Contact Xavier Gomez
Schedule A Showing
984 El Camino Drive, Costa Mesa, CA 92626
Priced at Only: $3,395,000
For more Information Call
Mobile: 714.478.6676
Address: 984 El Camino Drive, Costa Mesa, CA 92626
Property Photos

Property Location and Similar Properties
- MLS#: PW25046836 ( Apartment )
- Street Address: 984 El Camino Drive
- Viewed: 7
- Price: $3,395,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1964
- Bldg sqft: 0
- Days On Market: 40
- Additional Information
- County: ORANGE
- City: Costa Mesa
- Zipcode: 92626
- Subdivision: Mesa Del Mar (mdma)
- Provided by: Morgan Skenderian
- Contact: Rick Rick
- DMCA Notice
-
Description984 El Camino Drive is a premier investment opportunity in the sought after Mesa Del Mar neighborhood of Costa Mesa, CA. This pristine, turnkey property received an infusion of approximately $1.3 million in 2023, encompassing a full exterior renovation and complete interior remodel. Each unit was upgraded with modern, high end finishes, offering residents top quality living spaces. Many units feature brand new in unit laundry machines, and all are equipped with new air conditioning, heating systems, microwaves, ceiling fans, stainless steel appliances, sinks, and more. The property also offers excellent parking options, with four garages, spaces for four vehicles in front of the garages, and five additional open spots, providing an impressive 2:1 parking ratio. With a 5.1% cap rate based on current rents, this asset presents a compelling opportunity for investors looking for a turnkey property with solid, immediate cash flow potential.
Features
Building Area Total
- 5241.00
Commoninterest
- Community Apartment
Common Walls
- 2+ Common Walls
Cooling
- Central Air
Country
- US
Days On Market
- 19
Electric Expense
- 1710.00
Entry Location
- Street
Fireplace Features
- None
Fuel Expense
- 1710.00
Garage Spaces
- 4.00
Gardner Expense
- 1800.00
Insurance Expense
- 3300.00
Laundry Equipment Own Lease
- Own
Laundry Features
- Community
- Gas & Electric Dryer Hookup
- Washer Hookup
Laundry Income
- 600.00
Levels
- Two
Lot Features
- Lot 6500-9999
Netoperatingincome
- 173822.00
Newtaxesexpense
- 37585.00
Otherexpense
- 1000.00
Otherexpensedescription
- Admin
Otherincome1
- 4800.00
Otherincome2
- 1800.00
Otherincomedescription
- Rubs/Pet
Parcel Number
- 14166525
Parking Features
- Garage
Pool Features
- None
Postalcodeplus4
- 5548
Professionalmanagementexpense
- 0.00
Property Type
- Apartment
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 433345626:CRM
Subdivision Name Other
- Mesa Del Mar (MDMA)
Tenant Pays
- Electricity
- Gas
Totalexpenses
- 57464.00
Trash Expense
- 1710.00
Vacancyallowance
- 7153
Water Sewer Expense
- 1710.00
Water Source
- Private
Year Built
- 1964
Year Built Source
- Assessor

- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Mobile: 714.478.6676
- Fax: 714.975.9953
- salesbyxavier@gmail.com