2280 PAMELA LN COSTA MESA, CA 92627

Features

• Price/sqft: $632
• Lot Size: 6827
• Total Units: 3
• Total Rooms: 5
• Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5

Facts

• Year Built: 01/01/1972
• Property ID: 891627840
• MLS Number: 24-404525
• Parcel Number: 422-372-22
• Property Type: Multi-family (5 or more units)
• County: ORANGE
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. Welcome to 2280 Pamela Lane, an exceptional coastal Orange County tri-plex. This property is conveniently located in the heart of the Newport-Mesa area with easy access to the world-class beaches of Newport and Huntington Beach, both just minutes away. This multi-family is also in close proximity to local schools, shopping, retail, top tier dining and entertainment options, as well as amazing parks with miles of bike and hiking trails. Located on a large 7,022 sq ft. corner lot with swaying palms and mature landscaping, this property gives off the vibe of a Hawaiian vacation home. It features an excellent unit mix of 3 spacious units. The front unit has #A) 3 bedrooms and 2 baths, with a large private patio and living room fireplace. Unit #B) 1 bedroom and 1 bath with an enclosed patio. Unit #C) 2 bedrooms and 2 baths with enclosed patio, and beamed vaulted ceilings. Each unit has a separate one car garage for storage or parking. There is also off-street parking for an additional 3-4 cars. The current long-term tenants are all on month-to-month leases renting at below market rates. The value-add opportunity is in renovating the units and bringing rents up to market rates. Strategic improvements would add significant value to this income property in this rapidly appreciating Costa Mesa submarket.