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Costa Mesa, CA 92627 2168 Placentia Avenue

$3,100,000

Sold: May 06, 2024
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Presented By: Daniel Morgan with Marterra Real Estate; 949-413-0912
  • MLS# NP24029247
  • 02/10/2024
  • Request Tour
  • Request Info
  • FootageSQFT • 5,280
  • GarageGarage • 6

Home Details

Welcome to 2168 Placentia in Costa Mesa - the Capital of Cool. Two newly constructed additional units added in 2023, each with 2 bedrooms, 2 baths, in-unit laundry, paid off solar panels and attached garages and are separately metered. The other four units have all been renovated with new kitchens, bathrooms, flooring, re-piped with pex, upgraded electrical and subpanels. A new roof is currently being replaced on one of the buildings. The location benefits from being within a Measure K corridor and adjacent to a Qualified Opportunity Zone. Located close to desirable retail, shopping, bike and walkability, and Orange County's best beaches.
Presented By: Daniel Morgan with Marterra Real Estate; 949-413-0912

General for 2168 Placentia Avenue

Additional Parcels Y/NNo
AppliancesGasRange, Refrigerator
Attached Garage No
Building Area UnitsSquareFeet
Buyer FinancingCashtoNewLoan
Cap Rate4.6
Carport Y/NNo
CityCosta Mesa
Close Price3000000.0
Community FeaturesStreetLights, Sidewalks
CoolingNone
CountyOrange
Days on Market9
DirectionsFrom Victoria, turn onto Placentia
Electric Expense0.0
Entry Location1
Fuel Expense0.0
Garage Spaces6.0
Garage Y/NYes
Gross Income205812.0
HOA0.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense2575.0
Interior FeaturesRecessedLighting, AllBedroomsDown, BedroomonMainLevel, MainLevelPrimary
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, CashtoNewLoan, Item1031Exchange
Lot Size Square Feet17385.0
MLS AreaC2 - Southwest Costa Mesa
MobileHomeRemainsYNNo
Net Operating Income143204.0
New ConstructionNo
Operating Expense56434.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NYes
Property ConditionAdditionsAlterations, UpdatedRemodeled, Turnkey
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
RoofShingle
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusClosed
StatusClosed
Stories1
Street NamePlacentia
Subdivision Namen/a
Tax Lot49
Total Units6
Trash Expense0.0
UtilitiesCableAvailable, ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
ViewNone
View Y/NNo
Water Sewer Expense2200.0
Waterfront Y/NNo
Year Built1961
Year Built SourcePublicRecords

Interior for 2168 Placentia Avenue

Air Conditioning Y/NNo
Basement (Y/N)No
BuyerOfficeEmailmlsinfo@sideinc.com
Common WallsItem1CommonWall, NoOneAbove, NoOneBelow
Electric On Property Y/NNo
Entry Level1
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringTile, Vinyl
Heating Y/NYes
Laundry FeaturesInside
Street SuffixAvenue
Total Stories1
Window FeaturesDoublePaneWindows

Exterior for 2168 Placentia Avenue

Building Area Total5280.0
Crops Included Y/NNo
FencingWood
Foundation DetailsSlab
Horse Y/NNo
InclusionsAll seller owned appliances
Irrigation Water Rights Y/NNo
Lot FeaturesRectangularLot
Lot Size Acres0.3991
Lot Size Area17385.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings4
Number of Separate Electric Meters6
Number of Separate Gas Meters6
Number of Separate Water Meters3
Open Parking Y/NNo
Parking FeaturesAssigned, DrivewayUpSlopeFromStreet, Garage
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking6.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $3,100,000
MLS#NP24029247
List Date 02/10/2024
Property Type Multi-Family
Phone 714.964.3311
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Request Info
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*According to the National Association of Realtors