145 E 18th St | Costa Mesa, CA 92627
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145 E 18th St
Costa Mesa, CA 92627
Multifamily Property For Sale
·
19 Units
Investment Highlights
- Current Cap Rate: 4.62% (Currently, the Highest Cap Rate in Eastside Costa Mesa)
- Recent Exterior & Interior Renovations - All Subpanels Ugraded, Majority Units Re-Piped, New Windows, Rear Sliders & Front Doors, All Roofs Resurfaced
- Studio, One-, & Two-Bedroom Floorplans, In-Place Rubs
- Located on a Large Lot, Excellent Eastside Costa Mesa Location (Walk Score: 93)
- Updated Railings & 15 of 19 Units Have Been Renovated
- Value-Add Opportunity - Current Rates are 15% Below Market
Property Facts
| No. Units | 19 | Lot Size | 0.66 AC |
| Property Type | Multifamily | Building Size | 15,325 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1959 |
| Building Class | C | Parking Ratio | 1.89/1,000 SF |
| Zoning | R2-MD - Multiple Family Residential - Medium Density | ||
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.66 AC |
| Building Size | 15,325 SF |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.89/1,000 SF |
| Zoning | R2-MD - Multiple Family Residential - Medium Density |
Amenities
Unit Amenities
- Balcony
- Fireplace
- Kitchen
- Granite Countertops
- Hardwood Floors
- Walk-In Closets
- Yard
- Patio
- Floor to Ceiling Windows
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Pool
- Security System
- Tenant Controlled HVAC
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $2,150 | 500 |
| 1+1 | 7 | $2,000 | 550 - 675 |
| 2+1 | 4 | $2,525 | 775 - 850 |
| 2+1.5 | 7 | $3,088 | 1,057 |
Property Taxes
| Parcel Number | 425-443-11 | Improvements Assessment | $892,413 |
| Land Assessment | $7,139,322 | Total Assessment | $8,031,735 |
Property Taxes
Parcel Number
425-443-11
Land Assessment
$7,139,322
Improvements Assessment
$892,413
Total Assessment
$8,031,735
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