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2214 Rutgers Drive

Costa Mesa, CA 92627
  • $1,600,000
  • STATUS: Active
  • ON SITE: 13 Days
  • ID#: PW22096374
UPDATED: 57 min ago
$1,600,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1958
County:

School Ratings & Info

Listing Agent(s): Gary Tolfa of Triqor Group (949-756-3232)


Description

Pleased to present the opportunity to acquire Rutgers Apartments, a well-maintained pride of ownership apartment building located in the heart of Costa Mesa. This property sits minutes from the California coastline and is ideally located near major freeways, providing ease of access to central business hubs. All units are 2-bedroom 1-bath featuring large patios/balconies, in unit washer and dryers, and amenities such as tile and laminate wood flooring, granite countertops, and stainless-steel appliances. This property offers an investor the opportunity to acquire a well-maintained asset with approximately 38% upside in rents.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T10:28:05.7. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/128509089
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2214 Rutgers Drive Costa Mesa, CA 92627

  • Price: $1,600,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 57 min ago
  • ID#: PW22096374
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1958
Built
Neighborhood:
College Park (Colp)
County:
Orange
Area:
C4 - Central Costa Mesa
Property Description
Pleased to present the opportunity to acquire Rutgers Apartments, a well-maintained pride of ownership apartment building located in the heart of Costa Mesa. This property sits minutes from the California coastline and is ideally located near major freeways, providing ease of access to central business hubs. All units are 2-bedroom 1-bath featuring large patios/balconies, in unit washer and dryers, and amenities such as tile and laminate wood flooring, granite countertops, and stainless-steel appliances. This property offers an investor the opportunity to acquire a well-maintained asset with approximately 38% upside in rents.
Exterior Features

Lot Features Level Number Of Separate Electric Meters 3 Parking Total 3 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Appliances DryerWasher Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features Sidewalks Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 59364 Gross Scheduled Income 61200 Insurance Expense 0 Land Lease YN No Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Net Operating Income 33632 New Construction YN No Number Of Separate Gas Meters 3 Number Of Separate Water Meters 0 Operating Expense 25732 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T10:28:05.7. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Gary Tolfa of Triqor Group (949-756-3232)