1124 Victoria St - Apartments FOR SALE


Costa Mesa, CA 92627- Westside Costa Mesa
$2,325,000 USD
714-608-3255
1124 Victoria St, Costa Mesa, CA for Sale
$2,325,000 USD
Apartments - FOR SALE
1/20
null | 4.25% Cap Rate

1124 Victoria St
Costa Mesa, CA 92627
Westside Costa Mesa


HIGHLIGHTS

  • Premier Costa Mesa Location & Close Proximity To Major Lifestyle Destinations Including The Triangle Square, OC Fair & Event Center, & More
  • Attractive Unit Mix: (2) Single-Story 3 Bed/ 2 Bath Units & (2) Studio Units
  • Recent Unit Upgrades & Renovations / Strong Rental Upside Potential
  • Expansive Lot With Potential ADU Opportunity
  • Ample On-Site Parking With Covered Carports
  • Private Patios & Balconies

OVERVIEW

The Victoria Street Apartments presents a rare opportunity to acquire a well-located, four-unit multifamily investment in the highly desirable, supply-constrained submarket of Costa Mesa within Greater Orange County. Constructed in 1961, the property features a low-density and highly attractive unit mix consisting of (2) spacious, single-story three-bedroom/two-bath units and (2) studios totaling approximately 3,449 square feet. The asset sits on an expansive 13,047 square foot lot, offering strong intrinsic land value and future operational flexibility, including potenatial ADU opportunities. The property provides a compelling resident experience with desirable amenities, such as ample on-site parking with covered carports, private patios, and balconies - features that enhance tenant appeal and support strong occupancy fundamentals. Select units have undergone recent upgrades and renovations, further strengthening the assest’s competitive positioning. Strategically located near Costa Mesa’s premier retail, dining, and entertainment corridors - and just minutes from Huntington Beach - the property benefits from close proximity to The Triangle Square, the OC Fair & Event Center, the 17th Street Promenade, and Talbert Regional Park. This prime location, combined with the asset’s favorable unit composition and land-to-building ratio, positions the Victoria Street Apartments as a high-quality investment opportunity offering durable demand drivers, rental upside, and meaningful long-term appreciation potential. **Call/Email for Marketing Package**

FOR SALE DETAILS

PRICE

$2,325,000 USD

PRICE/SF

$674 USD /SF

# OF UNITS

4

PRICE/UNIT

$581,250

CAP RATE

4.25%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,047 SF

ZONING

-

APN/PARCEL ID

422-041-25

ASK ABOUT THIS PROPERTY

Greg BassirpouMarcus & MillichapMore Info
714-608-3255

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Greg BassirpouMarcus & MillichapMore Info
714-608-3255

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