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115 E Wilson Street , A-E

Costa Mesa, CA 92627
  • $6,500,000
  • STATUS: Active
  • ON SITE: 28 Days
  • ID#: OC22150499
$6,500,000
  • 0
    BEDS
  • 0.48
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2005
County:

School Ratings & Info

Listing Agent(s): Andrew Rebuliod'angelo of Agentinc (949-791-8160) and Hoda Hajirnia of ()


Description

Offered for the first time ever as one complete income property, this five-home, SFR detached compound in Eastside Costa Mesa presents an exceptionally investment opportunity. Boasting close proximity to the 55 Freeway, the property is currently being operated by a well-respected company under a master lease, with each home highlighted by four bedrooms and three baths in approximately 2,454 square feet. State-of-the-art solar panels power all five residences, which also feature paver-finished patios, high ceilings, clerestory windows, attached two-car garages, fireplaces, crown molding, and bright and open floor plan designs. Kitchens showcase islands, granite countertops and stainless steel appliances, and primary suites host walk-in closets and private baths with showers and separate soaking tubs. The enclave is enviably convenient to restaurants, shopping, excellent schools, golf courses, parks, Newports Back Bay and miles of world-renowned beaches. Take advantage of this ultra-rare opportunity fully leased asset with an A+ credit tenant/operator. Tenant/ operator is on a NNN master lease.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-09T00:27:42.27. 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 Villa Real Estate. Licensed in the State of California, USA.
www.thecharlieprice.com/homes/130759296
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115 E Wilson Street , A-E Costa Mesa, CA 92627

  • Price: $6,500,000
  • Status: Active
  • On Site: 28 Days
  • ID#: OC22150499
0
Beds
0
Baths
0
½ Baths
0.48
Acres
2005
Built
Neighborhood:
C5 - East Costa Mesa
County:
Orange
Area:
C5 - East Costa Mesa
Property Description
Offered for the first time ever as one complete income property, this five-home, SFR detached compound in Eastside Costa Mesa presents an exceptionally investment opportunity. Boasting close proximity to the 55 Freeway, the property is currently being operated by a well-respected company under a master lease, with each home highlighted by four bedrooms and three baths in approximately 2,454 square feet. State-of-the-art solar panels power all five residences, which also feature paver-finished patios, high ceilings, clerestory windows, attached two-car garages, fireplaces, crown molding, and bright and open floor plan designs. Kitchens showcase islands, granite countertops and stainless steel appliances, and primary suites host walk-in closets and private baths with showers and separate soaking tubs. The enclave is enviably convenient to restaurants, shopping, excellent schools, golf courses, parks, Newports Back Bay and miles of world-renowned beaches. Take advantage of this ultra-rare opportunity fully leased asset with an A+ credit tenant/operator. Tenant/ operator is on a NNN master lease.
Exterior Features

Architectural Style SpanishTraditional Entry Location Ground Level Fencing Block Foundation Details Slab Lot Features 11-15 Units/AcreBack YardFront YardNear ParkPaved Number Of Separate Electric Meters 5 Open Parking Spaces 2 Parking Features Direct AccessDrivewayGarage Faces FrontGarage Parking Total 4 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof Tile Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Built-In RangeDouble OvenDishwasherFreezerDisposal Common Walls No Common Walls Cooling Central Air Cooling YN Yes Fireplace Features Dining Room Fireplace YN Yes Heating Central Heating YN Yes Interior Features Ceiling Fan(S)Cathedral Ceiling(S)Granite CountersHigh CeilingsEntrance FoyerWalk-In Closet(S) Window Features Casement Window(S)

Property Features

Additional Parcels YN Yes Association Amenities Management Association Fee 162.5 Association Fee Frequency Monthly Association YN Yes Cap Rate 4.1 Common Interest Planned Development Community Features BikingCurbsDog ParkGolfGutter(S)HikingStorm Drain(S)Street LightsSuburbanSidewalksWater SportsPark Contingency Contact Listing Agent Direct For Lease information. Current Lease is 1 Year Lease With 31 Year Options To Extend Once Executed. Current Financing Conventional Electric Photovoltaics Seller Owned Garage YN Yes Gross Income 0 Gross Scheduled Income 300000 Insurance Expense 0 Land Lease YN No Laundry Features In Garage Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Net Operating Income 300000 New Construction YN No Number Of Separate Gas Meters 5 Number Of Separate Water Meters 5 Number Of Units Leased 5 Operating Expense 0 Possession See Remarks Property Sub Type Single Family Residence Rent Control YN No Security Features Carbon Monoxide Detector(S)Firewall(S)Fire Sprinkler SystemResident ManagerSmoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Association FeesExterior MaintenanceGrounds Care Total Actual Rent 300000 Trash Expense 0 Utilities Cable ConnectedElectricity ConnectedNatural Gas Connected Vacancy Allowance Rate 0 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-09T00:27:42.27. 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 Villa Real Estate. Licensed in the State of California, USA.
 
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Villa Real Estate
450 Newport Center Drive, Suite 100
Newport Beach CA, 92660
Listing Agent(s): Andrew Rebuliod'angelo of Agentinc (949-791-8160) and Hoda Hajirnia of ()