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$ 2,250,000
Est. payment | /mo
3 Beds
3 Baths
0.3 Acres Lot
$ 2,250,000
Est. payment | /mo
3 Beds
3 Baths
0.3 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26045159
Bedrooms 3
Lot Size 0.300 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
The Victoria Street Apartments presents a rare opportunity to acquire a well-located, four-unit multifamily investment in the highly desirable, supply-constrained submarket of Costa Mesa within Greater Orange County. Constructed in 1961, the property features a low-density and highly attractive unit mix consisting of (2) spacious, single-story three-bedroom/two-bath units and (2) studios totaling approximately 3,449 square feet. The asset sits on an expansive 13,047 square foot lot, offering strong intrinsic land value and future operational flexibility, including potential ADU opportunities. The property provides a compelling resident experience with desirable amenities, such as ample on-site parking with covered carports, private patios, and balconies - features that enhance tenant appeal and support strong occupancy fundamentals. Select units have undergone recent upgrades and renovations, further strengthening the assets competitive positioning. Strategically located near Costa Mesas premier retail, dining, and entertainment corridors - and just minutes from Huntington Beach - the property benefits from close proximity to The Triangle Square, the OC Fair & Event Center, the 17th Street Promenade, and Talbert Regional Park. This prime location, combined with the assets favorable unit composition and land-to-building ratio, positions the Victoria Street Apartments as a high-quality investment opportunity offering durable demand drivers, rental upside, and meaningful long-term appreciation potential.
Location
State CA
County Orange
Zoning Public Rec
Direction West Victoria St and N Pacific Ave. Do not disturb tenants. Make offers subject to inspection.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 42204125
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Listed by Greg Bassirpou, DRE#01365951 Marcus & Millichap RE Invest
Nearby Locations
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