311 West Wilson Street new Save Request In-Person Tour Request Virtual Tour
Costa Mesa,CA 92627
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 10,092 sqft
Price per Sqft $564
MLS Listing ID OC-25007279
Year Built 1960
Lot Size 0.480 Acres
Property Description
311 W. Wilson St is a 14-unit multifamily investment property located in the desirable coastal community of Costa Mesa, CA. The property features an excellent mix of 50% - 2 bedroom / 1 bathroom and 50% - 1 bedroom / 1 bathroom units with the upstairs units featuring vaulted ceilings and large semi-private front balconies, and downstairs units feature large semi-private front patios. 311 W Wilson provides a prospective buyer the opportunity to assume an attractive 4% loan in the amount of $2,850,000 with interest only payments available until September 1st 2025, with fully amortizing 4% payments until September 1st 2027. Potential investors will also benefit from extensive exterior and interior renovations recently completed. Building renovations include all new electrical sub and main panels, copper plumbing, stucco and paint, brand new carport and garage roofs, dual paned vinyl windows(majority), rain gutters and french drains, and a refurbished main building roof. Remodeled interiors featuring quartz counter tops, new stainless steel appliances, engineered wood flooring and tile, canned lighting, ceiling fans, and cabinetry in the bathrooms. Costa Mesa is one of the strongest performing rental markets in Orange Count, with tenants benefiting from the close proximity to the beach (3 Mi), and the robust shopping and entertainment that the Costa Mesa and Newport Beach communities offer such as South Coast Plaza, Fashion Island, the Balboa Peninsula, Triangle Square, Orange Coast College, and the OC Fair & Event Center. The city of Costa Mesa's ADU Ordinance meets the minimum state requirements. For more information, a buyer is to confirm with the city of Costa Mesa Planning Division.
Location
State CA
County Orange
Interior
Laundry Common Area
Exterior
Parking Features Gated
Garage Spaces 2.0
Pool None
Community Features Sidewalks
Building
Lot Description Rectangular Lot
Sewer Public Sewer