Est. cap rate

1.7%

Assumed rent, all units

$6,380/mo

Units

2

Price per unit

$1,097,500

Est. annual NOI

$38,280

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

5

Bathrooms

4

Building size

2,224 sqft

Lot size

6,098 sqft

Year built

1972

Stories

2

Garage spaces

3

Heating

Central

Cooling

None

Pool

None

View

None

Status

Active

Days on market

1

MLS #

247969980

About this property

We are pleased to present the sale of 2033 Laurie Lane, a two-unit multifamily property located in Eastside Costa Mesa. Located on a quiet cul-de-sac with only 5 properties, this pride of ownership duplex has been updated over the years to reflect todays living standards. Unit A features 3 bedrooms, 2 bathrooms, and approximately 1,300 SF of living space. The kitchen offers white shaker cabinetry, quartz countertops, multiple pantries, stainless steel appliances, and generous sized island that opens to the living space complete with a cozy fireplace. Two large bedrooms and a hallway bath lead to the spacious primary bedroom with multiple closets and primary bathroom with a recently completed custom tiled shower. Enjoy not only a private front courtyard, but private back patio as well! Unit B features 2 bedrooms, 2 bathrooms, and approximately 925 SF of living space. The kitchen offers white shaker cabinetry, stainless steel appliances, quartz countertops and is open to the living area. A large slider opens to the private front patio. A nice sized bedroom and hallway bath make way to the huge primary bedroom that can easily fit a king size bed and offers a walk- in closet as well as an en suite bathroom. Additional features include dual pane windows throughout, recessed lighting, laminate flooring, central heating, (3) single car garages with additional parking, lush landscaping, and private laundry hookups for each unit. Located in one of Orange County’s most desirable coastal neighborhoods, 2033 Laurie Lane offers convenient access to 17th Street’s renowned dining, shopping, and everyday amenities, nearby parks and beaches, The Triangle, and highly regarded local schools. With its desirable Eastside Costa Mesa setting, updated residences, private outdoor spaces, and flexible two-unit configuration, this exceptional property represents a compelling opportunity for an owner-user, multigenerational household, or investor seeking a quality multifamily asset in a premier coastal Orange County location.

Location

2033 Laurie Lane

Costa Mesa, Orange, CA, 92627