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1383 Baker, Costa Mesa, CA 92626

$1,575,000
•
  • —

    bed

  • —

    bath

Multi-family for sale 4 days

About 1383 Baker

Property type Multi-family
Neighborhood
Year built 1960
HOA fee $0/month
Lot size 6,534 Sqft
Movoto estimate
Parking 3 garage spaces
Rental estimate
Property description
Fully occupied triplex in central Costa Mesa offering in-place income with roughly 18% rental upside. The property consists of two 2-bed/1-bath units and one 2-bed/1.5-bath two-story townhouse, totaling approx. 2,785 SF on a 6,500 SF lot. Current rents are below market, giving an investor a clear path to increase income as units turn. No utility bill-back program is currently in place, providing an immediate opportunity to implement RUBS. Low operating expenses help preserve cash flow as rents move to market. Garage parking on site. Ideally located near Baker St. retail, TeWinkle Park, South Coast Plaza, Orange Coast College, and quick access to the 405 and 55 freeways.
Listed by
Listing Agent - Ryan Anderson
Listing Agent Contact: 949-290-0199
Listing Office - R L M Equities
Source: CRMLS mls logo
MLS#NP26216295 • last updated 5 days ago
Movoto checked CRMLS for data 8 minutes ago
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Overview
Levels/Style One, Two
Type Residential Income
SubType Apartment
Status Active
Lot Size (Acres) 0.15
Lot Size (SqFt) 6534
Property Tax 16558
Year Built 1960
Interior
Laundry None
Exterior
Building Area Square Feet, 2785
# Uncovered Spaces 1
# Parking Spaces 4
# Garage Spaces 3
Lot Description 0-1 Unit/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
View None
County Orange
Community Features Curbs
Directions Corner Of Harbor Blvd. & Baker St.
APN 14119105
Multifamily Details
Vacancy Allowance Rate 3
Operating Expense 30607
Expense: Insurance 3600
Total Expenses 30607
Expense: Maintenance 3000
Expense: Water/ Sewer 4500
Gross Income 86940
Gross Operating Income 84332
Gross Scheduled Income 86940
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Around Central Costa Mesa

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  • Real Estate
  • CA
  • Orange County
  • Costa Mesa
  • 92626
  • Central Costa Mesa
  • 1383 Baker

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The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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