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1642 Coriander Drive
Costa Mesa, CA 92626
Sold
1642 Coriander Drive
Costa Mesa, CA 92626
Sold
EXCELLENT FINANCING OPPORTUNITY!!! .........SELLER WILL CARRY THE FIRST TRUST DEED LOAN, and close quickly if needed, on this EXCEPTIONALLY WELL LOCATED SPICE STREET 4-PLEX IN ONE OF THE BEST LOCATIONS IN THE TRACT. The last sale in the tract is located directly across the street from the subject property and closed escrow on 10/8/21 at the price of $2,097,950. The subject property, although in need of upgrading, is well worth the Seller's asking price and provides a great value add opportunity for the Buyer. The property is being SOLD "AS IS". The Seller will even consider an offer from your Buyer who may want to 1031 Exchange there single family rental property into this 4-Plex providing the single family rental is in good condition and has a good tenant in place at or near market rent. To the rear of the property is a nice, clean single loaded concrete alleyway. The property offers an Excellent Unit Mix with (1) single story ground floor 3br-2ba /fireplace unit with no one above and (3) 2br - 1 3/4ba units. The front tenant has been in the unit for almost 50 years. There are 2 double garages and 1 single garage. The rent for unit "C" does not include tenant having a garage. This building is at the end of the block with lots of open space to the west of this property creating a very open-air feeling for the tenants. Rents quoted become effective Jan 1, 2023. Projected rents shown assume units being nicely remodeled. Please, please "DO NOT DISTURB TENANTS" Hurry to take advantage of the many benefits offered by this proper/Listing.
PROPERTY INFORMATION
| MLS # | OC22248909 | Lot Size | 8,274 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Quadruplex |
| Price | $ 1,995,000
Price Per SqFt: $ 440 |
DOM | 878 Days |
| Address | 1642 Coriander Drive | Type | Residential Income |
| City | Costa Mesa | Sq.Ft. | 4,533 Sq. Ft. |
| Postal Code | 92626 | Garage | 5 |
| County | Orange | Year Built | 1965 |
| Bed / Bath | 9 / 0 | Parking | 5 |
| Built In | 1965 | Status | Closed |
| Sold Date | 2023-02-15 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Common Area, Gas & Electric Dryer Hookup, Individual Room, Washer Hookup |
| Has Fireplace | Yes |
| Fireplace Information | Living Room, Gas |
| Has Heating | Yes |
| Heating Information | Central |
EXTERIOR FEATURES
| Roof | Asbestos Shingle |
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,128
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 02/15/2023 | Sold | $1,995,000 |
| 01/16/2023 | Active Under Contract | $1,995,000 |
| 12/02/2022 | Listed | $1,995,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Bob Walz, New Dimension Investment Prop. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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, 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.
