Charle Square Apartments

16 Unit Apartment Building | $7,250,000 ($453,125/Unit) | 4.51% Cap Rate | Costa Mesa, CA 92627

Asking Price $7,250,000

Property Type: Multifamily
Square Feet: 9,159 SF

Listing Contacts

Chris Pettit

Verified Profile

Property Info

Property Overview

Completely turnkey investment opportunity in Westside Costa Mesa, just off the 55 and close to Triangle Square. Over the past year, Charle Square Apartments has undergone a comprehensive renovation program with over $1,000,000 invested into upgrading the property.
Extensive renovation list provided with OM, all completed with necessary permits. Improvements are all completed with modern, high quality finishes, with a focus on continued low maintenance operations, providing a new owner ease of ownership with great cash flow at the start.

Property Details

Class: C
Year Built/Renovated: 1962/2024
Stories: 2
Lot Size (sq. ft): 26,136 SF
Units: 16

Highlights

True Turnkey Apartment Opportunity
Great Costa Mesa Location
Fully Renovated Interiors and Exteriors
In-Unit Laundry
Over $1 Million Spent in Cap Ex
Low Maintenance Operations In Place

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