1383 Baker St - Apartments FOR SALE


Costa Mesa, CA 92626- Westside Costa Mesa
$1,600,000 USD
949-290-0199
1383 Baker St, Costa Mesa, CA for Sale
$1,600,000 USD
Apartments - FOR SALE
1/6
null | 3.41% Cap Rate

1383 Baker St
Costa Mesa, CA 92626
Westside Costa Mesa


HIGHLIGHTS

  • Rental upside of 18–24% to proforma rents of $2,800–$2,950/mo across all 3 units
  • Great Location of Costa Mesa
  • 1,100 SF townhouse unit commands premium positioning at $2,950/mo proforma in tight Costa Mesa rental market

OVERVIEW

Well-maintained triplex consisting of all 2-bedroom units with one 2x1.5 Townhome unit in a desirable Costa Mesa location. The property is in good condition with significant upside in rents, offering a new owner the opportunity to capture market-rate income through unit turnover. This two-story triplex offers private garages, on-site parking, and mature landscaping on a 6,500 SF lot. A rare opportunity to acquire a clean, all 2-bedroom triplex in one of Orange County's strongest rental submarkets.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$575 USD /SF

# OF UNITS

3

PRICE/UNIT

$533,333

CAP RATE

3.41%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Baker St. Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,500 SF

ZONING

-

APN/PARCEL ID

141-191-05

ASK ABOUT THIS PROPERTY

Ryan AndersonR.L.M. EquitiesMore Info
949-290-0199

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Ryan AndersonR.L.M. EquitiesMore Info
949-290-0199

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