Residential Income — 220 Knox Place, Costa Mesa, CA
$4,000,000
220 Knox Place, Costa Mesa, CA
About this property
RARE ASSET! First time on the market in 60+ years, 220 and 226 Knox Place offer a generation-defining acquisition preferred to be sold together. This exceptional property consists of two separate side-by-side duplexes that look, feel, and function as seamless Quadruplex connected by a shared driveway. The portfolio features four spacious two-bedroom, one bathroom units- with each duplex measuring approximately 1,627 sq-ft making each individual unit roughly 813 sq ft. of comfortable living space complete with individual laundry hookups. Enhancing their appeal, both rear Units boast their own private backyards and there are two car garages, each unit shares one garage. The rear unit at 220 Knox Pl features a charming three-season Sun room!! LOCATION, LOCATION, LOCATION!!! Situated directly adjacent to Heller Park with no side neighbors for maximum privacy. The location is unbeatable in a very desirable area in Newport Heights/Costa Mesa! just a few blocks away from all the lively dining and retail along 17th st and only six minutes away to Balboa Peninsula in Newport Beach. This property is a high-performing investment and a perfect candidate for multi-unit development. With Three tenant-occupied units providing immediate, stable income, this rare property serves as both high-performing income asset and a premier candidate for future multi-unit redevelopment on two adjacent parcels. An rare multi-family OPPORTUNITY to acquire a side-by-side multi-unit lot in this prime location, will not present itself anytime soon!
Property details
Location
220 Knox Place • Costa Mesa, CA 92627
Listed by
Olivia Lebegue · Keller Williams Realty