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Eddy And Oscar

[email protected] +1(805) 200-3484

$ 3,450,000

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984 El Camino DR Costa Mesa, CA 92626

7,405 Sqft Lot

UPDATED:

03/04/2025 01:08 AM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Mesa Del Mar (Mdma)

MLS Listing ID PW25046836

HOA Y/N No

Year Built 1964

Lot Size 7,405 Sqft

Property Sub-Type Apartment

Property Description

984 El Camino Drive is a premier investment opportunity in the sought-after Mesa Del Mar neighborhood of Costa Mesa, CA. This pristine, turnkey property received an infusion of approximately $1.3 million in 2023, encompassing a full exterior renovation and complete interior remodel. Each unit was upgraded with modern, high-end finishes, offering residents top-quality living spaces. Many units feature brand-new in-unit laundry machines, and all are equipped with new air conditioning, heating systems, microwaves, ceiling fans, stainless steel appliances, sinks, and more. The property also offers excellent parking options, with four garages, spaces for four vehicles in front of the garages, and five additional open spots, providing an impressive 2:1 parking ratio. With a 5.0% cap rate based on current rents, this asset presents a compelling opportunity for investors looking for a turnkey property with solid, immediate cash flow potential.

Location

State CA

County Orange

Area C4 - Central Costa Mesa

Interior

Cooling Central Air

Fireplaces Type None

Fireplace No

Laundry Common Area, Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Parking Features Garage

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Biking, Curbs, Dog Park, Sidewalks

Total Parking Spaces 4

Private Pool No

Building

Story 2

Entry Level Two

Sewer Public Sewer

Water Private

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 14166525

Energy Description 1710.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Lease Land No

Listed by Rick Applebaum • Morgan Skenderian • [email protected]

Eddy And Oscar

Broker Associate | CB01331912

+1(805) 200-3484

Eddy And Oscar

984 El Camino DR Costa Mesa, CA 92626

Key Details

Location

Interior

Exterior

Building

Others

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984 El Camino DR