174 Flower St - Apartments FOR SALE


Costa Mesa, CA 92627- East Side Costa Mesa
$2,200,000 USD
951-756-0448
174 Flower St, Costa Mesa, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/10
null | 2.43% Cap Rate

174 Flower St
Costa Mesa, CA 92627
East Side Costa Mesa


HIGHLIGHTS

  • (2) Single-Family Homes on One Parcel in Eastside Costa Mesa
  • Single-Story Floorplans, One- & Two-Bedroom Unit, Private Patios, Paver Backyard & Concrete Driveway
  • Significant Value-Add Opportunity through Garage ADU Conversion
  • Highly Renovated Asset - Extensive Renovations Include High-Quality Finishes Throughout
  • Unit Designs Include Vaulted Ceilings with Exposed Beam Detail, In-Unit Washer/Dryer, In-Unit Fireplaces, Crown Molding, Island Kitchens, and more
  • Desirable Eastside Costa Mesa Location (Walk Score: 89) - Walk to 17th Street & Triangle Square

OVERVIEW

174 Flower Street delivers two detached single-family homes on one Costa Mesa parcel. Both residences are extensively renovated with high-end finishes throughout, each featuring a private patio and single-story layout. The existing two-car garage presents a clear path to a third income-producing unit via ADU conversion. Steps from the 17th Street corridor (Walk Score: 89), minutes from Newport Beach, and served by Newport Mesa Unified. A turnkey asset with a clear value-add path, rarely available in this configuration.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$1,125 USD /SF

# OF UNITS

2

PRICE/UNIT

$1,100,000

CAP RATE

2.43%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,834 SF

ZONING

R2-HD

APN/PARCEL ID

425-234-03

ASK ABOUT THIS PROPERTY

951-756-0448

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951-756-0448

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