221-233 Avocado St | Costa Mesa, CA 92627
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- LoopNet Team
221-233 Avocado St
Costa Mesa, CA 92627
221 1/2 - 233 Avocado Street · Multifamily Property For Sale · 17 Units
Investment Highlights
- Long Term Ownership - Property Has Been Well Maintained
- Excellent Unit Mix on Two Separate Parcels (No On-Site Manager Required)
- 233 Avocado St: Ten - 2 Bed / 1 Bath Single Story Detached cottages, and a house split into One – 1x1 and two Studios (Non-Conforming Configuration)
- Huge Upside Potential to Current Income (+/- 34% Upside)
- 221 ½ Avocado St.(Fourplex) - 100% – 2 Bed / 2.5 Bath Townhomes built in 1986 with Washer/Dryer Hookups, 2 Car Garages, and Private Back Patios
- Garage and Open Parking / Washer and Dryer Hookup in all Units
PROPERTY FACTS
| No. Units | 17 | Building Size | 15,500 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1954 |
| Building Class | C | Parking Ratio | 1.42/1,000 SF |
| Lot Size | 1.14 AC |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.14 AC |
| Building Size | 15,500 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1954 |
| Parking Ratio | 1.42/1,000 SF |
Unit Amenities
- Washer/Dryer Hookup
- Double Pane Windows
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 4 | - | - |
| 2+1 | 10 | - | - |
| 1+1 | 1 | - | - |
| Studios | 2 | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $876,633 | |
| Land Assessment | $6,373,367 | Total Assessment | $7,250,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$6,373,367
Improvements Assessment
$876,633
Total Assessment
$7,250,000
zoning
| Zoning Code | PDR-HD (Planned Development Residential High Density) |
| PDR-HD (Planned Development Residential High Density) |
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