365 W Wilson St - Apartments FOR SALE


Costa Mesa, CA 92627- Westside Costa Mesa
$14,650,000 USD
714-713-9086
365 W Wilson St, Costa Mesa, CA for Sale
$14,650,000 USD
Apartments - FOR SALE
1/22
null | 4.73% Cap Rate

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


HIGHLIGHTS

  • Desirable unit mix, one and two-bedroom floor plans, including select units with private patios.
  • 24 units upgraded with differing levels of finishes including vinyl flooring, granite or quartz countertops, modern lighting fixtures, and more.
  • Gated access, swimming pool, built-in BBQs, on-site laundry, and ample parking.
  • Near-market rents with additional value available through further renovations.
  • Walkable location near parks, schools, and daily conveniences.
  • Near Gray Plaza and Harbor Center, anchored by Mercado González Northgate Market.

OVERVIEW

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present Pointe Mesa, a 38-unit multifamily community located at 365 West Wilson Street in the highly desirable city of Costa Mesa, California. Built in 1969 on a generous 1.27-acre parcel, the property offers a well-balanced mix of one and two-bedroom floor plans, including multiple units with private patios. Pointe Mesa features a streamlined unit mix of 1 junior one-bedroom, 27 one-bedroom units (12 with private patios), and 10 two-bedroom/one-bath units (5 with private patios). A total of 24 units have been renovated to differing levels with most renovated units featuring vinyl plank flooring, quartz or granite countertops, modern lighting fixtures, ceiling fans, and more. Community amenities include gated pedestrian and vehicle access, a swimming pool, built-in BBQs, on-site laundry, and abundant parking with 36 carport spaces, 17 surface spaces, and 2 garage spaces. The property is stabilized with near-market rents, with modest upside remaining through the continuation of the existing renovation plan. Centrally located in Costa Mesa, Pointe Mesa offers walkable access to Wilson Park, College Park Elementary School, and nearby retail along Harbor Boulevard, including Gray Plaza and Harbor Center, anchored by the popular Mercado González Northgate Market. The property is minutes from Triangle Square, Orange Coast College, and the OC Fair & Event Center, with convenient access provided by Harbor Boulevard and State Route 55. With its strong location, renovated interiors, and consistently stable performance, Pointe Mesa represents an attractive opportunity to acquire a well-positioned asset in one of Costa Mesa’s most in-demand neighborhoods. *Drive by only. Do not walk the property or disturb the residents. Please contact the Listing Agent(s).*

FOR SALE DETAILS

PRICE

$14,650,000 USD

PRICE/SF

$499 USD /SF

# OF UNITS

38

PRICE/UNIT

$385,526

CAP RATE

4.73%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pointe Mesa

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

55

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,321 SF

ZONING

R3

APN/PARCEL ID

419-061-03

ASK ABOUT THIS PROPERTY

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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

Tyler LeesonMarcus & MillichapMore Info
714-713-9086

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