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187 Magnolia Street

Costa Mesa, CA 92627
  • $1,713,000
  • STATUS: Closed
  • ON SITE: 39 Days
  • ID#: NP22111488
Sold - 06/24/2022
$1,713,000
SOLD - 06/24/2022
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1948
County:

School Ratings & Info

Listing Agent(s): Jeffrey Butcher of Pacific Coast Realty Group (949-422-1108) and Jeff Mcconville of Pacific Coast Realty Group(949-422-1108)


Description

More than meets the eye.... Here's two detached homes on one lot in a great lower Eastside Costa Mesa location. This has been a proven investment property for many years, but now may also be considered as a small home with an income property on-site. This property is in walking and biking distance from all the great shopping and dining destinations in the Eastside CM enclave, but just far enough away to be a quiet and peaceful residence to come home to. Treasured OC Beaches are a short bike ride away. The property consists of three total buildings. In the front, facing Magnolia, there is a Vacant Two Bedroom, One Bathroom detached Home with a Brick Fireplace, laminate flooring, laundry hookups and a front yard. In between the two homes are a garage with two single garages. In the rear is a Very Cool & Stylish Two Bedroom One Bathroom detached Home with a Fireplace, updated Kitchen, laminate flooring, laundry closet, and a private fenced in Porch and Yard. The Rear Home is occupied with a month-to-month lease @ $2,700/mo. In addition to the two-car garage, there is parking for additional cars in the driveway. The property includes convenient access to the alley in the rear. Each home has it's own Gas and Electricity meters. Please Do Not Disturb the current occupants while investigating this great opportunity..

Sold by Stephanie Hoeschele of Stephanie Hoeschele.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-07-04T11:25:29.007. 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 or Zen Ziejewski and Team | Keller Williams Realty. Licensed in the State of California, USA.
www.homefinderorangecounty.com/homes/129168005
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187 Magnolia Street Costa Mesa, CA 92627

  • Price: $1,755,000
  • Status: Closed
  • On Site: 39 Days
  • Updated: 41 min ago
  • ID#: NP22111488
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1948
Built
Neighborhood:
Eastside South (Escm)
County:
Orange
Area:
C5 - East Costa Mesa
Property Description
More than meets the eye.... Here's two detached homes on one lot in a great lower Eastside Costa Mesa location. This has been a proven investment property for many years, but now may also be considered as a small home with an income property on-site. This property is in walking and biking distance from all the great shopping and dining destinations in the Eastside CM enclave, but just far enough away to be a quiet and peaceful residence to come home to. Treasured OC Beaches are a short bike ride away. The property consists of three total buildings. In the front, facing Magnolia, there is a Vacant Two Bedroom, One Bathroom detached Home with a Brick Fireplace, laminate flooring, laundry hookups and a front yard. In between the two homes are a garage with two single garages. In the rear is a Very Cool & Stylish Two Bedroom One Bathroom detached Home with a Fireplace, updated Kitchen, laminate flooring, laundry closet, and a private fenced in Porch and Yard. The Rear Home is occupied with a month-to-month lease @ $2,700/mo. In addition to the two-car garage, there is parking for additional cars in the driveway. The property includes convenient access to the alley in the rear. Each home has it's own Gas and Electricity meters. Please Do Not Disturb the current occupants while investigating this great opportunity..
Exterior Features

Foundation Details RaisedSlab Lot Features Rectangular Lot Number Of Separate Electric Meters 2 Open Parking Spaces 2 Parking Features Door-MultiDrivewayGarageGarage Faces Side Parking Total 4 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type AlleyCity Street Road Surface Type Paved

Interior Features

Appliances DishwasherDisposalGas RangeMicrowaveRange Hood Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features Kitchen Fireplace YN Yes Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Buyer Financing Cash Common Interest None Community Features Suburban Garage YN Yes Gross Income 72000 Gross Scheduled Income 72000 Insurance Expense 1000 Land Lease YN No Laundry Features In CarportOutside Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 69300 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 2700 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 0 Utilities Electricity ConnectedNatural Gas ConnectedWater Connected Water Sewer Expense 1700 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-07-04T11:25:29.007. 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 or Zen Ziejewski and Team | Keller Williams Realty. Licensed in the State of California, USA.
 
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Zen Ziejewski and Team | Keller Williams Realty
27101 Puerta Real #150
Mission Viejo CA, 92691
Listing Agent(s): Jeffrey Butcher of Pacific Coast Realty Group (949-422-1108) and Jeff Mcconville of Pacific Coast Realty Group(949-422-1108)