Active

984 El Camino Drive

Costa Mesa CA, 92626

$3,700,000


$705.97 per sqft

Active

5,241 sqft

Condo

Built in 1964

Listed by Greg Sharp with Gregory Sharp, Broker 949-233-7065

High Quality Remodeled 6 Apts w/Great Income! First extensively remodeled property in the neighborhood which is starting to gentrify. Great upside potential for a long term hold. Prospective tenants come from Irvine & East Side Costa Mesa due to finishes & lower rent. Other tenants love the area because their kids can walk to school from elementary through college. Attracted college students and young professionals, etc. Property has great appeal to everyone without restriction across all demographics. For detailed views of interior, see listings from 2023 on Zillow & SoCal MLS.

Full Remodel & added 2 ADUs in 2023. Better than average amenities for tenants: Life Source Whole Building Water Filter to keep down scale and water spots on the glass shower doors. Drink from any faucet in the apartment and makes the hair and skin feel fantastic! BBQ area with table, chairs, heater, covering, evening accent lights. Landscaping is mostly Kurapia instead of grass, which is drought tolerant and rarely needs mowing. Designed property for minimal maintenance. Irrigation system & water fountain out front. New sewer drops from second floor (no cracked sewer pipes!)

All major systems are new: Water heater, electrical panels, larger water connection to street and 2.5" water meter etc. Individual gas and electric meters plus RUBS in place as well. 6 Ring security cameras and lights around the property. Gated front & rear gates with pushbutton codes for convenient access for tenants, service staff, UPS/FedEx, etc. All units have heat/AC or ductless minisplits. Lots of light throughout make them desirable for tenants. Apts A and F have yard/patio. Prewired for cable so no ugly wires outside. Recirc pump for the hot water. Walls and ceilings insulated. Refrigerators incl: Apts A, D, E, and F. Quartz counters, euro hinge cabinets with soft close. Soft close toilet lids. New windows, electric garage door openers with battery backup for new steel roll up doors. Every apartment has assigned parking so no hassles for parking for the all the tenants. Apt B upgraded to include soaking tub, 3 solatube skylights and upgraded appliances. Deep, stainless sinks w/sprayer faucet on overhead hose. W/D in lndry are owned. Only $1.25 each (can be increased). Recently serviced to replace washer pump seal.

Locks are all Kwikset SmartKey for easy rekeying between tenants. All apts have great natural light.

Small storage closet for property tools. NOTE: Listed features vary by Apt

OC24142557

MLS ID

July 11, 2024

Listed

August 30, 2024

Updated

Map

984 El Camino Drive
Costa Mesa CA, 92626

Interior Features

Total Stories

2


Interior Features

Ceiling Fan(s), Crown Molding, Open Floorplan, Quartz Counters, Attic, Walk-In Pantry, Walk-In Closet(s)


Appliances

Dishwasher, Free-Standing Range, Disposal, Gas Range, Gas Water Heater, High Efficiency Water Heater, Hot Water Circulator, Microwave, Refrigerator, Vented Exhaust Fan, Water To Refrigerator, Water Heater, Water Purifier, Dryer, Washer


Laundry Description

Common Area, Washer Hookup, Gas Dryer Hookup, Laundry Room


Floor Description

Laminate


Fireplace

No


Fireplace Description

None


Cooling

Yes


Cooling Description

Central Air, ENERGY STAR Qualified Equipment, High Efficiency


Heating

Yes


Heating Description

Central, Ductless, ENERGY STAR Qualified Equipment

Exterior/Building Features

Lot Size

0.17 Acres


Exterior Features

Awning(s), Barbecue, Rain Gutters


Lot Features

Back Yard, Drip Irrigation/Bubblers, Front Yard, Sprinklers In Front, Irregular Lot, Lawn, Landscaped, Near Park, Sprinklers Timer, Sprinkler System, Street Level, Trees, Yard


Architectual Style

Traditional


Roof

Asphalt, Shingle


Sewer

Public Sewer, Sewer Tap Paid

Other Property Details

Area Name

C4 - Central Costa Mesa


Days on Market

19


Association Amenities

Electricity, Management, Outdoor Cooking Area, Barbecue, Pet Restrictions, Pets Allowed, Trash


Garage

Yes


Garage Spaces

4


Parking

Assigned, Concrete, Direct Access, Door-Single, Driveway, Garage, Garage Door Opener, On Site, Paved, Private, Garage Faces Rear, One Space, Shared Driveway, Side By Side, Tandem, Uncovered


Parking Total

13


View

No


View Description

None


County

Orange


Water Source

Public


Pool

No


Pool Features

None

Listing Contact: 949-233-7065 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/30/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 8/30/2024 at 7:54 PM UTC

 

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