700 W 20th Street, Costa Mesa, CAVideo Tour of 700 W 20th Street, Costa Mesa, CA.
This high income producing building is fortuitously located in both the Mesa West Residential Ownership Urban Plan and a designated Opportunity Zone, per the Tax Cuts and Jobs Act of 2017. The prudent investor will be able to leverage this unique opportunity while receiving an in-place cap rate of over 5%!
There are three 2 bedroom / 1 bathroom units that are each separately metered for gas and electric. The units feature updated bathrooms and kitchens and amenities such as vaulted ceilings, tile floors and in-unit washer and dryers. For parking, there are 3 single car garages plus additional spots in the gated driveway. Also included is a detached studio unit and storage sheds that could generate additional income.
Driving by, you'd never know what's behind the mature vegetation throughout that creates shade and privacy for residents. Each unit feels like a detached home with a large, private outdoor space akin to a secret garden.
All units are month-to-month, except for one that will be rolling to MTM on 4/1/2019. Current gross scheduled income is over $97,000 and could conservatively top $100,000 annually pro forma.
Full Property Details
Full Property Details for 700 W 20th St
MLS ID: PW19062559
Added: 64 day(s) ago
Laundry: In Kitchen
Pool Description: None
Garage Spaces: 3
Parking Features: Driveway, Garage, Gated
Parking: Driveway, Garage, Gated
Area: C2 - Southwest Costa Mesa
Development Name: C2 - Southwest Costa Mesa
Driving Directions: Cross streets are 20th and Pomona
Disclaimer: School ratings provided by
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School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
700 W 20th Street, Costa Mesa, CA 92627 (MLS# PW19062559) is a
Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms.
700 W 20th Street is currently listed for $1,375,000 and was received on March 21, 2019.
This property is listed by Christian Walsh from our Newport Beach Office.Want to learn more about 700 W 20th Street?
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