553-555 Victoria St - Apartments FOR SALE


Costa Mesa, CA 92627
$8,950,000 USD
951-756-0448
553-555 Victoria St, Costa Mesa, CA for Sale
$8,950,000 USD
Apartments - FOR SALE
1/9
null | 3.36% Cap Rate

553-555 Victoria St
Costa Mesa, CA 92627


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

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.

FOR SALE DETAILS

PRICE

$8,950,000 USD

PRICE/SF

$653 USD /SF

# OF UNITS

13

PRICE/UNIT

$688,462

CAP RATE

3.36%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

R2-MD

APN/PARCEL ID

422-021-06

ASK ABOUT THIS PROPERTY

951-756-0448

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

951-756-0448

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