Tyler Leeson
This listing was posted on RealtyWW.
$12,000,000
Home For Sale In Costa Mesa, California
Price:
$12,000,000
BR/BA:
10+ BA
Location:
283 Avocado St, Costa Mesa, CA
Description:
Legitimate turnkey multifamily investment property offering a range of one-, two-, and three-bedroom loft-style floor plans. Substantial investment was made in 2023 and 2024, with over $1.7M in interior and exterior capital improvements. 100% of the interiors are fully renovated, including all new appliances, cabinets/counters, new electrical panels, flooring, painting and drywall, and all new windows and doors. Common area improvements include the roofs, painting, termite and pest mitigation, and tenting of the entire structure, exterior wood, decking, all new stairs and railings, all new asphalt, hardscape/softscape, mailboxes, plumbing, house electrical panels, and garage doors. ABOVE ALL, the debt component sets this project apart from nearly all other investments within the marketplace. Available to assume is a private note with a 50% LTV and interest-only payments for nine years, starting at 3.5%, with a cap at 5.0%, resulting in a blended interest rate of 4.61% over the term. This equates to an initial cash-on-cash return of over 4% with a down payment of $6, 000, 000no appraisal required, no points for the loan assumption, COE in 30 days or less.For more details: https://realtyww.info/homes_costa-mesa-d525465/for-sale_i71928566
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More About this Listing: Home For Sale In Costa Mesa, California
Home For Sale In Costa Mesa, California is a 10 Bathroom, 10+ BA, 31 Bathroom Single-Family Homes for Sale at 283 Avocado St in Costa Mesa CA. Find other listings like Home For Sale In Costa Mesa, California and listings near 283 Avocado St by searching Oodle Classifieds for 10 Bathroom, 10+ BA, 31 Bathroom Single-Family Homes for Sale in Costa Mesa CA.
Home For Sale In Costa Mesa, California is a 10 Bathroom, 10+ BA, 31 Bathroom Single-Family Homes for Sale at 283 Avocado St in Costa Mesa CA. Find other listings like Home For Sale In Costa Mesa, California and listings near 283 Avocado St by searching Oodle Classifieds for 10 Bathroom, 10+ BA, 31 Bathroom Single-Family Homes for Sale in Costa Mesa CA.