Costa Mesa, CA 92626 1548 N Elm Avenue
$1,475,000
9 more
Presented By: Bob Walz with New Dimension Investment Prop; 714-393-8060
- MLS# OC25144160
- 06/26/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 3
Baths • 1
SQFT • 3,167
Garage • 3
Home Details
PRICED TO SELL!!! Sellers have already secured their up-leg 1031 Exchange property. This property is in an excellent rent area near Mesa Verde in Costa Mesa. Excellent unit mix with a single story 2br-1ba plus den converted to a 3rd bedroom, living room fireplace, large yard and no one above. These tenants will be moving out shortly after close of escrow. So, you will be able to then rent it out at market rent. There is also (2) 2br-1.5ba townhouse units with large patios and large living rooms as well as large bedrooms. All units have a 1 car private enclosed garage and each unit has it's own washer and dryer hookup inside the each unit. The entire roof has been recently replaced with all new plywood and asphalt shingles at the cost of approx, $35,000. the building has all newer windows and sliding doors as well. This is an excellent long term apartment property investment in an excellent area of Costa Mesa. Hurry on this one!!!
Presented By: Bob Walz with New Dimension Investment Prop; 714-393-8060
Interior Features for 1548 N Elm Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesLivingRoom
Fireplace Y/NYes
Heating Y/NYes
Laundry FeaturesWasherHookup, ElectricDryerHookup, GasDryerHookup
Total Stories2
Other Rooms
Entry Level1
General for 1548 N Elm Avenue
Additional Parcels Y/NNo
AppliancesDisposal, GasOven, GasRange
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityCosta Mesa
Community FeaturesCurbs
CountyOrange
DirectionsNorth of Adams and West of Harbor
ElectricElectricityOnProperty, Standard
Entry Location1st Flr.
Garage Spaces3.0
Garage Y/NYes
Gross Income64140.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense9613.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Conventional
Lot Size Square Feet7151.0
Lot Size UnitsSquareFeet
MLS AreaC1 - Mesa Verde
MobileHomeRemainsYNNo
Net Operating Income41890.0
New ConstructionNo
Number Of Units Total3
Number of Units Leased3
Operating Expense22252.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
RoofComposition, Shingle
Senior Community Y/NNo
SewerSewerTapPaid
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories2
Subdivision Nameother
Tax Lot12
Tenant PaysElectricity, Gas
Total Actual Rent5300.0
Trash Expense0.0
UtilitiesCableAvailable, CableConnected, ElectricityAvailable, ElectricityConnected, NaturalGasAvailable, NaturalGasConnected, PhoneAvailable, PhoneConnected, WaterAvailable, WaterConnected
Water Sewer Expense1701.0
Year Built1960
Year Built SourcePublicRecords
Exterior for 1548 N Elm Avenue
Building Area Total3167.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLawn, NearPublicTransit, RectangularLot, SprinklerSystem, StreetLevel, Yard
Lot Size Acres0.1642
Lot Size Area7151.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Private PoolNo
SpaNo
Total Parking3.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate