2641 Elden Avenue, Costa Mesa, CA 92627

$2,585,420

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Sold Price
$2,585,420
List Price
$2,829,000
Closing Date
Mar 04, 2024
Status
CLOSED
MLS#
PW23216796
Year Built
1955
Lot Size
19,809
Acres
0.45
Lot Location
2-5 Units/Acre
Days on Market
49
Property Type
Multifamily
Property Sub Type
Apartment
Stories
One Level
Neighborhood
Other

Property Description

We are pleased to present a rare Eastside Costa Mesa Fourplex. Built in 1955, 2641 Elden Avenue is comprised of four detached cottages on a massive 19,809SF parcel. Three of the units are 3-Bedroom/1-Bathroom units, two of which have 2-Car Garages. The other 3-Bedroom unit has an attached 1-Car Garage. The 2-Bedroom unit has an attached carport designated for the unit. Each of the units offer tenants washer/dryer hook-ups, large private yards, and ample parking outside of the garages and carport. This is the first time in over 40 years that the property has been offered for sale and represents an incredible opportunity for an investor to renovate and push rents to market, add ADU units, or develop new housing stock.

Additional Information

Pool Description
None
Fireplace Description
Living Room
Cooling Description
None
Garage Spaces Total
5
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
4
Gross Scheduled Income
$135,960
Operating Expense
46836

Listing courtesy of Listing Agent: Nick Gould (ng@morganskenderian.com) from Listing Office: Morgan Skenderian.

Listing sold by Nick Gould from Gould Group Inc

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.