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2246 2250 Canyon DR Costa Mesa, CA 92627
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Key Details
Sold Price $3,050,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW15260511
Sold Date 08/01/16
HOA Y/N No
Year Built 1961
Lot Size 0.687 Acres
Property Description
Just Reduced $70k!!! **4-27-16 Update - The property is available again; buyer did not perform. Seller recently spent approximately $150k on a new parking area, block retaining walls, landscaping, trash enclosures, underground power service, etc. Call for details.** The Canyon Apartments consist of 3 separate buildings on adjacent parcels, being sold together. 2246 and 2248 are 4 units each, and 2250 is 3 units. An investor has the option to do three separate residential loans, and lock in a 30 year fixed interest rate. All units are 2BR/1BA, and there is substantial upside in the rents. The huge lots also offer potential development opportunities. The property is in a fantastic location, near the Costa Mesa/Huntington Beach border.
Location
State CA
County Orange
Area C2 - Southwest Costa Mesa
Interior
Fireplace No
Exterior
Parking Features On Street
Pool None
Community Features Curbs, Sidewalks
Utilities Available Sewer Available
Private Pool No
Building
Lot Description 11-15 Units/Acre
Story Two
Entry Level Two
Water Public
Level or Stories Two
Others
Tax ID 42207203
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Damien Breaux • Morgan Skenderian
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Chrystal & David Schoenbrun
Realtor/Broker Associate | License ID: 01409474 & 01761327