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984 El Camino Dr
Costa Mesa, CA 92626 Costa Mesa

$3,450,000 USD

Apartments For Sale  •  5,241 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,241 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1964
  • Cap Rate 5.06 %
42 Transit Score
65 Walk Score

Highlights

Immaculate, Turnkey Asset
5.06% CAP Rate on Current Rents
Complete Exterior & Interior Renovation Completed in 2023
Situated in the Highly Coveted Mesa Del Mar Neighborhood
Patios, Balconies, W/D Hookups, Microwaves, A/C, High End Upgraded Interiors
Ample Garage & On-Site Parking, Enough for (13) Cars

Financial Summary (Actual)

Net Operating Income: $174,430 USD (2023)
Cap Rate: 5.06 %
Total Expenses: $58,079 USD

Amenities

  • Air Conditioning
  • Cable Ready
  • Controlled Access
  • Courtyard
  • Dishwasher
  • Disposal
  • Laundry Facilities
  • Microwave
  • Picnic Area
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Gated
  • Heating
  • Grill
  • Smoke Free
  • Ceiling Fans
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Tub/Shower
  • Dining Room
  • Instant Hot Water
  • Island Kitchen
  • Skylights
  • Vinyl Flooring
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Tustin (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 12 min - 7.6 mi
Santa Ana (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 14 min - 9.0 mi
AirportDriveWalkDistance
John Wayne/Orange County 5 min - 2.4 mi
Long Beach (Daugherty Field) 27 min - 20.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 9
Type: Surface
Included in Rent: Yes
Rick Applebaum 949-432-6954 Morgan-Skenderian Investment Real Estate Group
Rick Applebaum 949-432-6954 Morgan-Skenderian Investment Real Estate Group