120 Albert Place, Costa Mesa, CA 92627

$3,975,000
List Price
$3,975,000
Status
ACTIVE UNDER CONTRACT
MLS#
OC17266615
Year Built
1971
Lot Size
16,553
Lot Location
Level with Street, Lot 10000-19999 Sqft
Days on Market
12
Property Type
Multifamily
Stories
Two Level
Neighborhood
Eastside Central (Eccm)

Property Description

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.

Additional Information

Tract Number
0000
Lot Description
Sidewalks, Suburban
Appliances
Electric Oven, Electric Range
Pool Description
None
Heat
Wall Heater, Radiant
Cooling Description
None
Roof
Shingle, Tar/Gravel
Garage Spaces Total
12
Water
Public
Attached Structure
Attached

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Steven Brombal from Kidder Mathews of California

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.