35 bedroom house for sale
$12,000,000 - Costa Mesa CA 92627Costa Mesa CA 92627
35 bedroom house for sale
- Beds: 35
- Baths: 31
- Price: $12,000,000
- Reference No.: 71928566
- Area: 14,159 sqft
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Overview
Legitimate turnkey multifamily investment property offering a range of one-, two-, and three-bedroom loft-style floor plans. Substantial investment was made in 2023 and 2024, with over $1.7M in interior and exterior capital improvements. 100% of the interiors are fully renovated, including all new appliances, cabinets/counters, new electrical panels, flooring, painting and drywall, and all new windows and doors. Common area improvements include the roofs, painting, termite and pest mitigation, and tenting of the entire structure, exterior wood, decking, all new stairs and railings, all new asphalt, hardscape/softscape, mailboxes, plumbing, house electrical panels, and garage doors. ABOVE ALL, the debt component sets this project apart from nearly all other investments within the marketplace. Available to assume is a private note with a 50% LTV and interest-only payments for nine years, starting at 3.5%, with a cap at 5.0%, resulting in a blended interest rate of 4.61% over the term. This equates to an initial cash-on-cash return of over 4% with a down payment of $6, 000, 000no appraisal required, no points for the loan assumption, COE in 30 days or less.House Costa Mesa
This House for sale is located at Costa Mesa CA 92627. The home has 35 Bedroom and 31 Bathrooms. This 35 bedroom House in Costa Mesa CA is for sale for $12,000,000 .
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2024-05-17, Viewed 0 times.
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2024-05-17, Viewed 0 times.
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