◆Presenting 984 El Camino Dr, Costa Mesa, CA 92626, a fully remodeled multifamily property located in the highly desirable Mesa Del Mar neighborhood. This property offers immense upside potential, making it perfect for both long-term investors and those seeking an immediate return on investment.

Property Highlights:

◆ 6 extensively remodeled apartment units featuring high-quality finishes and modern amenities.
◆ Gated courtyard for added security, equipped with 6 Ring security cameras.
◆ Ample parking with a total of 13 off-street spaces, including direct access to a single-car garage for Apt E.
◆ Recent upgrades include a LifeSource Whole Building Water Filter, new insulation, dual-pane windows, and soft-close cabinets.
◆ Enjoy a BBQ area with seating, evening accent lighting, and drought-tolerant landscaping for easy maintenance.
◆ Ideal for families, college students, and professionals with access to top-rated schools like Sonoma Elementary, Costa Mesa Middle School, and Costa Mesa High School.
◆Conveniently located near South Coast Plaza, OC Fairgrounds, Tewinkle Park, Trader Joe's, and John Wayne Airport, as well as quick access to highways 73, 405, and 55.

Investment Details:

◆ Price: $3,500,000
◆ Cap Rate: 5.24%
◆ Gross Rent Multiplier: 15.4
◆ Lot Size: 0.17 Acres
◆ Building Size: 5,241 SF

This property is designed for minimal maintenance with all major systems, including HVAC, plumbing, and electrical, recently updated. Units feature in-unit laundry for select apartments, stainless steel sinks, quartz countertops, and energy-efficient appliances, making this a turnkey opportunity for any investor.

Neighborhood Benefits:

◆ Walkable distance to shopping centers, parks, and schools.
◆ Only 3.5 miles from John Wayne Airport and 9 miles from Newport Beach, making it ideal for tenants seeking convenience and lifestyle perks.

Don't miss out on this rare opportunity to own a fully remodeled, high-demand rental property in one of Orange County's most desirable locations. Whether you're an experienced investor or new to the market, this property offers long-term growth and stability.

For inquiries and to schedule a viewing, contact: Greg Sharp
Phone: 949-233-7065
Address: 984 El Camino Dr, Costa Mesa, CA 92626
Refer to : https://oclife.net/oc_listing/6-unit-...