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    1592 Caraway Drive

    Costa Mesa, CA 92626
    • $1,700,000
    • STATUS: Active Under Contract
    • ON SITE: 20 days
    • ID#: OC21019509
    Under Contract
    UPDATED: 39 min ago
    $1,700,000
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,622
      SQFT
    • $368
      $/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 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 1598 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 with Newer Double-Pane Windows. Buildings are a very large 4-Plex (the largest standard model in the tract) with approximately 4,622 sq. ft. of living space with large bedrooms, living areas, and spacious closets. 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. Unit A has Central Air and Heating, others have either AC Wall Unit and or Ceiling Fans. There is a central laundry room with a couple of W/D units owned and operated by an outside service company @ a 50/50 split. All units are in excellent condition and have good-sized yards, patios, No missed rents (to date of this listing) 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 2021-02-24T23:28:59.577. 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 Mint Real Estate. Licensed in the State of California, USA.

    www.mymintrealestate.com/homes/113935375
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    1592 Caraway Drive Costa Mesa, CA 92626

    • Price: $1,700,000
    • Status: Active Under Contract
    • Updated: 39 min ago
    • ID#: OC21019509
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    4,622
    SQFT
    $368
    $/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 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 1598 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 with Newer Double-Pane Windows. Buildings are a very large 4-Plex (the largest standard model in the tract) with approximately 4,622 sq. ft. of living space with large bedrooms, living areas, and spacious closets. 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. Unit A has Central Air and Heating, others have either AC Wall Unit and or Ceiling Fans. There is a central laundry room with a couple of W/D units owned and operated by an outside service company @ a 50/50 split. All units are in excellent condition and have good-sized yards, patios, No missed rents (to date of this listing) 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 Entry Location Lower Level Exterior Features Rain Gutters Fence YN Yes Fencing WoodWrought Iron Foundation Details Slab Garage Spaces 5.00 Lot Features LandscapedSprinkler System Lot Size Source Assessor Lot Size Units Square Feet Parking Features DrivewayGarageGarage Faces RearGarage - Single Door Parking Total 10.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes Roof Shingle Spa Features None Spa YN No Uncovered Spaces 5.00 View Neighborhood View YN Yes

    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 Central AirWall/Window Unit(S) Cooling YN Yes Flooring CarpetTileVinyl Heating Central Heating YN Yes Laundry Features Community Levels One Window Features Screens

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 5.09 Community Features Sidewalks Country Us Electric Expense 301.00 Elevation Units Feet Exclusions All Tenants Personal Items Fuel Expense 1143.00 Gardener Expense 1200.00 Gross Income 99994.00 Gross Multiplier 16.80 Gross Operating Income 99994.00 Gross Scheduled Income 98580.00 Insurance Expense 100.00 Land Lease YN No Laundry Equipment Own Lease Lease Laundry Income 1414.00 Laundry YN Yes Maintenance Expense 3280.00 Net Operating Income 86607.00 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 Wall AC 1 Number With Carpet 4 Number With Dishwasher 4 Number With Disposal 4 Number With Range 4 Operating Expense 13387.00 Pest Control Expense 364.00 Property Condition Turnkey Property Sub Type Quadruplex Rent Control YN No Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Trust Tenant Pays Cable TvElectricityGas Total Actual Rent 99180.00 Total Expenses 13485.00 Trash Expense 3700.00 Utilities Electricity ConnectedSewer ConnectedWater Connected Water Sewer Expense 3397.00 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 2021-02-24T23:28:59.577. 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 Mint Real Estate. Licensed in the State of California, USA.

     
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