1032 W Wilson Street

    Costa Mesa, CA 92627
    • $11,750,000
    • STATUS: Active
    • ON SITE: 109 days
    • ID#: OC19002909
    $11,750,000
    • 0
      BEDS
    • 2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 24,685
      SQFT
    • $476
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:

    School Ratings & Info

    Description

    Wilson Street Townhomes is a 24-unit multifamily investment opportunity located in the city of Costa Mesa, one of the premier coastal housing markets in Southern California. Situated on a 2.00-acre lot, the 24,685 square foot property consists of exclusively two-bedroom townhomes and amenities including private patios, garage and open parking, on-site laundry, and a swimming pool. Well maintained by the current ownership, the turnkey asset offers renovated units and professional landscaping. Wilson Street Townhomes is located within walking distance of Fairview Park, Victoria Elementary School, and Estancia High School. The property is less than one mile from Brookhurst Plaza providing residents with convenient access to their everyday needs.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-24T00:34:36.537. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/90617374

    1032 W Wilson Street Costa Mesa, CA 92627

    • Price: $11,750,000
    • Status: Active
    • ID#: OC19002909
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2
    Acres
    24,685
    SQFT
    $476
    $/SQFT
    1961
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    Wilson Street Townhomes is a 24-unit multifamily investment opportunity located in the city of Costa Mesa, one of the premier coastal housing markets in Southern California. Situated on a 2.00-acre lot, the 24,685 square foot property consists of exclusively two-bedroom townhomes and amenities including private patios, garage and open parking, on-site laundry, and a swimming pool. Well maintained by the current ownership, the turnkey asset offers renovated units and professional landscaping. Wilson Street Townhomes is located within walking distance of Fairview Park, Victoria Elementary School, and Estancia High School. The property is less than one mile from Brookhurst Plaza providing residents with convenient access to their everyday needs.
    Exterior Features

    Garage Spaces 24.00 Lot Features Landscaped Lot Size Source Assessor Lot Size Units Acres Parking Total 60.00 Pool Features Community Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Community Features Sidewalks Country Us Electric Expense 5125.00 Elevation Units Feet Fuel Expense 5125.00 Gross Income 593477.00 Gross Operating Income 575891.00 Gross Scheduled Income 593477.00 Insurance Expense 6148.00 Land Lease YN No Laundry YN Yes Maintenance Expense 14400.00 Net Operating Income 342419.00 New Construction YN No New Taxes Expense 130508.00 Number Of Separate Electric Meters 0 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Number Of Units Leased 24 Operating Expense 233472.00 Other Expense 38880.00 Other Expense Description Other Professional Management Expense 23036.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 48850.00 Total Expenses 233472.00 Trash Expense 5125.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 5125.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Tyler Leeson of Marcus & Millichap Re Invest


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-24T00:34:36.537. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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