1540 Superior Ave - Apartments FOR SALE


Costa Mesa, CA 92627- Downtown Costa Mesa
$6,300,000 USD
714-713-9086
1540 Superior Ave, Costa Mesa, CA for Sale
$6,300,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

1540 Superior Ave
Costa Mesa, CA 92627
Downtown Costa Mesa


HIGHLIGHTS

  • The project consists of nine well-appointed 3-bedroom, 2.5-bathroom townhomes with dedicated office spaces, private decks, and garages.
  • Unit sizes range from 1,737 to 2,261 square feet.
  • The projected average sale price per unit is $1,767,778, equating to $938 per square foot, with total revenue estimated at $15,910,000.
  • Total project costs amount to $12,081,100, with direct construction costs of $3,915,750 ($230 per square foot).
  • The project is expected to generate a net profit of $3,828,900 over two years, yielding a profit margin of 31.7%.
  • All units are designed with modern layouts, including office spaces, & private decks.

OVERVIEW

The 1540 Superior Avenue project offers a prime development and investment opportunity in one of Costa Mesa’s most rapidly evolving districts. Situated at the corner of Industrial and Superior, this high-visibility site benefits from strong market momentum, urban convenience, and strategic positioning, making it a highly attractive choice for developers and investors. With final tract map approval anticipated within 6–8 weeks and the project set to be permit-ready by April/May 2025, this investment provides a streamlined and efficient path to construction in a supply-constrained market. The property is directly across from the Superior Avenue live/work community, a transformative development that has redefined modern urban living in Costa Mesa. The presence of integrated residential, commercial, and live/work spaces in the immediate vicinity enhances buyer appeal and reinforces sustained demand for well-designed housing solutions, further strengthening the long-term investment potential of this site. As a center for innovation, commerce, and lifestyle, Costa Mesa continues to attract a diverse mix of residents and professionals. 1540 Superior Avenue is ideally positioned near high-end retail, sought-after dining destinations, and key employment hubs, ensuring consistent buyer and renter interest. Additionally, its location near established commercial corridors promotes steady foot traffic and heightened visibility, further solidifying its place in the city’s evolving real estate landscape. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$6,300,000 USD

PRICE/SF

$370 USD /SF

# OF UNITS

9

PRICE/UNIT

$700,000

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

-

APN/PARCEL ID

425-351-06

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.