rear patios and exterior laundry hook-ups, while Unit C is upstairs with a private deck. Since acquisition, the owner has invested over $110,000 upgrading the property and repositioned the units by re-leasing to newer, higher-paying tenants. All 3 units are currently tenant occupied with month-to-month leases, providing flexibility for a new owner. Recent improvements include major electrical upgrades, termite and fascia work, vinyl perimeter fencing, interior flooring and paint, and select kitchen and bath updates. Tenants pay utilities except water and trash. Photos are older and were taken prior to current tenants and fence replacement.