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Keith Nichols

Keith Nichols
Sells Orange County
Huntington Beach, CA

714-417-1363
Contact Me
DRE #01050395

Contact Me





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Listing 4 out of 226
Sold for $800,000 Sold

679 Joann Street
Costa Mesa, CA 92627

2 units | Multi Family Home
7736 sq ft - MLS# PW19057211
Property Photo

Sold

Sold for $800,000 on May 7, 2019

Description

This property is in a residential neighborhood with single-family homes and other multifamily projects. Tenants enjoy Two-Bedroom, One-Bathroom units with private yards and private single-car garages. The project proves to have tremendous upside as the apartments interiors condition is dated. Renters in this area are clearly happy here per the history of long-term tenancy this project offers. This single-story building is simple to operate and the area continues to improve, providing the new owner with the fundamentals for a successful investment. Located within close proximity are schools, shopping centers & entertainment establishments, along with a variety commercial spaces making for a fantastic location in terms of opportunities for employment.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $825,000
  • Zip Code: 92627
  • Year Built: 1960
  • Units: 2 units
  • # of Parking Spaces: 2.00
  • Lot Size: 7736 sq ft
  • Area: 699 - Not Defined
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 1850.00
  • Building Area Units: Square Feet
  • Community Features: Curbs, Gutters, Sidewalks
  • Country: US
  • Directions: Placentia Ave & Wilson St
  • Garage Spaces: 2.00
  • Gross Income: 30120.00
  • Gross Operating Income: 29216.00
  • Gross Scheduled Income: 30120.00
  • Laundry Features: Inside
  • Laundry YN: Yes
  • Listing Agent License: 01945984
  • Listing Office License: 00616212
  • Lot Features: 2-5 Units/Acre
  • Lot Size Area: 7736.0000
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 15466.00
  • New Taxes Expense: 9693.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Operating Expense: 13751.00
  • Operating Expense Percent: 45.70
  • Parking Features: Driveway, Garage
  • Parking YN: Yes
  • Selling Agent: General Nonmember
  • Selling Agent License: 01970269
  • Selling Office: Crmls
  • Selling Office License: 00000001
  • Sewer: Public Sewer
  • Total Actual Rent: 2510.00
  • Total Expenses: 13751.00
  • Water Source: Public
  • Year Built Source: Public Records
  • Sold Date: 2019-05-07 00:00:00
  • Sold Price: 800000.00
Courtesy of Coldwell Banker Res. Brokerage, Michael Sacks

Keith Nichols | 714-417-1363 | Contact Me
Huntington Beach, CA 92646
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