175 21st Street
Costa Mesa
$3,690,000
For Sale
18 Bedrooms
6,906 SqFt
12 Baths
18,000 SqFt Lot

Ideally situated in highly desirable Eastside Costa Mesa, The Pines Apartments offer six (6) turnkey and remodeled 3 bed, 2 bath units with fireplace, direct access garage and individual laundry hookups. Private rear patios/yard, along with ample guest parking and handsome curb appeal make this a renter’s paradise. Additional storage in the rear offer Tenants more space and Landlords more income. Nearby parks, award-winning schools, Back Bay trails, beaches, retail & dining, PCH and freeway access contribute to low vacancy and constant demand. Investors will love the pride of ownership and quality of this offering with plenty of upside in rents. Perfect for your 1031 exchange and/or owner user investment.

    Gross Scheduled Income:     $228,000
    Operating Expenses:           $  62,077
    Net Operating Income:       $165,923
    CAP Rate:                                  4.5%      

Co-listed with @kidderlowe



Grant Bixby

Bixby Residential Group @ Compass
341 Bayside Drive
Newport Beach, CA 92660

Grant Bixby - 949.677.0111

DRE Lic. #01364572
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