$1,550,000
$1,800,000
13.9%For more information regarding the value of a property, please contact us for a free consultation.
10,018 Sqft Lot
SOLD DATE : 05/25/2023
Key Details
Sold Price $1,550,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Subdivision Eastside Central (Eccm)
MLS Listing ID NP23065144
Sold Date 05/25/23
HOA Y/N No
Year Built 1928
Lot Size 10,018 Sqft
Property Description
Welcome to 178 Virginia Place, an ideally situated duplex in a prime Eastside Costa Mesa location. A standout for the prudent investor, this two-unit property represents countless opportunities: long-term rental income, add an additional unit thanks to the newest Accessory Dwelling Unit regulations, live in one unit and lease the other, or reimagine as a single-family home. The massive, R2 zoned lot boasts mature landscaping and over 10,000 square feet. One unit features a single-story layout with three bedrooms and one-and-one-half baths in approximately 1,496 square feet, while the other unit located above the garage offers one bedroom, one bath, and a kitchen in roughly 680 square feet. Each unit is separately metered for gas and electric. Ample, private lawn spaces create the perfect retreat for residents of each unit to enjoy outdoor living and entertaining in the crisp coastal breeze. Additional conveniences include a two-car garage with laundry, as well as additional parking. Discover an excellent location close to some of the best dining, shopping, and entertainment Orange County has to offer — not to mention the nearby beaches. The 55, 73, and 405 Freeways are nearby, as are award-winning schools in the Newport-Mesa Unified School District. Stroll to nearby restaurants or bike to the sand; there is no shortage of activities to fill your time. Rentals in this area produce some of the best opportunities in the coastal marketplace — come see this desirable duplex in person before it’s too late.
Location
State CA
County Orange
Area C5 - East Costa Mesa
Interior
Interior Features All Bedrooms Down, Bedroom on Main Level, Main Level Primary
Cooling None
Fireplaces Type None
Fireplace No
Appliance Built-In Range
Laundry In Garage
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Biking, Curbs, Storm Drain(s), Street Lights, Sidewalks
View Y/N No
View None
Total Parking Spaces 2
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Back Yard, Front Yard, Garden
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 42606217
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Luke Hagenbach • Pacific Sotheby's Int'l Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "