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$ 2,200,000
Est. payment /mo
New
1822 Pomona Costa Mesa, CA 92627
5 Beds
4 Baths
7,500 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Westside Costa Mesa South (Wscm)
MLS Listing ID OC26200536
Bedrooms 5
Lot Size 7,500 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Exceptional Westside Costa Mesa investment opportunity featuring strong existing income, immediate rent-growth potential, and a clear path to substantially higher future revenue. The property currently generates $8,500 per month in gross rental income, with a projected pro forma rent of approximately $10,000 per month in its current configuration. The front 2-bedroom, 1-bathroom residence is currently occupied on a month-to-month basis at a below-market rental rate. The existing tenant has been receiving discounted rent in consideration for living through construction of the recently completed ADU, providing a future owner with meaningful potential to increase rental income. The newly constructed rear ADU is currently leased on a one-year term. The property consists of an existing 2-bedroom, 1-bathroom single-family home along with a newly constructed, freestanding 3-bedroom, 3-bathroom ADU offering approximately 1,200 square feet of modern living space. The ADU features 10-foot ceilings, quartz countertops, stainless steel appliances, recessed LED lighting, an in-unit stackable washer and dryer, solar, a private yard, gated entrance, dedicated driveway, and no common walls. For investors and builders, the property includes an approved site plan to remove the existing front residence and construct three new residential units while retaining the recently completed rear ADU, resulting in a potential four-unit property. Based on projected rents, completion of the three new units is expected to increase total property rental income to approximately $18,000 per month, or $216,00
Location
State CA
County Orange
Zoning Public Rec
Direction Pomona Ave & 18th St
Interior
Cooling Central Forced Air, Other/Remarks
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 42424140
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Listed by Geoffrey Fearns, DRE#00863919 TriPacific Managers Inc