145 E 18th St - Apartments FOR SALE


Costa Mesa, CA 92627
$9,450,000 USD
951-756-0448
145 E 18th St, Costa Mesa, CA for Sale
$9,450,000 USD
Apartments - FOR SALE
1/8
null | 4.05% Cap Rate

145 E 18th St
Costa Mesa, CA 92627


HIGHLIGHTS

  • Rare Offering - Currently, the Largest Apartment Listing in Eastside Costa Mesa
  • Located on Large ±29,967 SF Lot
  • Recent Exterior & Interior Renovations Includes All Subpanels Upgraded, Majority Units Re-Piped, New Windows, Rear Sliders & Front Doors,
  • All Roofs Resurfaced, Updated Railings, and 15 of 19 Units Have Been Renovated
  • Value-Add Opportunity - Current Rates are 15% Below Market
  • Excellent Unit Mix of Studio, One- & Two-Bedroom Floor Plans, Select Units Have Private Yard/Balcony

OVERVIEW

Located in Eastside Costa Mesa, 145 E. 18th Street is a 19-unit multifamily investment opportunity. The value-add property has an excellent unit mix of studio, one- and two-bedroom floorplans and community features include keyless entry, community pool, well-parked and BBQ & laundry facilities. Both the interior and exterior of the property have recently undergone extensive renovations including all subpanels upgraded, security camera system installed, re-piped hot and cold water system, all railings have been updated to current code and 15 of 19 units have been renovated.

FOR SALE DETAILS

PRICE

$9,450,000 USD

PRICE/SF

$617 USD /SF

# OF UNITS

19

PRICE/UNIT

$497,368

CAP RATE

4.05%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

29

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

29,967 SF

ZONING

R2-MD

APN/PARCEL ID

425-443-11

ASK ABOUT THIS PROPERTY

951-756-0448

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951-756-0448

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