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3133 Coral Avenue
Costa Mesa, CA 92626
Sold
Priced attractively below market value due to the currently low rents, this outstanding income property provides upside to the new owner to achieve an approximate 40% increase in Gross Scheduled Income and approximate 4% CAP rate. Take advantage of this unique opportunity to own a unicorn among the neighboring properties in the desirable Mesa Verde area of Costa Mesa. This 3-unit property consists of a 4-bedroom, 2-bathroom custom detached home with fireplace (1,663 sq ft) built for the owners in 1996, plus a duplex includes comprised of a generously sized 3-bedroom, 2-bathroom unit with fireplace, as well as a comfortable 2-bedroom, 1.5-bathroom unit. The expansive 12,500 sq ft lot allows for each unit to feature a private patio and/or yard, enhancing the living experience for tenants. Additionally, the property provides 3 garage spaces and 6 private parking stalls. For added convenience, laundry hookups are available in each unit, offering a competitive edge in the rental market. The owner has recently renovated the interiors of all 3 units and installed brand new garage doors. Great for an Owner User or 1031 Exchange Buyer, this investment property is not to be overlooked. Schedule your viewing today.
PROPERTY INFORMATION
| MLS # | NP23074389 | Lot Size | 12,632 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Triplex |
| Price | $ 1,999,000
Price Per SqFt: $ 506 |
DOM | 810 Days |
| Address | 3133 Coral Avenue | Type | Residential Income |
| City | Costa Mesa | Sq.Ft. | 3,950 Sq. Ft. |
| Postal Code | 92626 | Garage | 3 |
| County | Orange | Year Built | 1970 |
| Bed / Bath | 9 / 0 | Parking | 9 |
| Built In | 1970 | Status | Closed |
| Sold Date | 2023-06-16 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Common Area, Gas & Electric Dryer Hookup, In Garage, Inside, Washer Hookup |
| Has Fireplace | Yes |
| Fireplace Information | Living Room, Gas |
| Has Appliances | Yes |
| Kitchen Appliances | Convection Oven, Dishwasher, Disposal, Gas & Electric Range, Gas Oven, Range Hood |
| Has Heating | Yes |
| Heating Information | Forced Air |
| Room Information | Entry, Jack & Jill, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom |
| Has Cooling | Yes |
| Cooling Information | Central Air |
| Flooring Information | Carpet, Laminate |
| InteriorFeatures Information | Ceiling Fan(s), Living Room Balcony, Living Room Deck Attached, Stone Counters, Storage, Wet Bar |
| EntryLocation | Ground Level |
| Entry Level | 1 |
| Has Spa | No |
| SpaDescription | None |
| WindowFeatures | Double Pane Windows |
| SecuritySafety | Carbon Monoxide Detector(s), Smoke Detector(s) |
EXTERIOR FEATURES
| FoundationDetails | Slab |
| Roof | Composition, Flat, Spanish Tile |
| Has Pool | No |
| Pool | None |
| Has Fence | Yes |
| Fencing | Block, Excellent Condition, New Condition, Partial, Security, Wood |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,132
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 06/16/2023 | Sold | $1,725,000 |
| 06/10/2023 | Pending | $1,999,000 |
| 05/02/2023 | Listed | $1,999,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Bronwyn Jones, The Oppenheim Group. 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.
