2177 Pomona Avenue, Costa Mesa, California 92627, Costa Mesa, 92627 - bed, bath
ACTIVE$1,250,000
2177 Pomona Avenue, Costa Mesa, California 92627
0Bed
0Bath
1,680Sqft
6,490Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Hyer Elementary School (10/10). High School: Highland Park High School (9/10).
Top Cons:
Below Market Rents: Current tenants are on month-to-month leases at below market rents, indicating a need for rent adjustments or unit renovations to maximize income potential.
Compared to the nearby listings
Price:$1.25M vs avg $975.0K (+$275,000)79%
Size:1,680 sqft vs avg 1,461 sqft83%
Price/sqft:$744 vs avg $66367%
More Insights
Built in 1973 (52 years old).
Condition: Built in 1973, this property shows its age, particularly in the kitchen which features dated dark wood cabinets, tile countertops, and tile flooring. While some areas like the bedroom have updated laminate flooring and some stainless steel appliances are present, the overall aesthetic and key components like the kitchen are significantly outdated. The property is functional and appears maintained, but requires substantial aesthetic updates and likely a full kitchen and bathroom renovation to meet current market expectations and command higher rents. This aligns with the 'Fair' category, indicating an aged home maintained through regular upkeep but with major components showing signs of being outdated.
Year Built
1973
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
$744
HOA
-
Days on market
-
Sold On
-
MLS number
NP24184415
Home ConditionFair
Features
View-
About this home
Rare opportunity to acquire a one of two separately parceled duplexes on large lots in Westside Costa Mesa. The property is fully-occupied with long-term, month-to-month tenant at below market rents. Both units are two bedroom / one bathroom. It is well located: walking distance to shopping and dining along Harbor Boulevard, many businesses along Placentia Avenue, as well as Wilson, Pomona, and Rea Elementary Schools and Estancia High School. Nearby points of interest include Costa Mesa Golf Course, Orange Coast College, the OC Fair & Events Center, the Triangle shopping center, Newport Beach/ Balboa Peninsula, and Hoag Hospital.
Nearby schools
4/10
Everett A. Rea Elementary School
Public,•PK-6•0.2mi
4/10
Pomona Elementary School
Public,•PK-6•0.3mi
3/10
Wilson Elementary School
Public,•PK-6•0.3mi
6/10
Victoria Elementary School
Public,•PK-6•0.8mi
4/10
College Park Elementary School
Public,•PK-6•1.1mi
4/10
Whittier Elementary School
Public,•PK-6•1.2mi
7/10
Adams Elementary School
Public,•PK-6•1.5mi
8/10
Heinz Kaiser Elementary School
Public,•3-6•1.5mi
/10
Woodland Elementary School
Public,•PK-2•1.7mi
8/10
Newport Heights Elementary School
Public,•K-6•3.2mi
9/10
Newport Elementary School
Public,•PK-6•3.3mi
7/10
John J Pershing Elementary School
Public,•PK-5•1219.0mi
10/10
Hyer Elementary School
Public,•PK-4•1219.7mi
6/10
Preston Hollow Elementary School
Public,•PK-5•1219.8mi
4/10
Charles W. Tewinkle Middle School
Public,•7-8•2.4mi
7/10
Horace Ensign Intermediate School
Public,•7-8•2.5mi
5/10
Benjamin Franklin Middle School
Public,•6-8•1220.4mi
8/10
Highland Park Middle School
Public,•7-8•1220.5mi
8/10
Mcculloch Intermediate School
Public,•5-6•1220.5mi
5/10
Estancia High School
Public,•9-12•0.6mi
6/10
Costa Mesa High School
Public,•7-12•1.7mi
7/10
Newport Harbor High School
Public,•9-12•2.2mi
9/10
Highland Park High School
Public,•9-12•1219.5mi
4/10
Hillcrest High School
Public,•9-12•1220.4mi
Condition Rating
Fair
Built in 1973, this property shows its age, particularly in the kitchen which features dated dark wood cabinets, tile countertops, and tile flooring. While some areas like the bedroom have updated laminate flooring and some stainless steel appliances are present, the overall aesthetic and key components like the kitchen are significantly outdated. The property is functional and appears maintained, but requires substantial aesthetic updates and likely a full kitchen and bathroom renovation to meet current market expectations and command higher rents. This aligns with the 'Fair' category, indicating an aged home maintained through regular upkeep but with major components showing signs of being outdated.
Pros & Cons
Pros
Great Schools: Elementary School: Hyer Elementary School (10/10). High School: Highland Park High School (9/10).
Investment Opportunity: Rare opportunity to acquire one of two separately parceled duplexes on large lots in Westside Costa Mesa, offering significant investment potential.
Prime Walkable Location: Excellent walkability to shopping, dining along Harbor Boulevard and Placentia Avenue, and multiple schools including Wilson, Pomona, Rea Elementary, and Estancia High School.
Proximity to Key Amenities: Conveniently located near major points of interest such as Costa Mesa Golf Course, Orange Coast College, the OC Fair & Events Center, The Triangle shopping center, Newport Beach/Balboa Peninsula, and Hoag Hospital.
Immediate Income Stream: The property is fully-occupied with long-term, month-to-month tenants, providing an immediate and stable rental income stream for a new owner.
Duplex Configuration: Consisting of two separate 2-bedroom/1-bathroom units, this duplex offers diversified income potential and flexibility for various investment strategies.
Cons
Below Market Rents: Current tenants are on month-to-month leases at below market rents, indicating a need for rent adjustments or unit renovations to maximize income potential.
Property Age: Built in 1973, the property is over 50 years old, suggesting potential for deferred maintenance, outdated systems, or a need for significant capital expenditures for modernization.
Unit Layout Limitation: Both units feature a 2-bedroom/1-bathroom configuration, which may be less desirable for some renters or families compared to units with additional bathrooms, potentially limiting rental appeal or future value.