2230 Canyon Dr - Apartments FOR SALE


Costa Mesa, CA 92627- Westside Costa Mesa
$4,525,000 USD
714-713-9086
2230 Canyon Dr, Costa Mesa, CA for Sale
$4,525,000 USD
Apartments - FOR SALE
1/11
null | 4.12% Cap Rate

2230 Canyon Dr
Costa Mesa, CA 92627
Westside Costa Mesa


HIGHLIGHTS

  • Seven spacious two-story, 2-bedroom/2.5-bath units with private patios and balconies; one unit features a large backyard.
  • Eight garages and eight surface spaces, with laundry hookups in every unit—highly desirable for renters, especially families.
  • Five units upgraded with shaker-style cabinetry, vinyl flooring, recessed lighting, and stainless-steel appliances.
  • Additional rental upside through continuing the proven interior renovation program.
  • Front and rear patios, balconies, and a private yard (select unit) create a unique living experience not commonly found in multifamily properties.
  • Located in a strong rental market near the coast, with long-term demand drivers that support rental growth and property value appreciation.

OVERVIEW

The Leeson Group of Marcus & Millichap is pleased to present 2230 Canyon Drive, a 7-unit multifamily investment opportunity located in the highly desirable city of Costa Mesa, California. Built in 1990, the gated property consists entirely of spacious two-story, 2-bedroom/2.5-bath townhouse-style units, a rare and highly attractive offering in today’s rental market. Six units feature a front patio, back patio, and private balcony, while the rear unit offers a front patio and a large private backyard. Residents benefit from ample parking with eight garages and eight surface spaces, along with the convenience of laundry hookups in every unit. Five units have been thoughtfully renovated with modern finishes including shaker-style cabinetry, vinyl flooring, recessed lighting, and stainless-steel kitchen appliances. The property’s renovation program has proven effective, giving investors an opportunity to capture additional upside through continued upgrades, while current tenants already enjoy generous layouts and abundant private outdoor space that distinguish these units from competing rentals. 2230 Canyon Drive offers residents everyday convenience with walkable access to schools such as Victoria Elementary, Estancia High School, and the Waldorf School of Orange County. Nearby parks and open spaces include Talbert Regional Park, a 180-acre preserve with extensive bike and pedestrian trails, as well as Fairview Park and direct access to the Santa Ana River Trail and Banning Channel Bikeway. Within two miles of the property are Harbor Boulevard and Brookhurst Street, both of which offer an array of retail centers, restaurants, and daily conveniences. 2230 Canyon Drive represents a rare opportunity to acquire a well-maintained coastal Orange County multifamily asset with spacious townhouse layouts, ample outdoor space, in-unit laundry hookups, and clear upside through a proven renovation strategy. This property is well-positioned for investors seeking a high-quality asset with strong renter demand and long-term growth potential in one of Costa Mesa’s most desirable neighborhoods. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$4,525,000 USD

PRICE/SF

$548 USD /SF

# OF UNITS

7

PRICE/UNIT

$646,429

CAP RATE

4.12%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,078 SF

ZONING

-

APN/PARCEL ID

422-072-05

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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