553-555 Victoria St, Costa Mesa, CA 92627
13 Unit Apartment Building | $8,950,000 ($688,462/Unit) | 3.27% Cap Rate | Costa Mesa, CA 92627
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $8,950,000
- Property Type
-
Multifamily
- Square Feet
- 13,712 SF
Listing Contacts
Mike O’Neill
Verified Profile
Daniel Blackwell
Verified Profile
Jack O'Connor
Verified Profile
- Property Info
Property Overview
Located in an opportunity zone, Victoria Street sits on almost an acre of land in Costa Mesa. Comprised of (8) well-designed two-bedroom cottages and (5) three-bedroom townhomes that were built in 1991.
Property Details
- Class
- C
- Year Built/Renovated
- 1962/1991
- Stories
- 2
- Lot Size (sq. ft)
- 34,848 SF
- Units
- 13
Highlights
- First Time On Market in 47 Years
- (10) Buildings Located on a Large ±34,848 SF (±1 AC) Lot
- Excellent Unit Mix of (8) 2B/1B Cottages & (5) 3B/2.5B Townhome Floor Plans, All Units Have Washer/Dryer Hook-Ups & Private Backyard Space
- Located in an Opportunity Zone
- Value-Add Opportunity, ADU Garage Conversion Opportunity
- Capital Improvements Include 50-Year Roofs & Walls, Copper Plumbing Installed & New Concrete
Nearby Properties
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