Welcome to 308 Flower Street, a versatile income-producing property nestled in one of Costa Mesa’s most sought-after neighborhoods. Sitting on a spacious 6,970 sq ft lot, this property features three separate units with a garage that as the potenital to house six cars and a long driveway. The front house offers 3 bedrooms and 2 bathrooms with a traditional layout, perfect for an owner-user or long-term tenant. The second unit is a charming 1 bed, 1 bath recently renovated. The third unit, also a 1 bed, 1 bath, has a flexible layout with potential to convert into two separate units, creating even more income upside. This property is surrounded by high-end new construction, this is a fantastic opportunity for a family looking to offset their mortgage with rental income, or a builder/investor looking to maximize the lot’s full potential. Minutes from the beach, top schools, restaurants, this one checks all the boxes. Floor plan in the pictures. Front residence 3 bed/ 2 bath, White roof 1 bed/ 1 bath, above the garage 1bed/1 bath with potential for an additional 1bed/1 bath.
Home Style:
Ranch
Property Sub Type:
Single Family Residence
Property Attached:
No
Lot Area:
6,970 sq. ft.648 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1945
(Age: 80)
General Listing Location:
Costa Mesa, C5 - East Costa Mesa
County Or Parish:
Orange
Tenant Pays:
Other
Common Interest:
None
Gross Income:
$133,200
Gross Scheduled Income:
$133,200
Net Operating Income:
$121,200
Rent Control:
No
Total Actual Rent:
$1,350
Association Fee:
$0
Land Lease:
No
Electric Expense:
$20
Fuel Expense:
$20
Insurance Expense:
$20
Operating Expense:
$12,000
Trash Expense:
$20
Water and Sewer Expense:
$20
Tax Lot:
22
19th to Santa Ana, South on Santa Ana to Flower, 308 Flower
Floor
Type
Size
Other
-
Primary Bedroom
Measurements not available
-
-
Family Room
Measurements not available
-
-
Kitchen
Measurements not available
-
View:
None
Appliances:
Built-In Range, Dishwasher, Disposal, Gas Oven, Gas Range, Microwave, Water Heater
Accessibility Features:
Other, Parking
Number of Buildings:
3
Other Structures:
Shed(s)
# of Electric Meters:
1
# of Gas Meters:
0
# of Water Meters:
0
# Units Leased:
1
Community Features:
Biking, Curbs, Golf, Gutter(s), Park
Senior Community:
No
Interior Features:
Balcony, Ceiling Fan(s), Bar
Exterior Features:
Lighting, Rain Gutters
Laundry Features:
Common Area, Electric Dryer Hookup, Gas Dryer Hookup
Pool Features:
None
Private Pool:
No
Spa Features:
None
Lot Features:
Back Yard, Front Yard, Lawn
Fireplace Features:
Bath, Dining Room, Family Room, Living Room
Security Features:
Carbon Monoxide Detector(s), Smoke Detector(s)
Subdivision Name:
Eastside North (ENCM)
Direction Faces:
West
Levels:
Two, One
Num Stories:
2
Entry Level:
1
Entry Location:
1
New Constr.:
No
Flooring:
Carpet, Laminate, Wood
Foundation:
Slab
Roof:
Composition
Common Walls:
No Common Walls
# Units:
3
Heating:
Central
Fireplace:
Yes
Cooling:
None
Utilities:
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Electricity:
220 Volts in Garage, Standard
Fencing:
Block, Wood
Water supply:
Public
Sewer:
Public Sewer
Spa:
No
Road Frontage Type:
City Street
Road Surface Type:
Paved
Garage Spaces:
6
Uncovered Spaces:
2
Total Parking Spaces:
8
Parking Features:
Direct Access, Driveway, Garage
Special Listing Conditions:
Standard
Parcel Number:
11725403
Photo 1 of 49
Photo 2 of 49
Front residence 3 bed/ 2 bath, White roof 1 bed/ 1 bath, above the garage 1bed/1 bath w potential for an additional 1bed/1 bath.