The Valencia Street Villas is a 4-unit apartment building located in West Costa Mesa, is located strategically located near numerous amenities and is 100% occupied with a mixture of long term and new tenants, all of which are on month-to-month agreements providing an investor the opportunity to increase rents and immediately increase return. The unit mix is a combination of one 3BD/2.5BA unit, one 2BD/1.5BA, one 1BD/1BA and one studio. These units are spacious and well designed along with featuring a large outdoor landscaped entertainment area for residence enjoyment. Additionally, there are 6 total garages to use as an amenity to the tenants coupled with additional storage areas for tenants use. This building is located within an excellent rental location and boasts historically low vacancy rates with ability to drastically increase rents. The Valencia Street Villas have 5 electric meters, 4 gas meters and 1 water meter. Landlord expenses include common expenses which include water trash services. All tenant specific units are separately metered for electricity and gas. The Valencia Street Villas are located near the cross streets of Baker Street and Fairview Road in West Costa Mesa and situated near South Coast Plaza, OC Fair & Event Center, Orange Coast College with close proximity to Southern California's 405 / 73 /55 Freeways Freeways. Coupled with its close proximity to many Southern California's family destinations such as Disneyland.
Listing courtesy of Cameron Irons from SVN / Vanguard
Listing sold by Cameron Irons from SVN / Vanguard
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