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$ 8,350,000
Est. payment | /mo
3 Beds
0.86 Acres Lot
$ 8,350,000
Est. payment | /mo
3 Beds
0.86 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25239787
Bedrooms 3
Lot Size 0.860 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
First time on market in 37 years! 184 E 21st Street is a rare opportunity to acquire a 10-unit multifamily property in Eastside Costa Mesa, one of Orange Countys most sought-after submarkets. This opportunity features (10) spacious 3-bed/2-bath units. Additionally, each unit comes with an attached 1-car garage and exterior on-site parking spaces, enhancing tenant demand and providing additional income potential. Situated in Eastside Costa Mesa, residents enjoy quick access to Newport Beach, Hoag Hospital, a plethora of dining options, and Triangle Square, placing it at the heart of premier employment and lifestyle amenities. The areas strong renter demand and limited new supply continue to drive consistent long-term growth. The property is also in very close proximity to the 55, 73, and 405 FWY allowing convenient transit for tenants. There is an ability to further enhance yield with the implementation of a RUBS system to minimize the expense for water and trash. This combination of strong rent growth, long term appreciation, and a prime location makes 184 E 21st Street a standout investment in todays Orange County multifamily market.
Location
State CA
County Orange
Zoning Public Rec
Direction In between Newport Blvd and Orange Ave
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 42613122
Acceptable Financing Cash, Conventional, Exchange, Seller May Carry
Listing Terms Cash, Conventional, Exchange, Seller May Carry
Listed by Sean Toohey Nara Advisors