Albert Place is located in the desirable Eastside Costa Mesa submarket and features 11 units of (10) two-bedroom , one bath and (1) large one bedroom unit. The property is located minutes to South Coast Plaza, the 17th Street retail corridor and the Newport Beach peninsula. Each unit is separately metered for electricity, and each unit has either a private patio or balcony. Two upstairs corner units have two balcony's and the four upstairs corner units have vaulted ceilings and are larger than the other two bedroom floor-plans. There is an attractive painted brick veneer building and garage siding at the entrance to the property and a resident BBQ area tucked away privately a the back of the lot. With rents escalating significantly over the past number of years current rents are approximately 12% under market levels which are being attained in other communities in the area. It is a pet friendly building, however no pet rent premiums are being charged. There are (6) double-enclosed garages and (8) covered parking spaces. Some unit interiors have wide vinyl plank wood-styled flooring. Central water heaters which are solar heated service the hot water. The driveway has a new section of asphalt and new slurry coating. This a rare offering in Eastside Costa Mesa and is a great property for an up-leg replacement property. Drive By Only; property shown with accepted offer.
Listing courtesy of Steven Brombal from Kidder Mathews of California
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