Open House 6/8 12pm - 3pm
150 Cecil Place
Costa Mesa, CA, 92627 $ 2,165,000
Bedrooms2 Baths1.0 Sq 2,280 Monthly Estimate*
$ 14,389
for $2,165,000 with 2 bedrooms and 1 full bath. This 2,280 square foot home was built in 1947 on a lot size of 0.2.
Welcome to this rare opportunity to own a Triplex comprising two buildings nestled on an expansive 8,500+ SF Corner Lot in the highly sought-after East Side Costa Mesa neighborhood. This property presents an ideal combination of modern upgrades, convenience, and the potential for future growth, making it a must-see for investors and homeowners alike. Front Unit: 2 Bed, 2 Bath Standalone SFR The front unit of this triplex is a beautifully renovated 2-bedroom, 2-bathroom home that exudes warmth and comfort. Offering the privacy of a standalone single-family residence, this dwelling boasts an inviting interior that has undergone extensive renovations, providing a contemporary and stylish living space. The thoughtful layout allows for seamless movement from the spacious living areas to the well-appointed bedrooms. This unit comes complete with a large front and back yard, creating a perfect oasis for relaxation and entertaining. Rear Building: Top and Bottom Duplex Situated at the rear of the lot, each unit comprised of 1 bedroom and 1 bathroom. These renovated units offer comfortable living spaces and the added convenience of individual laundry facilities on-site. The duplex units are blessed with a generous yard space, affording residents the luxury of outdoor enjoyment and the prime opportunity for pets. Located on a corner lot, this triplex benefits from dual access points. The duplex can be conveniently accessed from Elden Ave driveway, while the front house enjoys direct driveway access from Cecil Pl. The East Side Costa Mesa locale is renowned for its charming ambiance, tree-lined streets, and proximity to an array of amenities. Residents can relish easy access to local shops, restaurants, parks, and top-rated schools, enhancing the appeal of this already highly desirable property. As a unique bonus, this triplex offers significant potential for future expansion and added value. With the generous lot size, there is ample room to accommodate an ADU (Accessory Dwelling Unit) in between both buildings, providing a chance to increase rental income or accommodate extended family members while further enhancing the property's overall value. Whether you are seeking a lucrative investment opportunity or a place to call home, this property promises versatility, modern amenities, and a prime location.
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Open House
6/8/2024 12:00 PM - 3:00 PM
150 Cecil Place Costa Mesa, CA
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm
FeaturesGeneralSewer PublicSewer
Cooling None
Garage Spaces 0.0
Pool Features None
Year Built 1947
Tenant Pays AllUtilities
Property SubType Triplex
Gross Income 10000.0
Community Features Curbs StreetLights Sidewalks
County Orange
Net Operating Income 87896.0
Operating Expense 32104.0
Insurance Expense 1875.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Pending
Directions Cecil place and Elden Ave
City Costa Mesa
Entry Location 1
View Y/N N
Senior Community Y/N N
NumberOfUnitsTotal 3
MLS Area C5 - East Costa Mesa
Lot Size Units SquareFeet
Lot Size Square Feet 8712.0
Private Pool N
Waterfront Y/N N
Carport Spaces 2.0
Carport Y/N Y
Street Name Cecil
Listing Terms Cash CashtoNewLoan Conventional Item1031Exchange
Property Attached Y/N N
Land Lease Y/N N
Electric Expense 1500.0
Home Warranty Y/N N
Fuel Expense 0.0
Trash Expense 0.0
Water Sewer Expense 1164.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 165
Building Area Units SquareFeet
Standard Status Pending
Year Built Source Assessor
Tax Lot 41
Property Sub Type Additional Triplex
Expected Active Date 2023-11-01
Taxes 24145.0
Cap Rate 4.0
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InteriorFlooring Vinyl
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Place
Laundry Features CommonArea LaundryCloset LaundryRoom
Entry Level 1
Electric On Property Y/N N
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ExteriorLot Features Item01UnitAcre Lawn Landscaped StreetLevel
Water Source Public
Total Parking 2.0
Lot Size Area 8712.0
Number of Buildings 2
Spa N
Building Area Total 2280.0
Lot Size Acres 0.2
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 2
Number of Separate Electric Meters 3
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $14,389
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Costa Mesa, CA
Average List Price $2,789,433
Percent of Sale Price 29%
About Costa Mesa, CA 114,059 Population
4% Since 2002
$ 74,468 Median Income
36.81 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
3/20/2024 | $2,165,000 | -1.37% | Price Down |
11/2/2023 | $2,195,000 | | Listed Price |