Costa Mesa Duplex

[Brenda Garcia]

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $1,119,000
Cash invested: $250,000

Duplex on west side Costa Mesa

What made you interested in investing in this type of deal?

I prefer multi family investments and I like the city of Costa Mesa.

How did you find this deal and how did you negotiate it?

I located based on web searches and my Real estate agent negotiated the deal

How did you finance this deal?

1031 exchange and traditional financing

How did you add value to the deal?

Did repairs to the front unit and found renters to pay market rent. Back units are long term renters and I am slowly increasing rents to get them to market level.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Tim Carr was the sellers property manager and real estate agent. My real estate agent was Jordan Bennett