2417 Orange Ave, Costa Mesa, CA 92627

We are pleased to offer this turn-key, pride-of-ownership, 6 unit apartment building. Located in a prime Eastside Costa Mesa neighborhood, the property was built in 2 phases: the front building was originally constructed in 1954 and two rear buildings were constructed in 1984. All three buildings were fully renovated in 2003. Of the 6 total units, there are four 2 BR/1 BA, one 2 BR/2 BA and one 1 BR/1 BA. Each unit has a full size washer/dryer hookup, walk-in kitchen pantry, upgraded stove/oven, microwave oven, tile kitchen and bathroom floors, custom ceiling fans, upgraded carpeting and dual pane windows. All units have either a private spacious patio or a balcony. One enclosed garage and one open space are provided for each tenant. With this deal an investor has an opportunity to acquire a prime rental property at a 5% cap rate even after factoring in the cost of professional management and new taxes.