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2474 Elden Avenue

Costa Mesa, CA 92627
  • $3,070,000
  • STATUS: Closed
  • ON SITE: 54 Days
  • MLS #: NP24237807
Sold - 01/21/2025
$3,070,000
SOLD - 01/21/2025
  • 0
    BEDS
  • 0.46
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Listing Agent(s): Paula Rayburn of Pavilion Properties (949-463-8974)


Description

Welcome to 2474 Elden Avenue in Eastside Costa Mesa. This charming property is being marketed for the first time EVER! The quintessential Eastside charmer includes six bungalows - five (5) one bedroom/one bath and one (1) two bedrooms/one bath situated on a huge 20,000+ square foot lot. All units include washer/dryer hookups, private one garages with opener, individual yards plus additional off-street parking. The first bungalow has a wood burning fireplace and a large yard. The 2 Bedroom unit at the rear of the property has a huge private yard and extra storage. Numerous upgrades including vinyl windows, LVP or wood flooring, tile and updated kitchens and baths. Ideal rental location on a prime Eastside street with easy access to the Back Bay, fairgrounds, freeways, schools including Orange Coast College, restaurants, shopping and the beach! Great tenants-strong rents but room for rent increases!

Sold by Afshin Jafari of K Pacific Group.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-01-24T10:32:35.073. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/158397678
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2474 Elden Avenue Costa Mesa, CA 92627

  • Price: $3,400,000
  • Status: Closed
  • On Site: 54 Days
  • Updated: 50 min ago
  • MLS #: NP24237807
0
Beds
0
Baths
0
½ Baths
0.46
Acres
1964
Built
Neighborhood:
Eastside Central (Eccm)
County:
Orange
Area:
C5 - East Costa Mesa
Property Description
Welcome to 2474 Elden Avenue in Eastside Costa Mesa. This charming property is being marketed for the first time EVER! The quintessential Eastside charmer includes six bungalows - five (5) one bedroom/one bath and one (1) two bedrooms/one bath situated on a huge 20,000+ square foot lot. All units include washer/dryer hookups, private one garages with opener, individual yards plus additional off-street parking. The first bungalow has a wood burning fireplace and a large yard. The 2 Bedroom unit at the rear of the property has a huge private yard and extra storage. Numerous upgrades including vinyl windows, LVP or wood flooring, tile and updated kitchens and baths. Ideal rental location on a prime Eastside street with easy access to the Back Bay, fairgrounds, freeways, schools including Orange Coast College, restaurants, shopping and the beach! Great tenants-strong rents but room for rent increases!
Exterior Features

Architectural Style Bungalow Carport Spaces 1 Carport YN Yes Entry Level 1 Entry Location Front Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 6 Open Parking Spaces 2 Parking Features AssignedConcreteDirect AccessGarage Faces FrontGarage Parking Total 10 Pool Features None Pool Private YN No Property Attached YN No View Neighborhood View YN Yes

Interior Features

Common Walls No Common Walls Fireplace Features Living Room Fireplace YN Yes Flooring See Remarks Heating Wall Furnace Heating YN Yes Interior Features All Bedrooms Down

Property Features

Additional Parcels YN No Buyer Financing Cash Cap Rate 3.68 Common Interest None Community Features Curbs Electric Expense 0 Garage YN Yes Gross Income 186540 Gross Scheduled Income 186540 Insurance Expense 10000 Land Lease YN No Laundry Features Washer HookupGas Dryer Hookup Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New Loan Net Operating Income 125325 New Construction YN No New Taxes Expense 36000 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Of Units Leased 6 Operating Expense 61215 Property Condition Updated/Remodeled Property Sub Type Mixed Use Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 15545 Trash Expense 3419 Utilities Cable AvailableSewer ConnectedWater Connected Vacancy Allowance 1865 Vacancy Allowance Rate 1 Water Sewer Expense 1218 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-01-24T10:32:35.073. 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 deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Paula Rayburn of Pavilion Properties (949-463-8974)