CA > Costa Mesa > Mesa North - President Streets (Prmn)
Costa Mesa, CA 92626,3009 Coolidge AVE

$1,000,000

$1,180,000

15.3%
Est.Price: ?

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Est. payment /mo

6,534 Sqft Lot

SOLD DATE : 10/18/2019

Key Details

Sold Price $1,000,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Subdivision Mesa North - President Streets (Prmn)

MLS Listing ID NP19170834

Sold Date 10/18/19

HOA Y/N No

Year Built 1962

Lot Size 6,534 Sqft

Property Description

Great location 3/4 mile SW of South Coast Plaza. Located 1/2 mile from Orange Coast College and less than 2 miles from John Wayne Airport.
The property consists of a single building with a 1-story, 2 BR/1 BA unit in the front and two 2 BR/1.5 BA two-story townhouse-style units in the rear. Very spacious units approx. 1,063 sf, each with attached patio. The building was constructed in 1962. Each unit has an individual garage space and there are 2 additional uncovered parking spaces. Parking is accessed through a rear alley. Vinyl and plank flooring. There is an extremely strong demand for rentals in this area. There is significant upside in the current rent rates. The 2 BR/1 BA rents for $1,610 and 2 BR/1.5 BA unit rents for $1,675, on the same street are currently rented at rates as high as $1,700 and $1,850/month, respectively. Current income specified below is actual. Current expenses are estimated. Projected Scheduled Gross Income and Net Operating Expenses with renovated units at market rental rates are $59,520 and $31,208 respectively. Projected Gross Rent Multiplier is 19.2. Selling as is.

Location

State CA

County Orange

Area C3 - South Coast Metro

Interior

Interior Features Laminate Counters, Unfurnished

Heating Natural Gas, Wall Furnace

Flooring Vinyl

Fireplace No

Appliance Free-Standing Range, Disposal, Gas Range, Vented Exhaust Fan, Water Heater

Laundry Washer Hookup, Gas Dryer Hookup, Inside

Exterior

Garage Door-Multi, Garage, On Site, Off Street, Private, Garage Faces Rear, One Space

Garage Spaces 3.0

Garage Description 3.0

Fence Wood

Pool None

Community Features Curbs, Gutter(s), Sidewalks, Park

Utilities Available Overhead Utilities

View Y/N No

View None

Roof Type Composition

Total Parking Spaces 5

Private Pool No

Building

Lot Description 21-25 Units/Acre, Back Yard, Front Yard, Near Park, Rectangular Lot

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 14114157

Acceptable Financing Submit

Listing Terms Submit

Financing Cash

Special Listing Condition Standard

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The Warburton Team Brokered By EXp

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California Regional MLS (CRMLS)
Listed by Lyn Janota • William Kennedy And Associates
Bought with Judy Chen • Judy Chen
agent-avatar

+1(626) 630-2141

andreww@gowpnow.com

43620 Ridge Park Dr, Temecula, CA, 92590, United States

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