283 Avocado St,
Costa Mesa, CA 92627
已成交 成交價: $1,165萬 成交日期: 2024年10月18日
卧室: -- 浴室: -- / 其他類型
房屋信息

其他類型

37026 平方英呎
(3,440平方米)

1973 年

2

38 停車位

地產編號: OC24013316
所處郡縣: OR
面積單價:$822.80/sq.ft ($8,857 / 平方米)
房屋簡介

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 $1.8M 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 & 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 51% LTV and interest-only payments until 2032 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 4.5% with a down payment of $5,800,000—no appraisal required, no points for the loan assumption, COE in 30 days or less.

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