Price Reduction - Sold: Jun 24, 2022
Listing Provided Courtesy Of:
Jeffrey Butcher with Pacific Coast Realty Group -
Address
187 Magnolia Street, Costa Mesa, CA
Price
$ 1,713,000
Property Attributes
  • MLS#NP22111488
  • TypeIncome
  • CountyORANGE
  • CityCosta Mesa
  • Zip92627
  • Style
  • Price$ 1,713,000
  • Bedrooms2
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1600
  • Lot Size6,534 SqFt
Listing Provided Courtesy Of:
Jeffrey Butcher with Pacific Coast Realty Group -
Data Source:
California Regional MLS (CRMLS)
Property Description

More than meets the eye.... Here's two detached homes on one lot in a great lower Eastside Costa Mesa location. This has been a proven investment property for many years, but now may also be considered as a small home with an income property on-site. This property is in walking and biking distance from all the great shopping and dining destinations in the Eastside CM enclave, but just far enough away to be a quiet and peaceful residence to come home to. Treasured OC Beaches are a short bike ride away. The property consists of three total buildings. In the front, facing Magnolia, there is a Vacant Two Bedroom, One Bathroom detached Home with a Brick Fireplace, laminate flooring, laundry hookups and a front yard. In between the two homes are a garage with two single garages. In the rear is a Very Cool & Stylish Two Bedroom One Bathroom detached Home with a Fireplace, updated Kitchen, laminate flooring, laundry closet, and a private fenced in Porch and Yard. The Rear Home is occupied with a month-to-month lease @ $2,700/mo. In addition to the two-car garage, there is parking for additional cars in the driveway. The property includes convenient access to the alley in the rear. Each home has it's own Gas and Electricity meters. Please Do Not Disturb the current occupants while investigating this great opportunity..

Price History
5/25/2022 Listed $1,795,000
6/6/2022 3% - $1,755,000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 92627

Price
AVG $2.64M
$1.71M

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