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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$2,375,000

Est. payment - /mo

6,054 Sqft Lot

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Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26211144

HOA Y/N No

Year Built 1973

Lot Size 6,054 Sqft

Property Sub-Type Apartment

Property Description

120 Lisa Lane presents a rare opportunity to acquire a well-positioned triplex in highly desirable Eastside Costa Mesa, just minutes from Newport Bluffs. Offered for the first time in more than 13 years, the property features a highly attractive unit mix consisting of one 3BR/2BA unit and two 2BR/1BA units, appealing to a broad tenant base of families and professionals. Each unit offers desirable amenities, including washer/dryer hookups, private patios or balconies, while the four-car garage provides valuable off-street parking and additional tenant convenience. Situated at the end of a quiet cul-de-sac, the property offers an added level of privacy and a residential feel that further enhances its tenant appeal.

With approximately 25% in rental upside, 120 Lisa Lane offers investors the opportunity to acquire a well-maintained asset with strong in-place fundamentals and meaningful value-add potential in one of Costa Mesa's most sought-after submarkets.

Location

State CA

County Orange

Area C5 - East Costa Mesa

Interior

Fireplace No

Laundry Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Biking, Curbs, Dog Park, Golf, Park, Street Lights, Sidewalks

Total Parking Spaces 4

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 43908116

Energy Description 577.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Listed by Rick Applebaum Morgan Skenderian rma@morganskenderian.com, DRE #01273871

NEARBY SCHOOL & BUSINESS

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120 Lisa LN Costa Mesa, CA 92627