311 W Wilson St - Apartments FOR SALE


Costa Mesa, CA 92627- Westside Costa Mesa
$5,586,000 USD
951-756-0448
311 W Wilson St, Costa Mesa, CA for Sale
$5,586,000 USD
Apartments - FOR SALE
1/9
null | 4.56% Cap Rate

311 W Wilson St
Costa Mesa, CA 92627
Westside Costa Mesa


HIGHLIGHTS

  • Spacious One- & Two-Bedroom Units (Avg. 721 SF)
  • On-Site Laundry Room & Well Parked with (12) Carports, (9) Open & (1) Two-Car Garage
  • ADU Potential - Opportunity to Convert Existing Two-Car Garage into an ADU
  • Significant Capital Improvements - All Units Renovated, Exterior Paint, New Roof Gutter System, Balcony/Decks Replaced, Main Electric Panel Replaced
  • Ceiling Fans Installed in Bedrooms, Vaulted Ceilings in Upstair Units & All Units Include Private Patio or Balcony

OVERVIEW

311 W. Wilson Street is a 14-unit multifamily investment opportunity in the heart of Costa Mesa. All 14 units have been renovated and feature spacious one- and two-bedroom floorplans averaging 721 square feet, with private patios or balconies, ceiling fans, and vaulted ceilings in select upstairs units. Extensive capital improvements include a new roof and gutter system, replaced balconies and decks, new main electrical panel, and copper plumbing throughout. Additional upside through ADU conversion of the existing two-car garage. On-site laundry and well-parked with carport, open & two-car garages.

FOR SALE DETAILS

PRICE

$5,586,000 USD

PRICE/SF

$554 USD /SF

# OF UNITS

14

PRICE/UNIT

$399,000

CAP RATE

4.56%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,172 SF

ZONING

-

APN/PARCEL ID

419-061-08

ASK ABOUT THIS PROPERTY

951-756-0448

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951-756-0448

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