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Listed by Scott Gerard, DRE #01004111 • Gerard Properties Inc.
$ 3,490,000
Est. payment /mo
Active
131 E 21st ST Costa Mesa, CA 92627
0.36 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26116869
Year Built 1961
Lot Size 0.361 Acres
Source California Regional MLS
Property Description
SEE OFFERING MEMORANDUM IN SUPPLEMENTS. Rare pride-of-ownership 5-unit investment opportunity located in highly desirable Eastside Costa Mesa. Offered for sale for the first time in approximately 27 years, this well-maintained asset occupies an expansive approximately 15,746 square foot lot and features a unique low-density cottage-style layout with lots of attractive features and benefits. Improvements include a freestanding 2-bedroom, 1-bath residence positioned at the front of the property, along with four additional units located within two separate residential buildings at the rear. Unit mix consists of two 1-bedroom units and two 2-bedroom units. A defining characteristic of the offering is its abundance of private outdoor space. The front residence enjoys a large enclosed front yard with white picket vinyl fence and private rear yard, while each remaining unit benefits from its own yard, patio, or outdoor living area. This residential environment has contributed to strong tenant retention and consistent rental demand over many years. Residents enjoy amenities seldom found in comparable investment properties, including six enclosed garages, five equipped with automatic openers, in-unit washer and dryer hookups, and off-street parking for approximately eight vehicles.
Location
State CA
County Orange
Area C5 - East Costa Mesa
Rooms
Kitchen Dishwasher, Microwave, Oven Range - Gas, Oven - Gas
Interior
Heating Wall Furnace
Cooling None
Laundry Gas Hookup, 30
Exterior
Parking Features Garage, Other, Parking Area
Garage Spaces 8.0
Pool None
Roof Type Shingle
Building
Story One Story
Water District - Public
Others
Tax ID 42618213
Special Listing Condition Not Applicable
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