300 Santa Isabel Ave
Costa Mesa, CA 92627



6.00 bd
6.00 ba
4,140 sq ft

Property Website

Rare Opportunity to Own a Multi-Unit Investment Property in the Highly Desirable Neighborhood of EastSide Costa Mesa. This Tri-Plex Features Three Units Each Consisting of: Two Bedrooms, One and Half Bathrooms, and Approximately 1,380 Square Feet. Each Floor Plan Features a Large Family Room With a Fireplace That Opens To The Dining Area and Kitchen. All Units Include Large Bedrooms, Plenty of Storage, and Interior Washer/Dryer Hook Ups. End Units, A and C, Include Direct Access To Their Single Car Garage and Feature Private Side Yards. The Interior Unit B, Includes a Detached One Car Garage and Boasts a Fantastic Patio Area Perfect For Entertaining. The Lot Affords Four Additional Exterior Parking Spots. Current Rental Rates Are Well Below Market Value. Conservative Pro Forma Rents Are $2,100 Plus Allowing An Investor To Further Improve Revenue and Value. This Tri-Plex Is a Short Walk To The Hiking and Biking Trails In Newport’s Back Bay, a Short Drive To The Hub of 17th Street Featuring World Class Restaurants and Entertainment, and Centrally Located With Quick Access To The 55, 405, and 5 Freeways. Just Minutes From The Coast Line, South Coast Plaza, Triangle Square, and Fashion Island. Do Not Miss This Great Opportunity To Own a Multi-Unit Investment Property in the Most Prestigious Rental Market in the City!