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Costa Mesa, CA 92627 246 Walnut Street

$2,349,000

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Presented By: Christopher Maddy with Pacific Sotheby's Int'l Realty; 949-294-5408
  • MLS# NP24079969
  • 04/23/2024
  • Request Tour
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  • BedBeds • 5
  • BathBaths • 3
  • FootageSQFT • 2,277
  • GarageGarage • 1

Home Details

We are pleased to present the sale of 246 Walnut Street, a 3-unit multifamily property located in the City of Costa Mesa. This pride of ownership property features a favorable mix of units with (2) 2 bedroom / 1 bathroom units and (1) 1 bedroom / 1 bathroom unit. Each bungalow is detached from one another and have been nicely remodeled boasting laminate flooring, quartz countertops, white cabinetry, stainless steel appliances, dual pane windows, and recessed lighting. The property sits on an oversized lot measuring approximately 11,761 SF and two of the units had a new roofs installed in 2023. Tenants enjoy close proximity to beaches, parks, The Triangle, and all the amenities 17th Street has to offer! This is a rare opportunity to acquire a highly upgraded asset in one of the most desirable rental markets, Eastside Costa Mesa!
Presented By: Christopher Maddy with Pacific Sotheby's Int'l Realty; 949-294-5408

Interior Features for 246 Walnut Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
FlooringLaminate
Heating Y/NNo
Laundry FeaturesElectricDryerHookup, GasDryerHookup
Street SuffixStreet
Total Stories1
Window FeaturesDoublePaneWindows

Other Rooms

Entry Level1

General for 246 Walnut Street

Additional Parcels Y/NNo
AppliancesDishwasher, ElectricOven, GasCooktop, Microwave
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityCosta Mesa
Community FeaturesBiking, Curbs, Park, Sidewalks
CoolingNone
CountyOrange
Days on Market1
DirectionsCorner of Walnut and Westminster
Electric Expense0.0
Entry LocationFront
Fuel Expense0.0
Garage Spaces1.0
Garage Y/NYes
Gross Income0.0
HOA0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense3000.0
Interior FeaturesCeilingFans, QuartzCounters
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, Conventional
Lot Size Square Feet11761.0
MLS AreaC5 - East Costa Mesa
MaintenanceExpense2250.0
MobileHomeRemainsYNNo
Net Operating Income81354.0
New ConstructionNo
Operating Expense34115.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalTriplex
Property SubTypeTriplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofComposition
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street NameWalnut
Subdivision NameEastside Central (ECCM)
Tax Lot193
Taxes$24,665
Total Units3
Trash Expense0.0
ViewNone
View Y/NNo
Water Sewer Expense1200.0
Waterfront Y/NNo
Year Built1937
Year Built SourceAssessor

Exterior for 246 Walnut Street

Building Area Total2277.0
Crops Included Y/NNo
FencingVinyl
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre, BackYard, FrontYard, Lawn, SprinklerSystem
Lot Size Acres0.27
Lot Size Area11761.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings3
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking1.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,349,000
MLS#NP24079969
List Date 04/23/2024
Property Type Multi-Family
Phone 714.964.3311
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*According to the National Association of Realtors