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$1,750,000
PW22111293 MLS
Turnkey Eastside Costa Mesa Two Homes on one Lot in Prime Location, walking distance to Triangle Square, 17th Street Restaurants, Grocery Stores, Salons, Newport Beach Schools, and only 1.7 miles to Newport Beach Harbor. This investment opportunity affords the new owner extremely low maintenance, desirable finishes for excellent rental rates, and upgraded mechanical systems. The property has gone through two phases of development. Unit A - the original main house was one bedroom and one bath before adding dual master suites in 2020. It is now 3 bedrooms and 3 walk-in showers which makes the home ideal for room-share or multi-adult households. The kitchen, flooring, bathrooms, windows, have all be replaced/upgraded, including partial siding replacement, and a 2020 roof. This unit currently utilizes the detached two car garage and has shared common area outdoor space. Unit B - 2022 new construction second story one bedroom one bath with full size kitchen, family room and in-unit laundry. This unit is permitted as an Accessory Dwelling Unit with separate address, laundry, storage room, fully paid solar panels, separate electric meter, separate gas meter, and shared water meter. The two units are entirely detached. Both units have all appliances including inside laundry which will convey with the property. See upgrade list for additional details. Property is also listed for sale as #PW22112591

118 Magnolia Street A-B, Costa Mesa

Listing courtesy of Listing Agent: Chasin Prather from Listing Office: Chasin RE

$12,500,000
22158681 MLS
This offering is for a 50% fee-simple interest in the asset which has an estimated value of $25,000,000. The Belinda Apartments is a 91-unit multifamily asset located at 125 North Belinda Circle in the heart of Anaheim. The property sits at the end of a cul-de-sac and features a unit mix of (51) 1-Bedroom + 1-Bathroom, (18) 2-Bedroom + 1-Bathroom, and (22) 2-Bedroom + 2-Bathroom units. The two-story property was built in 1970 and has +/- 75,544 square feet of improvements on an expansive +/- 132,553 square foot lot. A new Buyer will obtain ownership interest in the existing LLC and benefit from a higher than market yield, proven building track record, low vacancy, blended property tax rate, and a well maintained asset. The building has significant upside in rents which can be captured either through renovation of units as they turn, or slower growth through annual rent increases of 5% + CPI per AB1482.The Belinda Apartments offers residents a wide range of resort like amenities such as: expansive grounds, swimming pool and cabana, barbecues, controlled access, on-site lease office, private patios, efficient layouts, 131parking spaces, and three on-site laundry facilities. Anaheim is most known for its famous main attraction Disneyland, although other prominent employers like Angel Stadium, Anaheim Convention Center, and Kaiser Permanente Medical Center create huge demand for housing. Anaheim is also a big draw from neighboring cities like Buena Park, Orange& Fullerton - also home to large employers.

125 N BELINDA Circle, Anaheim

Listing courtesy of Listing Agent: Adam Zunder from Listing Office: Iconic Investments

$6,495,000
OC22104375 MLS
8125-8135 4th St Buena Park, Ca 92802, is a 12-unit multifamily property with 2 single family homes & 2 potential ADU opportunities located in the City of Buena Park. This asset consists of two houses in the front, and 12 apartment style units in the rear. This unique unit mix provides an excellent investment opportunity. The houses in the front are a 5 bed/ 3 bath and a 3 bed/ 1 bath. The current ownership remodeled the 5 bedroom house in 2020 that cost approximately $30,000. There are seven 2 bed/ 1 bath units and five 1 bed/ 1 bath units. The property offers nice curb appeal, ample parking with garage and assigned open parking. Four of the twelve units in the rear of the property are single story construction. The tenants have access to a well-kept laundry room on site. All the roofs have been replaced in the past 2 years. Located near the 5 & 91 Freeways, The Source, Knotts Berry Farm, Soak City and Lost Coyotes Country Club, the tenants have excellent access to transportation and employment. The local apartment market in the city of Buena Park remains robust and thus this property offers and investor the ability to capture quality residents seeking a well-located neighborhood with a convenient access to a wide variety of retail, transportation, and educational amenities. This overall demand for well-located workforce apartments will be a key driver in the continued growth at 8125-8135 4th Street!

8125 8135 4th Street, Buena Park

Listing courtesy of Listing Agent: Mark Bridge from Listing Office: Mark Bridge, Broker

$2,999,888
OC22103008 MLS
1006 West Bishop Street includes 7 units located in the robust rental market of Santa Ana, California. Built in 1979, the property consists of 6,278 rentable square feet and is in like-new condition after the current owner spent $400,000+ on the recent significant renovations. The superb unit mix consists of Seven 2 Bed / 1 Bath units. The property is situated on a 0.25-acre lot and includes 11 private garage spaces plus 7 additional on-site parking spaces (1.29 per bedroom) with street parking also available. The property is also separately metered for gas and electric with a community laundry room. Santa Ana is in the county seat of Orange County, California and it is the second most populous in the county. The United States Census Bureau estimated its 2019 population at 332,318, making Santa Ana the 57th most-populous city in the United States. Santa Ana is in Southern California, adjacent to the Santa Ana River, about 10 miles (16 km) from the coast. Founded in 1869, the city is part of the Greater Los Angeles Area, the second largest metropolitan area in the United States, with almost 18 million residents in 2010. Santa Ana is a very densely populated city, ranking fourth nationally in that regard among cities of over 300,000 residents (trailing only New York City, San Francisco, and Boston). New York Times characterizes Santa Ana as the "face of a new California, a state where Latinos have more influence in everyday life — electorally, culturally and demographically — than almost anywhere else in the country." The local apartment market in the city of Santa Ana remains strong, and thus this property offers an investor the ability to capture quality residents seeking a well-located neighborhood with convenient access to a wide variety of retail, transportation and educational amenities.

1006 W Bishop Street, Santa Ana

Listing courtesy of Listing Agent: Mark Bridge from Listing Office: Mark Bridge, Broker

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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