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Listing 15 out of 500
$1,299,000 For Sale

3009 Jeffrey Drive
Costa Mesa, CA 92626

3 units | Multi Family Home
6098 sq ft - MLS# PW18282882
Property Photo
1/8

Description

The largest of the units is configured as a three-bedroom and two-bathroom downstairs apartment; and the other two units are upstairs configured as two-bedroom and one-bathroom each. Tenants enjoy a private yard or balcony in addition to the onsite coin operated laundry. This property boasts abundant parking with it’s garages, driveway and public spaces on the street. This two-story building is simple to operate and offers an opportunity for additional income with upside in the rents. The interiors are expected to be original materials in clean condition. This investment opportunity is located in a residential neighborhood with other multi-family projects. Eclectic shopping establishments are walking distance from the subject property along with everyday shopping establishments. Located within close proximity of this property is the world famous South Coast Plaza Shopping and Entertainment Center along with other major commercial sites such as the variety of class-a office properties and the John Wayne International Airport. In addition, access to the 73, 405 & 55 freeways is conveniently located just outside of the neighborhood.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 92626
  • Year Built: 1977
  • Stories: Two
  • Units: 3 units
  • # of Parking Spaces: 3.00
  • Lot Size: 6098 sq ft
  • Zoning: R-4
  • Area: 699 - Not Defined
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 3252.00
  • Building Area Units: Square Feet
  • Cap Rate: 3.30
  • Community Features: Curbs
  • Country: US
  • Directions: Baker & the 73
  • Electric Expense: 900.00
  • Garage Spaces: 3.00
  • Gross Income: 68940.00
  • Gross Multiplier: 18.80
  • Gross Operating Income: 66872.00
  • Gross Scheduled Income: 68940.00
  • Heating: Central Furnace
  • Heating YN: Yes
  • Insurance Expense: 1722.00
  • Laundry Equipment Own Lease: Own
  • Laundry Features: Community
  • Laundry Income: 900.00
  • Laundry YN: Yes
  • Listing Agent License: 01945984
  • Listing Office License: 00616212
  • Lot Features: 2-5 Units/Acre
  • Lot Size Area: 6098.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 43054.00
  • New Taxes Expense: 14999.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Operating Expense: 23818.00
  • Operating Expense Percent: 35.00
  • Sewer: Public Sewer
  • Stories Total: 2
  • Total Actual Rent: 5670.00
  • Total Expenses: 23818.00
  • Trash Expense: 900.00
  • Walk Score: 68
  • Water Sewer Expense: 900.00
  • Water Source: Public
Courtesy of Coldwell Banker Res. Brokerage, Michael Sacks

Agent Mary Lou Skowronski
Mary Lou Skowronski DRE: 01398486 / Broker DRE: 01317331
Berkshire Hathaway HomeServices California Properties
1400 Newport Center Drive, #200 - Newport Beach, CA 92660

© “2018” BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate,and a franchisee of  BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of  America, Inc.® Equal Housing Opportunity. Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC.  BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property,  Information obtained from various sources and will not be verified by broker or MLS. 

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Designations Ranks Agent Mary Lou Skowronski in the
Top 7% of Realtors Nationwide!
NABPOP BPO Certified Property Valuator, CPRES Certified Probate/Trust Real Estate Specialist, Investor Certified Realtor, ePRO – Internet Marketing Professional, 
Luxury Property Specialist, AREAA – Asian Real Estate Association of America, Designer and Accredited Home Staging Specialist,
REO and Short Sale Specialist, PSC Mastery HAFA Foreclosure Prevention Counselor

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