345 Avocado St APT 201B, Costa Mesa, CA, 92627 | 6.42% Rental Yield

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345 Avocado St APT 201B, Costa Mesa, CA, 92627 | 6.42% Rental Yield | Ziffy

For Sale

Listed for sale 4 days ago

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Costa Mesa at 345 Avocado St APT 201B, Costa Mesa, CA, 92627 earns from $3,478/mo rent with a $3,181/mo payment. Total monthly income totals $3,478/mo. ROI tracks 17.02% on current figures, and rental yield reads 6.42% at a $649,900 purchase. Equity gained on principal adds $4,194/yr, and 5% annual appreciation supports $179,555 over five years. Five-year ROI reaches 87.3% and total cumulative return in cash sums $186,654. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,478/mo property income instead of your personal income.

Condo

Built in 1983

0.86 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to your charming new home, conveniently located in the heart of Costa Mesa at 345 Avocado Street, Unit 201D. This beautifully maintained condo offers 1,022 square feet of luxurious living space, perfectly designed for modern living. Upon entering, you'll be greeted by an open concept living and dining area, accentuated by vaulted ceilings and abundant natural light. The expansive new laminate flooring flows throughout, creating a warm, inviting atmosphere that complements the elegant design. The kitchen and living area are ideal for entertaining, featuring access to a charming deck perfect for enjoying a relaxing nightcap under the stars. The large primary suite offers a tranquil retreat with a walk-in closet and an updated vanity in the bathroom. The second bedroom serves as a versatile flex space, perfect for a home office or guest room. The home is being sold with the appliances and includes a rare in-unit washer and dryer, a significant find at this price point. Parking is a breeze with subterranean parking providing two assigned spots, along with ample guest parking. Additional amenities include a brand new furnace and water heater, and private outdoor space. Pet-friendly, this condo offers both convenience and comfort. Come and experience modern elegance in a thriving community!

Neighborhood Data

Neighborhood data shown for ZIP Code: 92627, Costa Mesa, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	24,560 (100%)
Owner Occupied HU	8,601 (35.0%)
Renter Occupied HU	14,785 (60.2%)
Vacant Housing Units	1,174 ( 4.8%)
Median Home Value	$1,149,319
Average Home Value	$1,200,235