408 Ford Road , Costa Mesa, CA - 92627 is For Sale

  • PW24188889
  • PW24188889
  • PW24188889
  • PW24188889
  • PW24188889
  • PW24188889
$1,725,000· Income property

Description

Pleased to present 408 Ford Road, a well-maintained single-story triplex located in Costa Mesa. This property is walking distance to The Triangle and all retail, shopping, and entertainment along Newport Boulevard and 19th Street. Much of the area has been redeveloped and tenant demand remains very strong due to the location and surrounding communities. The property itself consists of (1) two-bedroom/two-bath unit with an inviting, large front patio and (2) two-bedroom/one-bath units. Each unit features an outdoor space and storage area. There is also ample parking which includes a double car garage and 2 covered carport spaces plus street-parking. A separate laundry room affords additional potential income. The new investor can quickly realize a strong return on investment through modernization of the property and increased rent levels.

Features

MLS#: PW24188889
List Price : $1,725,000
Total Units : 3
CAP rate : $4.00
Gross Operating Income : $99,231
Net Operating Income : $69,611
Sq M : 758 M2
Year Built : 1961
Days on market : 62 Days
Gross taxes : N/A
Address : 408 Ford Road
City : Costa Mesa
State : CA
Zip Code : 92627
Neighborhood : N/A
Stories : 1
Laundry : See Remarks
Parking Features : Assigned
Sale Type : Standard
 
Property Type : Residential Income
Original List Price : $1,725,000
Acres : 0.1872
Lot Size (Acres) : 0.1872
Water : Public
Sewer : Public Sewer
Parking Features : Assigned
Pool Desc : None
Driving Directions : East of Harbor Blvd and South of W. Bay St.
Lot Features : Rectangular Lot
 
Courtesy of : Rick Applebaum , Morgan Skenderian

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