Costa Mesa, CA 92627 408 Ford Road
$1,895,000
3 more
Presented By: Rick Applebaum with Morgan Skenderian; rma@morganskenderian.com
Baths • 2
SQFT • 3,802
Garage • 2
Home Details
Pleased to present 408 Ford Road, a well-maintained single-story triplex located in Costa Mesa. This property is walking distance to The Triangle and all retail, shopping, and entertainment along Newport Boulevard and 19th Street. Much of the area has been redeveloped and tenant demand remains very strong due to the location and surrounding communities. The property itself consists of (1) two-bedroom/two-bath unit with an inviting, large front patio and (2) additional two-bedroom/two-bath units. Each unit features an outdoor space and storage area. There is also ample parking which includes a double car garage and 2 covered carport spaces plus street-parking. The new investor can quickly realize a strong return on investment through modernization of the property and increased rent levels.
Presented By: Rick Applebaum with Morgan Skenderian; rma@morganskenderian.com
Interior Features for 408 Ford Road
Other Interior Features
Common WallsNo Common Walls
Laundry FeaturesCommon Area
Total Stories1
Other Rooms
Entry Level1
General for 408 Ford Road
Additional Parcels Y/NNo
AppliancesDishwasher
Building Area UnitsSquare Feet
Cap Rate3.91
Carport Spaces2
Carport Y/NYes
CityCosta Mesa
Community FeaturesBiking, Curbs, Dog Park, Gutter(s), Park, Sidewalks
CountyOrange
DirectionsWest of the 55 Freeway and North of 19th Street
Electric Expense663
Entry LocationStreet
Fuel Expense663
Garage Spaces2
Garage Y/NYes
Gross Income110400
HOANo
HOA Fee$
Insurance Expense3802
Land Lease Y/NNo
LevelsOne
Listing TermsCash to New Loan
Lot Size Square Feet8155
Lot Size UnitsSquare Feet
MLS AreaC2 - Southwest Costa Mesa
MaintenanceExpense3213
Net Operating Income74127
New ConstructionNo
Number Of Units Total3
Open Parking Spaces1
Operating Expense32961
Pool FeaturesNone
PostalCityCOSTA MESA
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Subdivision NameOther
Tax Lot6
Taxes$22,346
Trash Expense663
Water Sewer Expense663
Year Built1961
Year Built SourcePublic Records
Exterior for 408 Ford Road
Building Area Total3802
Lot Size Acres0.1872
Lot Size Area8155
Lot Size SourcePublic Records
Number of Buildings1
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Private PoolNo
Total Parking5
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Limor Zamir
Realtor®