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Key Details
Sold Price $7,250,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 15,500 sqft
Price per Sqft $467
Subdivision College Park (Colp)
MLS Listing ID OC22147273
Sold Date 11/24/22
HOA Y/N No
Year Built 1959
Lot Size 0.836 Acres
Acres 0.8359
Property Description
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.
Location
State CA
County Orange
Area C4 - Central Costa Mesa
Rooms
Ensuite Laundry In Kitchen
Interior
Laundry Location In Kitchen
Fireplace No
Laundry In Kitchen
Exterior
Garage Spaces 22.0
Garage Description 22.0
Pool None
Community Features Sidewalks
Total Parking Spaces 22
Private Pool No
Building
Lot Description Lot Over 40000 Sqft
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 41911105
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with General NONMEMBER • NONMEMBER MRML
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