336 Cabrillo St
Costa Mesa, CA 92627
Custom Fourplex · Multifamily Property For Sale · 4 Units

(See 6-pg Flyer attached) Rarely available custom-designed four-unit property constructed in 1987 in the coveted Eastside Costa Mesa submarket. The property is directly adjacent and a brief walk to the 17th Street retail corridor. Spanish architecture featuring massive archways, tile roofing, and spacious floorplans make this a unique and one-of-a-kind offering. There are (3) two-bedroom, 1.5-bath townhouse units each with a private enclosed yard. Unit A in the front of the building has a balcony and private yard and could command a site-specific rent. Units B and C are the other townhouse units which also feature private enclosed yards. Unit D is a two-bedroom, 1.75-bath floorplan featuring a separate bath with a stall shower, and is located upstairs all on one level with a balcony off the master bedroom. All townhouse units include interior laundry hookups for a full-sized washer and dryer, while unit D has interior laundry hookups for a stacked washer-dryer. There are three open parking spaces in front of the building outlined with concrete curbing and mature landscaping. There are four tuck-under covered parking spaces with individual storage cabinets, and one open space –all at the rear of the property. The units are individually metered for gas and electricity, and each unit has a separate hot water heater and forced-air heating. Owner utility responsibilities are minimal covering outside lights, water, and sewer. The average rent is currently $2,050 with the last rent increase effective June 2019. Pro forma market rents average $2,611 and are based upon the location and unit amenities. Rents have been collected for April and the management company is not anticipating issues going forward based upon past employment history and historical rent collections.