984 El Camino Drive, Costa Mesa, CA 92626
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Listed Price :
$3,450,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1964
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.
Interior Features
| Laundry Information |
| Location(s) |
Common Area, Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Interior Information |
| Cooling Type |
Central Air |
Listing Information
| Address |
984 El Camino Drive |
| City |
Costa Mesa |
| State |
CA |
| Zip |
92626 |
| County |
Orange |
| Listing Agent |
Rick Applebaum DRE #01273871 |
| Co-Listing Agent |
Paul Espinosa DRE #01942627 |
| Courtesy Of |
Morgan Skenderian |
| List Price |
$3,450,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Apartment |
| Structure Size |
N/A |
| Lot Size |
7,405 |
| Year Built |
1964 |
Listing information courtesy of: Rick Applebaum, Paul Espinosa, Morgan Skenderian. *Based on information from the Association of REALTORS/Multiple Listing as of Mar 4th, 2025 at 1:08 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
