246 Walnut Street Costa Mesa, CA ^$ 2,349,000

246 Walnut Street

^$ 2,349,000

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Recently Listed

246 Walnut Street

Costa Mesa, CA, 92627

^$ 2,349,000

Bedrooms5 Baths3.0 Sq 2,277

Monthly Estimate*

^$ 16,408

Listed by Pacific Sotheby's Int'l Realty

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Multi-Family Home for sale in Costa Mesa, CA

for $2,349,000 with 5 bedrooms and 3 full baths. This 2,277 square foot home was built in 1937 on a lot size of 0.27.

We are pleased to present the sale of 246 Walnut Street, a 3-unit multifamily property located in the City of Costa Mesa. This pride of ownership property features a favorable mix of units with (2) 2 bedroom / 1 bathroom units and (1) 1 bedroom / 1 bathroom unit. Each bungalow is detached from one another and have been nicely remodeled boasting laminate flooring, quartz countertops, white cabinetry, stainless steel appliances, dual pane windows, and recessed lighting. The property sits on an oversized lot measuring approximately 11,761 SF and two of the units had a new roofs installed in 2023. Tenants enjoy close proximity to beaches, parks, The Triangle, and all the amenities 17th Street has to offer! This is a rare opportunity to acquire a highly upgraded asset in one of the most desirable rental markets, Eastside Costa Mesa!

Multi-Family Active

Price

^$ 2,349,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Triplex

Lot Size

0.27

Year Built

1937

Town/City

Costa Mesa

County/Region

Orange

MLS | Web ID

NP24079969

Days on Market

Features

General

Interior Features CeilingFans QuartzCounters

Sewer PublicSewer

Cooling None

Roof Composition

Appliances Dishwasher ElectricOven GasCooktop Microwave

HOA 0.0

Garage Spaces 1.0

Pool Features None

Security Features CarbonMonoxideDetectors SmokeDetectors

Year Built 1937

View None

Stories 1

Levels One

Property SubType Triplex

Gross Income 0.0

Community Features Biking Curbs Park Sidewalks

County Orange

Net Operating Income 81354.0

Operating Expense 34115.0

Insurance Expense 3000.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Subdivision Name Eastside Central (ECCM)

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions Corner of Walnut and Westminster

City Costa Mesa

Entry Location Front

View Y/N N

Senior Community Y/N N

Total Units 3

MLS Area C5 - East Costa Mesa

Lot Size Square Feet 11761.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Walnut

Listing Terms Cash Conventional

Spa Features None

Property Attached Y/N N

Land Lease Y/N N

Electric Expense 0.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 0.0

Water Sewer Expense 1200.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 1

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 193

Property Sub Type Additional Triplex

Taxes 24665.0

Interior

Flooring Laminate

Total Stories 1

Common Walls NoCommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Window Features DoublePaneWindows

Fireplace Y/N N

Street Suffix Street

Laundry Features ElectricDryerHookup GasDryerHookup

Entry Level 1

Electric On Property Y/N N

Exterior

Fencing Vinyl

Lot Features Item01UnitAcre BackYard FrontYard Lawn SprinklerSystem

Water Source Public

Total Parking 1.0

Lot Size Area 11761.0

Number of Buildings 3

Spa N

Building Area Total 2277.0

Lot Size Acres 0.27

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 2

Number of Separate Electric Meters 2

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 246

* Excluded Features

List By

Pacific Sotheby's Int'l Realty

Broker

(949) 554-1200

Phone

Affordability Calculator

$16,408

Per Month

Monthly Principal & Interest: $16,408
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Costa Mesa, CA

Average List Price ^$2,679,444

Percent of Sale Price 14%

About Costa Mesa, CA

114,059 Population

4% Since 2002

^$74,468 Median Income

36.81 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/23/2024	$2,349,000		Listed Price

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246 Walnut Street, Costa Mesa, CA, 92627 is a Multi-Family Home for sale at $2,349,000 with 2,277 sqft and a lot size of 0.27. 246 Walnut Street has 5 bedrooms, 3.0 baths, and was built in 1937. The property's zip code is 92627 which is in Costa Mesa, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/14/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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246 Walnut Street

Multi-Family Home for sale in Costa Mesa, CA

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