268 Cabrillo St

Costa Mesa, CA 92627 View Map $2,000,000 Ask a Question
Sq.Ft. Lot6,970
Year1958
268 Cabrillo St Costa Mesa, CA 92627 | MLS NP21132276 Photo 1
268 Cabrillo St Costa Mesa, CA 92627 | MLS NP21132276 Map

Villa Real Estate

(949) 717-6000

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Status: Sold
Property Type:Triplex
MLS #:NP21132276
Date Sold:7/23/2021
Lot Size:6,970 Sq. Ft.
County:Orange

Listing Agent/Office

Agent:Kent Martin
Office:Coldwell Banker Realty
Partially updated East Side Costa Mesa Triplex in a prime location right off 17th street, blocks away from the city's top eateries and shopping centers with easy access to Newport Boulevard and the 55 freeway and minutes to the beach. This is a fantastic, stable investment opportunity, fully occupied with long-term tenants. These three, two-story units are 2 bedroom/1.5 bath and each have a main level entrance and a private, fenced off backyard. This building has undergone full renovation in one unit and a partial in another. 3-car garage, 2-car exterior parking, and plenty of street parking.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
7/23/2021$1,999,000$2,000,0000.1%

Community Information

Address:268 Cabrillo St Costa Mesa, CA 92627
Area:C5 - East Costa Mesa
County:Orange
City:Costa Mesa
Subdivision:Other (Othr)
Zip Code:92627

Architecture

Year Built:1958
Stories:2
Building Area: 3220.0
Number of Buildings: 1
Total Units: 3
Stories Total: 2
Unit 1: 1 Unit•2 Beds•2 Baths•Unfurnished•$2,550 actual rent•$2,550 total rent•$2,550 pro forma
Unit 2: 1 Unit•2 Beds•2 Baths•Unfurnished•$2,500 actual rent•$2,500 total rent•$2,500 pro forma
Unit 3: 1 Unit•2 Beds•2 Baths•Unfurnished•$2,250 actual rent•$2,250 total rent•$2,250 pro forma
Garage Spaces: 3.0
Open Parking Spaces: 2.0
Parking Total: 5.0

Features / Amenities

Common Walls: 2+ Common Walls, No One Above
Heating: Forced Air

Property Features

Lot Size: 0.16 Acres / 6,970 Sq. Ft.
Lot Features: Rectangular Lot
Sewer: Public Sewer
Water: Public
Directions:Right Behind 17th St

Tax and Financial Info

Buyer Financing: Cash
Contingency: Buyer must cooperate with 1031 exchange
Gross Income: $87,600
Gross Scheduled Income: $87,600
Net Operating Income: $87,600
Insurance Expense: $2,000
Trash Expense: $900
Water/Sewer Expense: $1,020
Operating Expense: $4,010
Terms: Item1031Exchange, Submit
Tot

Schools

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Based on information from California Regional Multiple Listing Service, Inc. as of November 30, 2022. 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. IDX provided by Sierra Interactive.