125 E Bay Street, Costa Mesa, CA 92627

About this fourplex

The E. Bay fourplexes consist of three adjacent 4 unit investment properties all with separate APNs. The addresses are 117, 121, and 125 E. Bay Street and are situated in one of the most desirable rental markets, “Eastside Costa Mesa”. Each building features four 2 bedroom / 1 bathroom units which are all separately metered for gas/electricity, and are approximately 787 square feet in size. Tenants benefit from on-site laundry, covered garages, close proximity to freeways, beaches, and all the shopping and entertainment 17th street has to offer. This is an amazing opportunity for the savvy investor to acquire three side by side multi-family apartment buildings that are fully leased and offers the opportunity to increase rents and improve on the current cap rate. 121 and 125 E. Bay must be sold together. Don’t miss out on this opportunity.

Listing description from the September 2019 sale, as reported to CRMLS.

Sale history

$1,500,000

Sold September 2019 · listed $1,595,000, on market March 2019 · MLS #NP19066132 · Source: CRMLS

Listing Agent: Timothy Carr · Listing Office: Villa Real Estate · Contact: 949-717-6000 · Bought with: Elizabeth Thamer · Villa Real Estate

$1,062,500

Sold August 2013 · listed $1,098,000, on market April 2013 · MLS #OC13062481 · Source: CRMLS

Listing Agent: Pat Swanson · Listing Office: Pat Swanson · Contact: 949-724-5564 · Bought with: Mike Quinn · R.E.O. Services, Inc

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