- For Sale $12,000,000
- 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.
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Contacts
Michael Cavner
The Leeson Group Marcus & Millichap
(949) 419-3327
Location
Getting Around
-
Walk Score ®
Very Walkable (76) -
Transit Score ®
Some Transit (42) -
Bike Score ®
Bikeable (67)
- 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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Norms
0.46 miles
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Panda Express
0.49 miles
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Nick's Pizza
0.50 miles
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McDonald's
0.51 miles
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Filomena's Italian Kitchen & Market
0.58 miles
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Celebrations by Turnip Rose
0.72 miles
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Yard House
0.85 miles
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SOCIAL Costa Mesa
0.86 miles
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In-N-Out Burger
0.99 miles
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Subway
1.06 miles
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College Park Elementary School
0.51 miles
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Lindbergh School
0.59 miles
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Heritage Montessori School
0.66 miles
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McNally School
0.76 miles
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Vanguard University
0.77 miles
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Saint Joachim School
0.78 miles
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Heinz Kaiser Elementary School
0.86 miles
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Rea Elementary School
0.93 miles
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Woodland Elementary
0.93 miles
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Pomona Elementary School
1.07 miles
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Environmental Nature Center Nature Preschool
2.24 miles
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KinderCare
3.01 miles
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University Montessori
4.36 miles
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KinderCare
4.63 miles
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KinderCare
6.78 miles
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Kinderland Academy
6.93 miles
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Boys & Girls Club of Tustin
7.58 miles
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Kiddie Academy
7.88 miles
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The Leaning Spot
8.31 miles
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Carden Conservatory
8.44 miles
Contact Listing Broker
Michael Cavner
The Leeson Group Marcus & Millichap
(949) 419-3327