Listed by Brett Bayless, Brett Bayless, Broker,

233 Avocado Street

Costa Mesa, CA, 92627

$7,250,000

$467 per ft²
$7,250,000
$467 per ft²
Sold
Sold
carpenters-square
15,500 ft²
property_type
Multi-family
calendar
Built 1959
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.
MLS® ID:
OC22147273
Listed:
7/5/22
Updated:
12/3/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
In Kitchen

Exterior/Building Features

Lot Size
0.84 acres lot
Lot Details
Lot Over 40000 Sqft
Sewer
Public Sewer

Other Property Details

Area Name
C4 - Central Costa Mesa
Association Amenities
Sidewalks
Garage
Yes
Garage Spaces
22
Parking
Y
Parking Total
22.0
View
N
County
Orange
Water Source
Public
Pool
No
Pool Description
None

Property History

Date
Event
Price
Value
11/25/22
Sold
-
-
11/25/22
Price Change
$7,250,000
-9%

Courtesy of Brett Bayless, Broker, Brett Bayless,
Listing Contact:  

Based on information from California Regional Multiple Listing Service, Inc. as of 12/3/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 9:01 AM UTC, 12/3/22

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