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Additional details
$ 2,150,000
Est. payment /mo
New
1635 Coriander Drive Costa Mesa, CA 92626
5 Beds
4 Baths
8,001 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26163488
Bedrooms 5
Lot Size 8,001 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Coriander Drive is a rare four-unit investment opportunity located on the spice streets in the highly sought-after Mesa Verde neighborhood of Costa Mesa. The property features an exceptional unit mix consisting of one spacious three-bedroom unit and three well-designed two-bedroom units, catering to a broad tenant base seeking larger floor plans with units ranging from 1000-1600 sqft. in one of Orange Countys most desirable rental markets. The property has been well maintained and benefits from recent exterior improvements, including upgrades staircases, new windows, new tankless water heater, allowing a new owner to capitalize on a stable in-place income stream while continuing to enhance the asset over time. Positioned on a generous lot with seven on-site parking spaces, the property offers an amenity that is increasingly valuable in the Costa Mesa market. With below-market rents, investors have the opportunity to achieve meaningful rental upside as units naturally turn over, creating the potential for increased cash flow and long-term appreciation.
Location
State CA
County Orange
Zoning Public Rec
Direction Going South on Harbor Blvd., Turn Right Onto Date Pl., Turn Right Onto Cinnamon Ave., Turn Left Onto Coriander Dr., Property Wil
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 13949202
Acceptable Financing Conventional
Listing Terms Conventional
Listed by Chris Keramati, DRE#01702116 Triqor Group
NEARBY SCHOOL & BUSINESS
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