220 Knox Place, Costa Mesa, CA 92627
- $4,000,000
- List Price
- $4,000,000
- Status
- ACTIVE
- MLS#
- OC26179490
- Year Built
- 1950
- Lot Size
- 12,514
- Acres
- 0.29
- Lot Location
- 2-5 Units/Acre, Back Yard, Garden, Sprinklers In Front, Landscaped, Near Park, Sprinkler System
- Days on Market
- 3
- Property Type
- Multifamily
- Style
- Custom
- Property Sub Type
- Quadruplex
- Stories
- One Level
- Neighborhood
- Eastside Heights (Ehcm)
Property Description
RARE ASSET! First time on the market in 60+ years, 220 and 226 Knox Place offer a generation-defining acquisition preferred to be sold together. This exceptional property consists of two separate side-by-side duplexes that look, feel, and function as seamless Quadruplex connected by a shared driveway. The portfolio features four spacious two-bedroom, one bathroom units- with each duplex measuring approximately 1,627 sq-ft making each individual unit roughly 813 sq ft. of comfortable living space complete with individual laundry hookups. Enhancing their appeal, both rear Units boast their own private backyards and there are two car garages, each unit shares one garage. The rear unit at 220 Knox Pl features a charming three-season Sun room!! LOCATION, LOCATION, LOCATION!!! Situated directly adjacent to Heller Park with no side neighbors for maximum privacy. The location is unbeatable in a very desirable area in Newport Heights/Costa Mesa! just a few blocks away from all the lively dining and retail along 17th st and only six minutes away to Balboa Peninsula in Newport Beach. This property is a high-performing investment and a perfect candidate for multi-unit development. With Three tenant-occupied units providing immediate, stable income, this rare property serves as both high-performing income asset and a premier candidate for future multi-unit redevelopment on two adjacent parcels. An rare multi-family OPPORTUNITY to acquire a side-by-side multi-unit lot in this prime location, will not present itself anytime soon!
Additional Information
- Appliances
- 6 Burner Stove, Gas Cooktop, Gas Oven, Refrigerator, Dryer, Washer
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- None
- Exterior Construction
- Cement Siding
- Roof
- Common Roof
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Interior Features
- Ceiling Fan(s), All Bedrooms Down
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $131,400
- Operating Expense
- 23571
Listing courtesy of Listing Agent: Olivia Lebegue (olivialebegue@kw.com) from Listing Office: Keller Williams Realty.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.