145 E 18th St - Apartments FOR SALE


Costa Mesa, CA 92627- Downtown Costa Mesa
$8,650,000 USD
949-423-6111
145 E 18th St, Costa Mesa, CA for Sale
$8,650,000 USD
Apartments - FOR SALE
1/10
null | 4.62% Cap Rate

145 E 18th St
Costa Mesa, CA 92627
Downtown Costa Mesa


HIGHLIGHTS

  • Current Cap Rate: 4.62% (Currently, the Highest Cap Rate in Eastside Costa Mesa)
  • Located on a Large Lot, Excellent Eastside Costa Mesa Location (Walk Score: 93)
  • Recent Exterior & Interior Renovations - All Subpanels Ugraded, Majority Units Re-Piped, New Windows, Rear Sliders & Front Doors, All Roofs Resurfaced
  • Updated Railings & 15 of 19 Units Have Been Renovated
  • Studio, One-, & Two-Bedroom Floorplans, In-Place Rubs
  • Value-Add Opportunity - Current Rates are 15% Below Market

OVERVIEW

Located in Eastside Costa Mesa, 145 E. 18th Street is a recently renovated 19-unit multifamily investment opportunity. The property has ±15,325 rentable SF and is situated on ±29,967 SF/0.68 acres of land with a desirable unit mix of studio, one-, and two-bedroom floor plans. Community features include keyless entry, community pool, bbq and laundry facilities, well-parked and private backyard/balcony in select units. Currently, the property is offering the highest current cap rate in Eastside Costa Mesa (4.62%).

FOR SALE DETAILS

PRICE

$8,650,000 USD

PRICE/SF

$564 USD /SF

# OF UNITS

19

PRICE/UNIT

$455,263

CAP RATE

4.62%

% 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

0.66 AC

LAND SF

28,684 SF

ZONING

R2-MD

APN/PARCEL ID

425-443-11

ASK ABOUT THIS PROPERTY

Daniel BlackwellCBRE, Inc.More Info
949-423-6111

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Daniel BlackwellCBRE, Inc.More Info
949-423-6111

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