558 Joann Street
Costa Mesa, CA 92627
5,962 SF
Lot Size: 12632.4 sq.ft.
Year Built: 1964
Stories: 2
MLS# OC21128647
Neighborhood: 699 - Not Defined
Pending | Offered at $2,495,000

Troy Palmquist

DRE# 01772139

Property Description

554 - 558 Joann Street is a 6-unit multifamily investment property located in Costa Mesa, one of the premier coastal housing markets in Southern California. 554 - 558 Joann Street contains an excellent unit mix of 2, 1 bed/1 bath units, 2, 2 bed/1 bath units, 1, 3 bed/1.5 bath unit, and 1, 4 bed/1.5 bath unit, which helps attract a diverse renter pool. Additionally, the property offers amenities including private patios and balconies, carport and uncovered parking, spacious gated front yards, and on-site laundry. Since 554 - 558 Joann Street sits on a large lot, a new owner has the potential to construct additional dwelling units to increase pro forma cash flow. 554 - 558 Joann Street has a fantastic Costa Mesa location, positioned minutes away from world famous beaches and shopping destinations as well as major employment hubs in nearby Newport Beach and Huntington Beach.

Features & Amenities

Parking Spaces: 11
Listing Provided By
Kurt Hediger, Marcus & Millichap RE Invest
Based on information from California Regional Multiple Listing Service, Inc. as of October 19, 2021. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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