Price Reduction
Address
1582 Coriander Drive Costa Mesa, CA
Price
$ 1,735,000
Property Attributes
  • MLS#PW20188585
  • TypeIncome
  • CountyORANGE
  • CityCosta Mesa
  • AreaMesa Verde
  • NeighborhoodOther
  • Zip92626
  • Style
  • Price$ 1,735,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4532
  • Lot Size8,276 SqFt
Listing Provided Courtesy Of:
Rick Applebaum with Morgan Skenderian.
Property Description

We are pleased to offer 1582 Coriander Drive, a 4-unit apartment investment opportunity located in the coastal community of Costa Mesa. Located in the highly coveted "Spice Streets" neighborhood of the Mesa Verde area, this Covington-style 4-plex offers stand out curb appeal on a street full of pride-of-ownership properties. Comprised of 2 & 3-bedroom units, this investment opportunity is located close to major retail, dining, and shopping, and approximately 1.5 miles from the ever-expanding Orange Coast College (OCC). Tenants enjoy large units with on-site laundry and spacious exterior common areas. The Coriander Drive apartments will offer continuous growth and appreciation that will be further amplified by a new owner improving and modernizing interiors that will allow an investor to capitalize on market rents and improve cash-flow. *Fantastic "Spice Streets" Location within Mesa Verde *Excellent Mix of 2 & 3-Bedroom Units *Ample Garage Parking and Additional Open Spaces *Priced Below Most Recent Sales in the Neighborhood *Impressive Growth Potential *New Exterior Paint

Price History
9/10/2020 Listed $1,750,000
9/29/2020 1% - $1,735,000

General Features

Attached Structure Detached
Community Features Curbs, Sidewalks, Storm Drains, Street Lights
Directions North of Baker Street & West of Harbor Boulevard
Garage Spaces 5.00
Levels Two
Listagentaor Pacific West
Listing Agent Rick Applebaum - BRE#01273871
Listing Agent State License 01273871
MLS Area C1 - Mesa Verde
Pool Features None
Price Per Square Foot 382.83
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Subdivision Name Other (OTHR)
Subdivision Name Spice Streets
Total Units 4

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls No Common Walls
Laundry Features Community
Laundry Y/N Yes
Studio Area Unit Type Square Feet
Total Stories 2

Exterior Features

Building Area Total 4532.00
Lot Features 2-5 Units/Acre
Lot Size Acres 0.1900
Lot Size Area 8276.0000
Lot Size Source Assessor
Lot Size Square Feet 8276.00
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 5
Number of Separate Gas Meters 5
Number of Separate Water Meters 1
Total Parking 6.00
Uncovered Spaces 1.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92626

Price
AVG $1.96M
$1.74M
Visits
AVG 100
119
Year Built
AVG 1962
1965

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