List Search

984 Mission Dr
Costa Mesa, CA 92626

$3,963,888 USD

Apartments For Sale  •  8,150 SF

Property Details

  • Property Type Apartments
  • Total Building Size 8,150 SF
  • Lot Size 0.16 AC
  • Building Class C
  • Year Built 1964
  • Cap Rate 4.21 %
  • Zoning Multifamily
41 Transit Score
70 Walk Score

Highlights

Two Adjacent Fourplexes w/ Well-Maintained Grounds in a Prime Mesa Del Mar Location in Costa Mesa
Residential Financing Available: 4-plex Financing (2 Separate Loans)
Diverse Unit Mix Of 3-Bed, 2-Bed, 1-Bed, and Studio Units
Individually Metered for Gas & Electric, and On-Site Laundry Room
Value-Add Potential With Opportunities For Market Rent Adjustments, Unit Updates, And Potential ADU Development
2024 New Electrical Panels and Roof Tune-Up with 5-Year Warrantee

Financial Summary (Actual)

Net Operating Income: $166,890 USD (2023)
Cap Rate: 4.21 %
Total Expenses: $72,043 USD

Amenities

  • 24 Hour Access
  • Cable Ready
  • Courtyard
  • Disposal
  • Fenced Lot
  • Picnic Area
  • Laundry Service
  • Ceiling Fans
  • Granite Countertops
  • Oven
  • Range
  • Yard
  • Double Pane Windows
  • Garden
  • Smoke Free
  • Vinyl Flooring
  • Smoke Detector
  • Walk-Up

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)) 13 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
Mark Bridge 949-372-4888 The Bridge Multifamily Team at Cushman & Wakefield
Mark Bridge 949-372-4888 The Bridge Multifamily Team at Cushman & Wakefield