Sold

233 Avocado Street

Costa Mesa CA, 92627

$8,000,000


$516.13 per sqft

Sold

15,500 sqft

Unknown

Built in 1959

Listed by Brett Bayless with Brett Bayless, Broker 949-887-2465

We are pleased to present 221 1/2 - 233 Avocado Street, a 15 units + 2 Non-conforming unit multifamily community located in Costa Mesa, CA. The asset is built in 1954 and 1986 and situated on two separate parcels totaling 1.14 acres. The property features an excellent unit mix of Four - 2 bed / 2.5
bath townhomes built in 1986 with washer/dryer hookups, two-car garages, and private back patios, Ten - 2 bed / 1 bath single story detached cottages with washer/dryer hookups and one Single family home house split into One - 1 bed / 1 bath and two studios (non-conforming). There is significant income upside of approximately +/- 34%, providing investors an opportunity to increase the yield of a high quality asset located in on of the top rental markets of southern California.

OC22147273

MLS ID

July 6, 2022

Listed

February 10, 2024

Updated

Map

233 Avocado Street
Costa Mesa CA, 92627

Interior Features

Laundry Description

In Kitchen


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.84 Acres


Lot Features

Lot Over 40000 Sqft


Sewer

Public Sewer

Other Property Details

Area Name

C4 - Central Costa Mesa


Days on Market

137


Garage

Yes


Garage Spaces

22


Parking Total

22


View

No


County

Orange


Water Source

Public


Pool

No


Pool Features

None


Buyer Agency Compensation

2%

Listing Contact: 949-887-2465 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/10/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/10/2024 at 7:10 AM UTC

 

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