3040 Filmore Way, Costa Mesa, California, United States

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Home For Sale

$2,850,000

3040 Filmore Way
Costa Mesa, California, United States

12bd 12ba

Listed By: Realtyww Info

Listed On: 06/15/2023

Listing ID: GL10070285 View More Details

Description

This rare value-add opportunity presents two side-by-side 3-unit apartment buildings located in a high demand location of Costa Mesa. While one unit has already undergone a complete rehabilitation, there is significant potential to increase the property's value and generate higher rental income by rehabbing the remaining five units which are mostly in original condition. These townhouse-style units all feature 2 bedrooms and 1.25 bathrooms, interior laundry, sizable private backyard patios and enclosed parking. The layout provides a comfortable and spacious environment, making these units attractive to individuals or small families seeking ample living space and allowing the tenants to create a sense of home. Investors can capitalize on this opportunity by implementing a strategic renovation plan to bring the remaining units up to market standards allowing for higher rental rates but also increasing the overall property value. This investment has significant upside potential for savvy investors. The Property is one parcel with six units, so must be sold together as one single purchase.

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Listed by: Newport Apartment Group

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