Contacts
Michael Cavner
The Leeson Group Marcus & Millichap
(949) 419-3327
Property Details
- Property Type Multi-Family
- Property Size 14,159 SF
- Units 25
- Lot Size 0.85 Acre
- Year Built 1973
- Year Renovated 2023
- Date Updated Apr 23, 2024
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Highlights
- *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*
- Turnkey Investment: Featuring one-, two-, and three-bedroom loft floor plans.
- Substantial Renovation: Significant capital investment in 2023 covering interior unit upgrades and common area improvements.
- Unique Debt Component: Assumable note with 50% LTV and IO payments for 9 years. 3.5% interest start rate and blended 4.6% over term.
- Cash-on-Cash Return: Initial cash-on-cash return of 4.2% with a down payment of $6,000,000.
- Modern Amenities: All interiors fully updated, large patios, fireplaces, pool, garages, on-site laundry, beautiful xeriscape garden setting.
- Prime Coastal Location: With positive leverage and a coastal location, combining modern comfort and turnkey renovations.
Getting around
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Walk Score ®
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Location
- City Costa Mesa, CA
- Neighborhood Westside Costa Mesa
- Zip Code 92627
- Market Orange County
Points of Interest
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Tustin Metrolink Station
7.10 miles
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Tustin
7.10 miles
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Santa Ana
7.45 miles
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Orange
9.83 miles
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True Zero
0.58 miles
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Arco
0.70 miles
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76
0.78 miles
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Mobil
1.39 miles
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Express
1.41 miles
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Arco
1.92 miles
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Chevron
2.11 miles
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EV Chargepoint
2.13 miles
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76
2.17 miles
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Superior Car Wash & Detail Center
2.18 miles
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Adams Lot
1.33 miles
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Adams 33
1.38 miles
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Dolphin Parking Structure
2.23 miles
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Villa Balboa Cagney Ln. Parking A
2.40 miles
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Pool House Parking
2.40 miles
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Physician & Staff Parking
2.44 miles
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Patient Parking
2.46 miles
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Advanced Technology Pavilion Parking
2.50 miles
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Royal Thai Valet Parking
2.60 miles
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Sunset Parks Parking Lot
2.65 miles
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Ali Baba Motel
0.27 miles
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Tern Inn
0.27 miles
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Motel 6 Costa Mesa, CA - Newport Beach
0.30 miles
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Days Inn Costa Mesa-Newport Beach
0.35 miles
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Holiday Inn Express Costa Mesa
0.41 miles
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Cozy Inn
0.42 miles
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Sandpiper Motel
0.57 miles
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BLVD Hotel, Ascend Hotel Collection
0.59 miles
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Travelodge by Wyndham Costa Mesa Newport Beach Hacienda
0.63 miles
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Best Western Plus Newport Mesa Inn
1.12 miles
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Albertsons
0.41 miles
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TJ Maxx
0.44 miles
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The Triangle
0.88 miles
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Smart & Final
1.26 miles
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Vons
1.35 miles
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Trader Joe's
1.42 miles
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Vons
1.44 miles
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Ralphs
1.52 miles
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Henrys
1.96 miles
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Mitsuwa
2.46 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Michael Cavner
The Leeson Group Marcus & Millichap
(949) 419-3327