3106 Ginger Ave, Costa Mesa, CA 92626

Property Description

3106 Ginger Ave is a 4plex located in a highly desirable area of Costa Mesa, known as the "Spice Streets." The unit mix includes a 3 bedroom/2 bath with sunroom addition for expanded square footage and forced air cooling, plus three large 2 bedroom/2 bath units. All 4 units feature large, well-designed floorplans with fireplaces.
 
 Owners have recently invested nearly $100,000 in the "bones" of the building. Recent upgrades and repairs include: new heating units, new roof, new exterior paint and other major repairs.
 
 The front unit has its own washer/dryer hookups, additionally there is an onsite laundry room for resident use. All units are separately metered for gas and electric: the building features 5 gas meters and 5 electric meters. Ample parking includes 5 parking spots in the garage plus 2 additional reserved spots.
 
 All tenants are long term and there is big upside in rents. Conservative pro forma rents are $1900 for the 2 bedrooms units and $2850 for the oversized 3 bedroom unit, which is one of the largest in the neighborhood.
 
 This convenient Mesa Verde location is within easy access of major freeways and some of the best dining and shopping that Costa Mesa offers.