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621 W 19th Street

Costa Mesa, CA 92627
  • $3,330,000
  • STATUS: Active
  • ON SITE: 76 Days
  • ID#: OC22040843
UPDATED: 18 min ago
$3,330,000
  • 0
    BEDS
  • 0.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1958
County:

School Ratings & Info

Listing Agent(s): Mehran Novini of Consolidated Capital Investments (714-547-5800)


Description

Rehabilitated in 2009-Three unit retail property located on 19th Street, a major thoroughfare with high traffic count, with many major retailers such as McDonald's (next door), In-N-Out Burger, Bank of America, Triangle Square, Starbucks Coffee, 24 Hour Fitness, Coffee Bean and Tea Leave, Buffalo Wild Wings, Smart & Final, and many others. Subject property has three retail units, One occupied by Little Caesars which has occupied the property for over 11 years and has over 14 years of lease term remaining including option periods; One occupied by Up In Smoke, a tobacco shop with four locations, and a good operator. The third unit is not occupied making this property suitable for a user. The income indicated here is a proforma income reflecting rental income of $3.25 per SF per month. All leases are NNN allowing the owner to pass through the property expenses to the tenants. Contact Ron Novini for more information on the rental income, expenses and other pertinent facts.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-17T16:32:07.757. 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 deemed reliable but is not guaranteed accurate by the MLS or Veronica Encinas Team | Coldwell Banker Realty. Licensed in the State of California, USA.
www.encinashomes.com/homes/126251160
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621 W 19th Street Costa Mesa, CA 92627

  • Price: $3,330,000
  • Status: Active
  • On Site: 76 Days
  • Updated: 18 min ago
  • ID#: OC22040843
0
Beds
0
Baths
0
½ Baths
0.27
Acres
1958
Built
Neighborhood:
C2 - Southwest Costa Mesa
County:
Orange
Area:
C2 - Southwest Costa Mesa
Property Description
Rehabilitated in 2009-Three unit retail property located on 19th Street, a major thoroughfare with high traffic count, with many major retailers such as McDonald's (next door), In-N-Out Burger, Bank of America, Triangle Square, Starbucks Coffee, 24 Hour Fitness, Coffee Bean and Tea Leave, Buffalo Wild Wings, Smart & Final, and many others. Subject property has three retail units, One occupied by Little Caesars which has occupied the property for over 11 years and has over 14 years of lease term remaining including option periods; One occupied by Up In Smoke, a tobacco shop with four locations, and a good operator. The third unit is not occupied making this property suitable for a user. The income indicated here is a proforma income reflecting rental income of $3.25 per SF per month. All leases are NNN allowing the owner to pass through the property expenses to the tenants. Contact Ron Novini for more information on the rental income, expenses and other pertinent facts.
Exterior Features

Lot Features Street Level Open Parking Spaces 14 Parking Total 14 Sign On Property YN Yes

Property Features

Additional Parcels YN No Anchors Co Tenants 1 Business Type Restaurant Cap Rate 5.51 Common Interest None Land Lease YN No Laundry Features None Lease Considered YN Yes Listing Agreement Exclusive Right To Sell Listing Terms CashCash To New Loan Number Of Units Leased 2 Property Sub Type Retail Special Listing Conditions Standard Utilities Electricity ConnectedPhone ConnectedSewer ConnectedUnderground UtilitiesWater Connected Water Source Public Zoning Commercial



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-17T16:32:07.757. 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 deemed reliable but is not guaranteed accurate by the MLS or Veronica Encinas Team | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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Veronica Encinas Team | Coldwell Banker Realty
840 Newport Center Drive, Ste. 100
Newport CA, 92660
Listing Agent(s): Mehran Novini of Consolidated Capital Investments (714-547-5800)