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122 Magnolia Street

Costa Mesa, CA
$2,038,500
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OFFERING MEMORANDUM

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Eastside Fourplex with Garage ADU Potential

We are pleased to present the sale of 122 Magnolia Street, a 4 unit multifamily property located in Eastside Costa Mesa. Each unit features 1 bedroom, 1 bathroom, and approximately 605 square feet of living space. Each unit boasts laminate flooring, recessed lighting, white cabinetry, quartz countertops, and stainless steel appliances. Each unit is separately metered for gas and electricity and comes with 1 designated parking space per unit. The detached two car garage is leased separately. Other features include dual pane windows, tankless water heaters, and a community laundry area with owed coin operated machines. This asset is located in one of the most desirable rental markets in Orange County and offers tenants close proximity to beaches, parks, Triangle Square, and all the amenities 17th Street has to offer!
We are pleased to present the sale of 122 Magnolia Street, a 4 unit multifamily property located in Eastside Costa Mesa. Each unit features 1 bedroom, 1 bathroom, and approximately 605 square feet of living space. Each unit boasts laminate flooring, recessed lighting, white cabinetry, quartz countertops, and stainless steel appliances. Each unit is separately metered for gas and electricity and comes with 1 designated parking space per unit. The detached two car garage is leased separately. Other features include dual pane windows, tankless water heaters, and a community laundry area with owed coin operated machines. This asset is located in one of the most desirable rental markets in Orange County and offers tenants close proximity to beaches, parks, Triangle Square, and all the amenities 17th Street has to offer!
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1961 Year Built

4 Units

4 Parking Spaces

4,028 SF Lot Size

2,459 SF Total Living Area

2-Car Garage

Gallery

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Interior Exterior & Building Lot & Area Finance Downloads
Interior
Laundry Room
Common Area
Flooring
Laminate
Fireplace
None
Appliances
Dishwasher, Gas Cooktop, Microwave
Other Interior Features
Ceiling Fan(s), Quartz Counters, Recessed Lighting
Exterior & Building
Stories
2
Garage Spaces
2.0
Water Source
Public
Pool
None
Roof
Composition
Lot Features
0-1 Unit/Acre
Parking
One Space
Heat Type
Wall Furnace
Air Conditioning
None
Sewer
Public Sewer
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Lot & Area
Status
Sold
Living Area
2,459 Sq.Ft.
Lot Size
4,028 Sq.Ft.
MLS® ID
NP24006846
Type
Multi-Family
Year Built
1961
Neighborhood
Costa Mesa
View Description
None
Finance
Sales Price
$2,038,500
Maintenance Fee
$2,000/mo
Downloads
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Costa Mesa
The center of the region’s dynamic art, entertainment, fashion, and food scene.

Welcome to Costa Mesa

Costa Mesa is one of the most exciting and eclectic cities in coastal Orange County, and is the center of the region’s dynamic art, entertainment, fashion and food scene. Eastside Costa Mesa, on the border of Newport Beach, is an especially sought-after community for both first-time homebuyers and those seeking to remodel – or purchase – appealing ranch-style homes on wide, tree-lined streets.
 
Eastside Costa Mesa also boasts the city’s popular shopping and dining promenade, 17th Street. In addition to top-rated public and private schools, Costa Mesa also offers stone’s-throw proximity to the beach, John Wayne Airport, all freeways and the world-class shopping and entertainment of the South Coast Metro district, including South Coast Plaza and Segerstrom Center for the Arts.
Welcome to Costa Mesa Costa Mesa is one of the most exciting and eclectic cities in coastal Orange County, and is the center of the region’s dynamic art, entertainment, fashion and food scene. Eastside Costa Mesa, on the border of Newport Beach, is an especially sought-after community for both first-time homebuyers and those seeking to remodel – or purchase – appealing ranch-style homes on wide, tree-lined streets.   Eastside Costa Mesa also boasts the city’s popular shopping and dining promenade, 17th Street. In addition to top-rated public and private schools, Costa Mesa also offers stone’s-throw proximity to the beach, John Wayne Airport, all freeways and the world-class shopping and entertainment of the South Coast Metro district, including South Coast Plaza and Segerstrom Center for the Arts.
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Let’s connect

Chris Maddy

EM

Chris Maddy

Chris's exceptional sales and customer service earned him a loyal client base and respect from associates.

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CA DRE# 01946797

949.294.5408
Tim Carr

EM

Tim Carr

Broker-Associate

Broker-Associate

With prolific dedication to his clients and extensive industry knowledge, Pacific Sotheby's International Realty agent Tim Carr has stood as one of the top producers in the dynamic Orange County market for over three decades. Carr has been the leading force behind the operation of the most successful real estate firms in the region, including his 10-year span as co-founder and partner at Villa Real Estate. 

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CA DRE# 01017277

timcarrgroup.com
949.631.9999
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