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3040 Fillmore Way
Costa Mesa, CA 92626
Sold
This rare value-add opportunity presents two side-by-side 3-unit apartment buildings located in a high demand location of Costa Mesa. While one unit has already undergone a complete rehabilitation, there is significant potential to increase the property's value and generate higher rental income by rehabbing the remaining five units which are mostly in original condition. These townhouse-style units all feature 2 bedrooms and 1.25 bathrooms, interior laundry, sizable private backyard patios and enclosed parking. The layout provides a comfortable and spacious environment, making these units attractive to individuals or small families seeking ample living space and allowing the tenants to create a sense of home. Investors can capitalize on this opportunity by implementing a strategic renovation plan to bring the remaining units up to market standards allowing for higher rental rates but also increasing the overall property value. This investment has significant upside potential for savvy investors. The Property is one parcel with six units, so must be sold together as one single purchase.
PROPERTY INFORMATION
| MLS # | NP23102429 | Lot Size | 11,326 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 2,850,000
Price Per SqFt: $ 413 |
DOM | 686 Days |
| Address | 3040 Fillmore Way | Type | Residential Income |
| City | Costa Mesa | Sq.Ft. | 6,894 Sq. Ft. |
| Postal Code | 92626 | Garage | 6 |
| County | Orange | Year Built | 1963 |
| Bed / Bath | 6 / 0 | Parking | 9 |
| Built In | 1963 | Status | Closed |
| Sold Date | 2023-07-13 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Individual Room |
| EntryLocation | Entry |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $3,040
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 06/15/2023 | Active Under Contract | $2,850,000 |
| 06/13/2023 | Listed | $2,850,000 |
Topfind Realty
REALTOR®
(844)-333-8033
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Listing provided courtesy of David Sanford, David Sanford, Broker. 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.
