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    1598 Caraway Drive

    Costa Mesa, CA 92626
    • $1,700,000
    • STATUS: Active Under Contract
    • ON SITE: 22 days
    • ID#: OC21019537
    Under Contract
    UPDATED: 25 min ago
    $1,700,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,613
      SQFT
    • $369
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1966
    County:

    School Ratings & Info

    Description

    HURRY TO TAKE ADVANTAGE OF THIS GREAT AND EXTREMELY RARE OPPORTUNITY TO PURCHASE ONE OR TWO TURNKEY SIDE BY SIDE Costa Mesa's very desirable "Spice Street Tract." In a great rental area of Costa Mesa. You can purchase the subject property along with the court-yard adjacent 4-Plex at 1592 Caraway Drive. Extremely well located in Costa Mesa, only a few miles from the beach in the "Mesa Verde" area with easy access to the 405, 73, and 55 freeways. Very clean, beautiful, and wide concrete paved alley. Buildings are a very large 4-Plex (the largest standard model in the tract) with approximately 4,623 sq. ft. of living space with large bedrooms, living areas, and spacious closets. Newer Double-Pane Windows. The 3br unit is approx. 1,568'/2brs approx. 1,026'. Located on a 7,851 sq. ft. lot. 1 Double Garage. 3 Single Garage + 5 Parking Spaces. There is a central laundry room with a few washers and dryers owned and operated by an outside service company 50/50 split. The units are in good condition and some have good-sized yard and patios, No missed rents during Covid-19! The spacious yard and mature trees add to the charm and comfortable, quiet atmosphere. All expenses are estimated+GGPro forma rent over $112,000.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-02-27T10:26:11.357. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Jessica Foote & Associates. Licensed in the State of California, USA.

    www.teamfooterealestate.com/homes/113938400
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    1598 Caraway Drive Costa Mesa, CA 92626

    • Price: $1,700,000
    • Status: Active Under Contract
    • Updated: 25 min ago
    • ID#: OC21019537
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    4,613
    SQFT
    $369
    $/SQFT
    1966
    Built
    Neighborhood:
    C1 - Mesa Verde
    County:
    Orange
    Area:
    C1 - Mesa Verde
    Property Description
    HURRY TO TAKE ADVANTAGE OF THIS GREAT AND EXTREMELY RARE OPPORTUNITY TO PURCHASE ONE OR TWO TURNKEY SIDE BY SIDE Costa Mesa's very desirable "Spice Street Tract." In a great rental area of Costa Mesa. You can purchase the subject property along with the court-yard adjacent 4-Plex at 1592 Caraway Drive. Extremely well located in Costa Mesa, only a few miles from the beach in the "Mesa Verde" area with easy access to the 405, 73, and 55 freeways. Very clean, beautiful, and wide concrete paved alley. Buildings are a very large 4-Plex (the largest standard model in the tract) with approximately 4,623 sq. ft. of living space with large bedrooms, living areas, and spacious closets. Newer Double-Pane Windows. The 3br unit is approx. 1,568'/2brs approx. 1,026'. Located on a 7,851 sq. ft. lot. 1 Double Garage. 3 Single Garage + 5 Parking Spaces. There is a central laundry room with a few washers and dryers owned and operated by an outside service company 50/50 split. The units are in good condition and some have good-sized yard and patios, No missed rents during Covid-19! The spacious yard and mature trees add to the charm and comfortable, quiet atmosphere. All expenses are estimated+GGPro forma rent over $112,000.
    Exterior Features

    Architectural Style Traditional Construction Materials Stucco Exterior Features Rain Gutters Fence YN Yes Fencing WoodWrought Iron Foundation Details Slab Garage Spaces 5.00 Lot Features Front Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Features Driveway LevelGarage Parking Total 5.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Roof Shingle Spa Features None Spa YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Flooring CarpetTile Heating Central Heating YN Yes Laundry Features Community Levels One

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 5.00 Community Features Sidewalks Country Us Electric Expense 298.00 Elevation Units Feet Fuel Expense 904.00 Gardener Expense 1200.00 Gross Income 96281.00 Gross Operating Income 96281.00 Gross Scheduled Income 94740.00 Insurance Expense 100.00 Land Lease YN No Laundry Income 1541.00 Laundry YN Yes Maintenance Expense 3370.00 Net Operating Income 82720.00 New Construction YN No New Taxes Expense 17153.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Number With Carpet 4 Number With Dishwasher 4 Number With Disposal 4 Number With Range 4 Operating Expense 13561.00 Pest Control Expense 364.00 Property Condition Turnkey Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions StandardTrust Tenant Pays ElectricityGas Total Actual Rent 7895.00 Total Expenses 19475.00 Trash Expense 4048.00 Utilities Natural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 3605.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Frank Shamoo of Active Realty and Jennifer Aguilarshamoo of Active Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-02-27T10:26:11.357. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Jessica Foote & Associates. Licensed in the State of California, USA.

     
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