408 Ford Rd - Apartments FOR SALE


Costa Mesa, CA 92627- Downtown Costa Mesa
$1,895,000 USD
949-500-5099
408 Ford Rd, Costa Mesa, CA for Sale
$1,895,000 USD
Apartments - FOR SALE
1/9
null | 3.91% Cap Rate

408 Ford Rd
Costa Mesa, CA 92627
Downtown Costa Mesa


HIGHLIGHTS

  • All Single Story Units
  • Large 2-Bedrooms
  • Large Private Patios/Yards
  • Next Door to Brand New West Walk Condos
  • Walking Distance to The Triangle and All Retail, Shopping and Entertainment along Newport Boulevard and 19th Street

OVERVIEW

Morgan Skenderian is pleased to present 408 Ford Road, a well-maintained single-story triplex located in Costa Mesa. This property is walking distance to The Triangle and all retail, shopping, and entertainment along Newport Boulevard and 19th Street. Much of the area has been redeveloped and tenant demand remains very strong due to the location and surrounding communities. The property itself consists of (1) two-bedroom/two-bath unit with an inviting, large front patio and (2) two-bedroom/one-bath units. Each unit features an outdoor space and storage area. There is also ample parking which includes a double car garage and 2 covered carport spaces plus street-parking. The new investor can quickly realize a strong return on investment through modernization of the property and increased rent levels.

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$498 USD /SF

# OF UNITS

3

PRICE/UNIT

$631,667

CAP RATE

3.91%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,155 SF

ZONING

-

APN/PARCEL ID

419-201-02

ASK ABOUT THIS PROPERTY

Rick ApplebaumMorgan-Skenderian Investment Real Estate GroupMore Info
949-500-5099

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Rick ApplebaumMorgan-Skenderian Investment Real Estate GroupMore Info
949-500-5099

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.