2280 Pamela Ln, Costa Mesa, CA 92627

$1,550,000
6
BD
5
BA
2,576
SqFt
Sold Price
$1,550,000
List Price
$1,629,000
Closing Date
Oct 01, 2024
MLS#
24-404525
Year Built
1972
Bedrooms
6
Bathrooms
5
Living Sq. Ft
2,576
Lot Size
7,022
Lot Location
Corner Lot, Cul-De-Sac, Park Nearby
Days on Market
67
Property Type
Multifamily
Style
Contemporary
Stories
2

Property Description

Welcome to 2280 Pamela Lane, an exceptional coastal Orange County tri-plex. This property is conveniently located in the heart of the Newport-Mesa area with easy access to the world-class beaches of Newport and Huntington Beach, both just minutes away. This multi-family is also in close proximity to local schools, shopping, retail, top tier dining and entertainment options, as well as amazing parks with miles of bike and hiking trails. Located on a large 7,022 sq ft. corner lot with swaying palms and mature landscaping, this property gives off the vibe of a Hawaiian vacation home. It features an excellent unit mix of 3 spacious units. The front unit has #A) 3 bedrooms and 2 baths, with a large private patio and living room fireplace. Unit #B) 1 bedroom and 1 bath with an enclosed patio. Unit #C) 2 bedrooms and 2 baths with enclosed patio, and beamed vaulted ceilings. Each unit has a separate one car garage for storage or parking. There is also off-street parking for an additional 3-4 cars. The current long-term tenants are all on month-to-month leases renting at below market rates. The value-add opportunity is in renovating the units and bringing rents up to market rates. Strategic improvements would add significant value to this income property in this rapidly appreciating Costa Mesa submarket.

Additional Information

Lot Description
Landscaped
Other Buildings
Other
Heat
Combination
Cooling
None
Number of Cars in Garage
Garage - 3 Car, Garage Is Detached, Private Garage, Assigned
Garage Spaces Total
3
School District
Newport Mesa Unified

Mortgage Calculator

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Calculator source: Real Geeks

Courtesy of Keller Williams Beverly Hills, Kristian Gray - CA DRE#02036365 Selling Office: .

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