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Property Description

Welcome to 2280 Pamela Lane, an exceptional coastal Orange County tri-plex. This property is conveniently located in the heart of the Newport-Mesa area with easy access to the world-class beaches of Newport and Huntington Beach, both just minutes away. This multi-family is also in close proximity to local schools, shopping, retail, top tier dining and entertainment options, as well as amazing parks with miles of bike and hiking trails. Located on a large 7,022 sq ft. corner lot with swaying palms and mature landscaping, this property gives off the vibe of a Hawaiian vacation home. It features an excellent unit mix of 3 spacious units. The front unit has #A) 3 bedrooms and 2 baths, with a large private patio and living room fireplace. Unit #B) 1 bedroom and 1 bath with an enclosed patio. Unit #C) 2 bedrooms and 2 baths with enclosed patio, and beamed vaulted ceilings. Each unit has a separate one car garage for storage or parking. There is also off-street parking for an additional 3-4 cars. The current long-term tenants are all on month-to-month leases renting at below market rates. The value-add opportunity is in renovating the units and bringing rents up to market rates. Strategic improvements would add significant value to this income property in this rapidly appreciating Costa Mesa submarket.

Features
: Combination
2
: Community
0
: Contemporary
Additional Information
Keller Williams Beverly Hills
0
CLW-C127997
CLW-X74054
Kristian
42237222
: Standard
3
Two
32

Multi-Family For Sale

2280 Pamela Lane, Costa Mesa, California 92627

2,576 Sqft
$1,629,000
Listing ID #24404525
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24404525
Price : $1,629,000
Living Area : 2,576 Sqft
Lot Size : 7,022 Sqft
Year Built : 1972
Country : US
State : California
County : Orange
City : Costa Mesa
Zipcode : 92627
Price Per Square Foot : $632
ModificationTimestamp : 2024-06-23 05:09:20
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