274 Palmer St - Multi-Family FOR SALE


Costa Mesa, CA 92627
$3,150,000 USD
949-230-8454
274 Palmer St, Costa Mesa, CA for Sale
$3,150,000 USD
Multi-Family - FOR SALE
1/25
null | Request Cap Rate

274 Palmer St
Costa Mesa, CA 92627


HIGHLIGHTS

  • A+ Location
  • New roof in 2023
  • Great owner/user opportunity

OVERVIEW

We are pleased to present 274 Palmer Street, a 3-unit multifamily offering in a prime Eastside Costa Mesa location. The detached front house is comprised of 3 bedrooms along with 2 bathrooms, and features wood flooring, central air conditioning, and a private yard space. The other units include a 2 bedroom, 2 bath upper apartment over the 2-car garage and a studio (currently non-conforming). This property presents an attractive opportunity for either an investor interested in growing their portfolio or an owner-user looking to live in a unit while generating strong income from the other units. Buyers will be happy to know that a new roof was installed in 2023. This asset is located in one of the most desirable rental markets in Orange County and offers homeowners as well as tenants close proximity to top rated schools, beaches, parks, and all the amenities 17th Street has to offer. This is one investment opportunity you do not want to miss!

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$1,255 USD /SF

# OF UNITS

3

PRICE/UNIT

$1,050,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,710 SF

ZONING

-

APN/PARCEL ID

425-162-06

ASK ABOUT THIS PROPERTY

Tim CarrPacific Sotheby's International RealtyMore Info
949-230-8454

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Tim CarrPacific Sotheby's International RealtyMore Info
949-230-8454

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.