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Sold for $1,320,000 on 07/25/25
  • Listing Provided by: 

    Bob Walz DRE #00640512 714-393-8060,

    New Dimension Investment Prop

    Bought with: New Dimension Investment Prop
    $1,320,000

    1548 N Elm Ave, Costa Mesa, CA 92626

    7beds
    5baths
    3,167sqft
    Multi Family
    Built in 1960
    -- sqft lot
    $1,335,600 Zestimate®
    $417/sqft
    $-- Estimated rent

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    $8,227/mo

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    What's special

    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!!!

    Zillow last checked: 8 hours ago

    Listing updated: July 25, 2025 at 04:09pm

    Listing Provided by:

    Bob Walz DRE #00640512 714-393-8060,

    New Dimension Investment Prop

    Bought with:

    Bob Walz, DRE #00640512

    New Dimension Investment Prop

    Source: CRMLS,MLS#: OC25144160MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 5
    Heating
    • Wall Furnace
    Appliances
    • Included: Disposal, Gas Oven, Gas Range
    • Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
    Features
    • Has fireplace: Yes
    • Fireplace features: Living Room
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 3,167
    • Total interior livable area: 3,167 sqft

    Property

    Parking
    • Total spaces: 3
    • Parking features: Garage
    • Garage spaces: 3
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1st Flr.
    • Pool features: None
    Lot
    • Size: 7,151 sqft
    • Features: Lawn, Near Public Transit, Rectangular Lot, Sprinkler System, Street Level, Yard
    Details
    • Parcel number: 03505416
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Roof: Composition,Shingle
    Condition
    • New construction: No
    • Year built: 1960

    Utilities & green energy

    • Electric: Electricity - On Property, Standard
    • Sewer: Sewer Tap Paid
    • Water: Public
    • Utilities for property: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Water Available, Water Connected

    Community & neighborhood

    Community
    • Community features: Curbs
    Location
    • Region: Costa Mesa
    • Subdivision: Other

    HOA & financial

    Other financial information
    • Total actual rent: 5300

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,Conventional
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    Estimated market value
    $1,335,600