131 E 21st ST Costa Mesa, CA 92627
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Eastside Central (Eccm)
MLS Listing ID OC26116869
HOA Y/N No
Year Built 1961
Lot Size 0.361 Acres
Property Sub-Type Apartment
Property Description
Improvements include a freestanding 2-bedroom, 1-bath residence positioned at the front of the property, along with four additional units located within two separate residential buildings at the rear. Unit mix consists of two 1-bedroom units and two 2-bedroom units. A defining characteristic of the offering is its abundance of private outdoor space. The front residence enjoys a large enclosed front yard with white picket vinyl fence and private rear yard, while each remaining unit benefits from its own yard, patio, or outdoor living area. This residential environment has contributed to strong tenant retention and consistent rental demand over many years.
Residents enjoy amenities seldom found in comparable investment properties, including six enclosed garages, five equipped with automatic openers, in-unit washer and dryer hookups, and off-street parking for approximately eight vehicles. One garage is currently leased separately, generating additional monthly income. Generous parking, private outdoor areas, and thoughtful site design further enhance long-term resident appeal.
From an operational standpoint, ownership benefits from a favorable utility structure. Gas and electricity are separately metered with no house gas or electric meters, helping reduce operating costs. Each residence is equipped with its own water heater, with residents responsible for individual gas consumption. Operating expenses remain straightforward and consist primarily of water, trash service, property taxes, insurance, landscaping, and professional management.
Eastside Costa Mesa continues to rank among Orange County's most desirable rental markets, driven by its proximity to Newport Beach, major employment centers, premier shopping, dining, and coastal recreation. Convenient access to Newport Boulevard and the 55 Freeway further strengthens location appeal.
This offering presents a rare opportunity to acquire a quality multifamily investment in one of Southern California's most sought-after rental submarkets.
Location
State CA
County Orange
Area C5 - East Costa Mesa
Interior
Interior Features All Bedrooms Down
Heating Wall Furnace
Cooling None
Flooring Carpet, Tile
Fireplace No
Appliance Dishwasher, Gas Oven, Gas Range, Microwave
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Parking Features Door-Single, Driveway, Garage, One Space
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Biking, Park, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Shingle
Accessibility Safe Emergency Egress from Home, Parking, Accessible Doors
Total Parking Spaces 8
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 42618213
Acceptable Financing Cash, Cash to New Loan, Conventional, Fannie Mae, Freddie Mac, Submit
Listing Terms Cash, Cash to New Loan, Conventional, Fannie Mae, Freddie Mac, Submit
Special Listing Condition Standard
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