Est. cap rate

1.8%

Assumed rent, all units

$6,120/mo

Units

2

Price per unit

$999,944

Est. annual NOI

$36,720

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

2

Building size

2,611 sqft

Lot size

8,712 sqft

Year built

1970

Stories

1

Garage spaces

3

Style

Contemporary

Heating

Central

Cooling

None

Pool

In Ground,Filtered,Private,Gas Heat

View

Pool

Status

ComingSoon

Days on market

0

MLS #

248736818

About this property

RARE OWNER-OCCUPANT DUPLEX OPPORTUNITY IN NORTH COSTA MESA! Welcome to 3131 Coral Ave, a premier multi-family asset offering the ultimate live-in investment setup on an expansive 8,700+ sq. ft. lot. The primary residence has just undergone a massive, complete modern remodel featuring a brand-new kitchen with custom cabinetry, sleek new flooring, and designer paint throughout. This 3 Bedroom, 2 Bathroom main house functions like a standalone single-family home, opening up to a private backyard oasis complete with a sparkling pool, spa, and oversized yard space. The independent secondary unit offers 2 Bedrooms and 2 Bathrooms, ideal for generating top-tier rental income to significantly offset your monthly mortgage in today's interest rate environment. Peace of mind comes standard with a brand-new roof covering the entire building, fully prepped and ready for El Niño winter rains! Located in the desirable "Spice Streets" neighborhood of Central Costa Mesa (C4/Mesa Verde Residential Income area), just minutes from South Coast Plaza, top-rated schools, parks, and 405/55/73 freeways. Whether you are an owner-occupant looking for a turn-key private pool home while your tenant pays down your loan, or an investor seeking a fully updated trophy asset, this property delivers unmatched versatility and value.

Location

3131 Coral

Costa Mesa, Orange, CA, 92626