3040 Filmore Way - Apartments FOR SALE


Costa Mesa, CA 92626- Westside Costa Mesa
$3,495,000 USD
949-756-3232
3040 Filmore Way, Costa Mesa, CA for Sale
$3,495,000 USD
Apartments - FOR SALE
1/10
null | 4.81% Cap Rate

3040 Filmore Way
Costa Mesa, CA 92626
Westside Costa Mesa


HIGHLIGHTS

  • Over 1100 SF Remodeled 2BD Townhomes with Washer/Dryers, Central AC, and Large Private Patios
  • Turn-Key Asset with Over $300k in Recent Upgrades Including New Electrical System
  • Excellent Costa Mesa Location Near South Coast Plaza and Orange Coast College
  • Approximate 5% Cap Rate on Current Income

OVERVIEW

We are pleased to present a turn key 6-unit asset located in the heart of Costa Mesa. This property consists of six fully renovated, townhome-style units - each spanning over 1100 sq. ft, and upgraded to deliver a high-end living experience. The property features significant interior and exterior improvements, including in-unit washer/dryers, stainless steel appliances, central A/C, and spacious private patios — all of which contribute to a condo-quality environment that attracts and retains quality tenants. Positioned just under a 5% cap rate on current rents, this asset offers investors the opportunity to generate strong, passive income with minimal operational burden, while benefiting from premium amenities and long-term stability in a sought-after Orange County submarket.

FOR SALE DETAILS

PRICE

$3,495,000 USD

PRICE/SF

$507 USD /SF

# OF UNITS

6

PRICE/UNIT

$582,500

CAP RATE

4.81%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

Multi Fam Residence

APN/PARCEL ID

141-134-23

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 Policy.