1635 Coriander Dr - Apartments FOR SALE


Costa Mesa, CA 92626- Westside Costa Mesa
$2,150,000 USD
949-756-3232
1635 Coriander Dr, Costa Mesa, CA for Sale
$2,150,000 USD
Apartments - FOR SALE
1/8
null | 3.74% Cap Rate

1635 Coriander Dr
Costa Mesa, CA 92626
Westside Costa Mesa


HIGHLIGHTS

  • Located in the Highly Desirable Mesa Verde Neighborhood of Costa Mesa
  • Excellent Unit Mix of a 1600 Sq Ft Three-Bedroom and Three 1000 Sq Ft Two-Bedrooms
  • Well-Maintained Asset with Recent Exterior Improvements
  • Positioned on a Spacious Lot with Seven On-Site Parking Spaces
  • Significant Upside in Rental Income

OVERVIEW

Coriander Drive is a rare four-unit investment opportunity located on the spice streets in the highly sought-after Mesa Verde neighborhood of Costa Mesa. The property features an exceptional unit mix consisting of one spacious three-bedroom unit and three well-designed two-bedroom units, catering to a broad tenant base seeking larger floor plans with units ranging from 1000-1600 sqft in one of Orange County’s most desirable rental markets. The property has been well maintained and benefits from recent exterior improvements, including upgrades staircases, new windows, new tankless water heater, allowing a new owner to capitalize on a stable in-place income stream while continuing to enhance the asset over time. Positioned on a generous lot with seven on-site parking spaces, the property offers an amenity that is increasingly valuable in the Costa Mesa market. With below-market rents, investors have the opportunity to achieve meaningful rental upside as units naturally turn over, creating the potential for increased cash flow and long-term appreciation.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$474 USD /SF

# OF UNITS

4

PRICE/UNIT

$537,500

CAP RATE

3.74%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Coriander Property

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

8,001 SF

ZONING

R2-MD

APN/PARCEL ID

139-492-02

ASK ABOUT THIS PROPERTY

Justin SchneiderTriqor GroupMore Info
949-756-3232

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Justin SchneiderTriqor GroupMore Info
949-756-3232

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