Residential Income – 1032 W Wilson St, Costa Mesa, CA 92627, USA -001-11-30T00:00:00-08:00
Wilson Street Townhomes is a 24-unit multifamily investment opportunity located in the city of Costa Mesa, one of the premier coastal housing markets in Southern California. Situated on a 2.00-acre lot, the 24,685 square foot property consists of exclusively
1032 W Wilson St, Costa Mesa, CA 92627, USA
$11,750,000 USD
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Address1032 West Wilson Street, Costa Mesa
Price$11,750,000
Year Built1961
Bedrooms Total0
Living Area24,685 ft2
Lot Size (Sq.Ft.)87,120
Listing IDOC19002909
StatusActive
Parcel Number42205104
Special ConditionsStandard
Days on Market79

Detailed Description: Wilson Street Townhomes is a 24-unit multifamily investment opportunity located in the city of Costa Mesa, one of the premier coastal housing markets in Southern California. Situated on a 2.00-acre lot, the 24,685 square foot property consists of exclusively two-bedroom townhomes and amenities including private patios, garage and open parking, on-site laundry, and a swimming pool. Well maintained by the current ownership, the turnkey asset offers renovated units and professional landscaping. Wilson Street Townhomes is located within walking distance of Fairview Park, Victoria Elementary School, and Estancia High School. The property is less than one mile from Brookhurst Plaza providing residents with convenient access to their everyday needs.

Association
Laundry
Pool Private
Rent Control
Senior Community
Property Attached
Land Lease

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Address Information
Address1032 West Wilson Street, Costa Mesa
Street PrefixWest
Street SuffixStreet
CityCosta Mesa
Location (MLS Area)699 – Not Defined
County Or ParishOrange
Postal Code Plus43972
CountryUS
Financial Information
Price per Square Foot$476.00
Price per Lot Square Foot$134.87
Special ConditionsStandard
Total Expenses$233,472
Professional Management Expense$23,036
Operating Expense$233,472
Insurance Expense$6,148
Electric Expense$5,125
Water Sewer Expense$5,125
Trash Expense$5,125
Maintenance Expense$14,400
Fuel Expense$5,125
Other Expense DescriptionOther
Other Expense$38,880
Gross Operating Income$575,891
Gross Income$593,477
Gross Scheduled Income$593,477
Net Operating Income$342,419
Total Actual Rent$48,850
Tax Year2019
Tax Lot65
New Taxes Expense$130,508
Full Descriptions
Parcel Number42205104
Detailed DescriptionWilson Street Townhomes is a 24-unit multifamily investment opportunity located in the city of Costa Mesa, one of the premier coastal housing markets in Southern California. Situated on a 2.00-acre lot, the 24,685 square foot property consists of exclusively two-bedroom townhomes and amenities including private patios, garage and open parking, on-site laundry, and a swimming pool. Well maintained by the current ownership, the turnkey asset offers renovated units and professional landscaping. Wilson Street Townhomes is located within walking distance of Fairview Park, Victoria Elementary School, and Estancia High School. The property is less than one mile from Brookhurst Plaza providing residents with convenient access to their everyday needs.
Lot FeaturesLandscaped
Community FeaturesSidewalks
Water SourcePublic
Laundry FeaturesCommunity
Sewer DescriptionPublic Sewer
Pool FeaturesCommunity Pool
Property parameters
Year Built1961
Living Area (Sq.Ft.)24,685 ft2
Lot Size (Sq.Ft.)87,120
Lot Size (Acres)2
Lot Size SourceAssessor
Number of Buildings6
Number of Units Leased24
Number of Units Total24
Stories Total2
Parking Spaces60
Garage Spaces24
Uncovered Spaces36
LevelsTwo
Water SourcePublic
Units Total24
Year Built SourceAssessor
Vacancy Allowance Rate3%
Listed withTyler Leeson (Marcus & Millichap RE Invest)