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Listing 15 out of 58
$1,850,000 For Sale

141 Melody Lane
Costa Mesa, CA 92627

5 units | Multi Family Home
9635 sq ft - MLS# OC18287101
Property Photo
1/64

Description

Prime East Costa Mesa location right on the border of Newport Beach! All units are currently occupied with happy tenants on long term leases. Updated and well maintained with recent improvements including landscaped common areas, many units recently remodeled or updated. Beautifully landscaped common area, rare assigned parking on site, laundry facility, and cul-de-sac setting. Two upper level units in the front both 2 bedrooms 1 bath. One lower level unit in the front 2 beds 1 bath. One lower unit in the back of the main building remodeled and improved with a large fireplace, 2 bedrooms, 1 bathroom, lovely laminate floors throughout, newer kitchen, with spacious outdoor private patio area. One unit attached to garage in back building, recently remodeled “studio” with open floor plan 1-bedroom loft area, downstairs living room, newer kitchen and 1 bath, plus 1 car garage space. Vacancies have always been filled in a flash. Take a look at potential AITD in private remarks. NOTHING LIKE THIS IN EASTSIDE UNDER $2M!

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 92627
  • Year Built: 1964
  • Subdivision/Neighborhood: Other
  • Style: Traditional
  • Stories: Two
  • Units: 5 units
  • # of Parking Spaces: 6.00
  • Fireplace: Living Room, Yes
  • Lot Size: 9635 sq ft
  • View: Trees/Woods, Yes
  • Waterfront: Ocean Side of Freeway
  • Area: C5 - East Costa Mesa
  • Appliances: Dishwasher, Electric Stove, Garbage Disposal, Gas Oven
  • Appliances YN: Yes
  • Average 1 Bed Area: 900
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 3695.00
  • Building Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Community Features: Curbs, Sidewalks
  • Country: US
  • Directions: Newport Blvd, East on E. 20th St, left on Fullerton Ave, left on Melody Lane Cross Streets: Fullerton Ave and E 20th St
  • Door Features: Mirrored Closet Doors
  • Electric Expense: 996.00
  • Fence YN: Yes
  • Fencing: Wrought Iron
  • Flooring: Carpet, Laminate
  • Fuel Expense: 720.00
  • Garage Spaces: 1.00
  • Gardener Expense: 960.00
  • Gross Income: 113688.00
  • Gross Scheduled Income: 112448.00
  • Insurance Expense: 1800.00
  • Laundry Features: Community
  • Laundry Income: 1200.00
  • Laundry YN: Yes
  • Listing Agent License: 01850869
  • Listing Office License: 01375978
  • Lot Features: 2-5 Units/Acre, Landscaped
  • Lot Size Area: 9636.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 82072.00
  • New Taxes Expense: 24000.00
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Wall AC: 1
  • Number With Carpet: 4
  • Number With Dishwasher: 2
  • Number With Disposal: 5
  • Number With Patio: 2
  • Number With Range: 5
  • Number With Refrigerator: 1
  • Operating Expense: 30376.00
  • Parking Features: Garage, Parking Space
  • Parking YN: Yes
  • Pest Control Expense: 400.00
  • Property Attached YN: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Roof: Composition
  • Sewer: Public Sewer
  • Stories Total: 2
  • Total Actual Rent: 9374.00
  • Total Expenses: 30376.00
  • Uncovered Spaces: 5.00
  • Water Sewer Expense: 1500.00
  • Water Source: Public
  • Year Built Source: Assessor
Courtesy of Keller Williams Realty, Jordan Bennett

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