788 Joann Street

    Costa Mesa, CA 92627
    • $824,900
    • STATUS: Active
    • ON SITE: 7 days
    • ID#: PW18166403
    Price Reduced
    UPDATED: 11 min ago
    $824,900
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,346
      SQFT
    • $613
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    Description

    Long time owner is selling this great Duplex! 2 Bedroom, 1 bath and a 1 Bedroom, 1 Bath unit. 1 Bedroom unit was rented to a college student friend. Rent was only $550 for that unit, market rent for the 1 Bedroom should be $800 especially if your rent includes access to the enclosed garage. The 2 Bedroom unit is using the 2 car garage, 2 Bedroom unit is only paying $1,100 per month rent, market rent for that unit is $1,800. 2 Bedroom does have laundry inside, 1 Bedroom does not have hookups. Great upside potential on this property.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-20T12:30:29.243. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/85562153

    788 Joann Street Costa Mesa, CA 92627

    • Price: $824,900
    • Status: Active
    • Updated: 11 min ago
    • ID#: PW18166403
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1,346
    SQFT
    $613
    $/SQFT
    1959
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    C2 - Southwest Costa Mesa
    Property Description
    Long time owner is selling this great Duplex! 2 Bedroom, 1 bath and a 1 Bedroom, 1 Bath unit. 1 Bedroom unit was rented to a college student friend. Rent was only $550 for that unit, market rent for the 1 Bedroom should be $800 especially if your rent includes access to the enclosed garage. The 2 Bedroom unit is using the 2 car garage, 2 Bedroom unit is only paying $1,100 per month rent, market rent for that unit is $1,800. 2 Bedroom does have laundry inside, 1 Bedroom does not have hookups. Great upside potential on this property.
    Exterior Features

    Architectural Style Craftsman Construction Materials Stucco Fence YN Yes Fencing Block Garage Spaces 2.00 Lot Features Front YardLevel With StreetSprinklers In Front Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage - Single DoorShared Driveway Parking Total 2.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Roof Composition View City Lights View YN Yes

    Interior Features

    Appliances Gas Range Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Wall HeaterNatural Gas Heating YN Yes Laundry Features See Remarks Levels One Room Type All Bedrooms DownMain Floor BedroomMain Floor Master Bedroom

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cable Tv Expense 0.00 Community Features Golf CourseStreet Lighting Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 660.00 Gross Equity 849000 Gross Income 39000.00 Gross Scheduled Income 39000.00 Gross Spendable Income 31200.00 Have Duplex Insurance Expense 1100.00 Land Lease YN No Laundry Income 0.00 Laundry YN Yes Net Operating Income 27280.00 New Taxes Expense 9660.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 1 Number With Carpet 2 Number With Dishwasher 0 Number With Disposal 0 Number With Range 2 Number With Refrigerator 0 Operating Expense 11720.00 Present Loans 0 Rent Control YN No Senior Community YN No Special Listing Conditions Standard Subdivision Name Other None Tenant Pays Cable TvElectricityGas Total Expenses 11720.00 Trash Expense 0.00 Utilities Sewer ConnectedWater Connected Water Sewer Expense 300.00 Water Source Public

    Listing provided courtesy of Larry Weichman of The L3 and Laurie Weichman of L3/Weichman Realtors.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-20T12:30:29.243. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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