Introducing an attractive investment opportunity at 2097 Wallace in the vibrant city of Costa Mesa, California. This modern, cottage-style triplex presents a compelling value with a strong 5.2% capitalization rate. Each of the three units has been meticulously renovated to offer high-end, contemporary living spaces. Features include new flooring, fresh interior and exterior paint, and fully updated kitchens with granite countertops and shaker cabinets. Bathrooms have full tile showers making them instantly appealing to prospective tenants. The property includes essential appliances such as refrigerators and gas stoves, along with ceiling fans throughout, enhancing tenant comfort and appeal. Each unit benefits from its own private yard, a desirable feature for all types of tenants including those with children or pets. Individual laundry hookups add a layer of convenience. Secure this turnkey property to capitalize on its excellent location and modern amenities, ensuring a steady revenue stream and robust return on investment. Unit Mix: 3 Units. Each unit has 2 Beds | 1 Bath | 750 sqft. Individual yards and laundry hookups. Detached two car garage could be additional revenue or potential ADU for a 4th Unit. Each unit is separately metered for gas and electric. New: R
MLS #
CRPW24083652
MLS Source
California Regional MLS
Days on Site
20
Buyer's Brokerage Compensation*
2.00
Appliances
Microwave, Other, Oven - Gas, Oven Range - Gas, Refrigerator
Cooling
None
Heating
Wall Furnace
Roof
Shingle
Foundation
Raised
Pool
None
Style
Cottage
Garage/Parking
No Parking, Garage: 2 Car(s)
HOA Fee
$0
# Buildings | # Leased Units | # Total Units |
---|---|---|
1 | 0 | 3 |
2097 Wallace Ave is a Triplex in Costa Mesa, CA 92627. This – square foot property sits on a 7,532 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,850,000 and was built in 1958.
This address can also be written as 2097 Wallace Ave, Costa Mesa, CA 92627.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of May 06, 2024. For the most current information, please contact Ali Ghandour