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Investment Highlights
- Rare East Side Costa Mesa Vacant ±3,500 SF Medical Office Building
- Strategic Proximity to Hoag Hospital Newport Beach and the surrounding coastal Orange County healthcare network
- A+ Coastal Orange County Location near Costa Mesa and Newport Beach
Executive Summary
The Parham Group at Marcus & Millichap is pleased to present the opportunity to acquire 1770 Orange Ave, a ±3,500 SF medical office building located in Costa Mesa. The property occupies a highly desirable coastal Orange County location near the southern terminus of the 55 freeway, providing convenient connectivity throughout Costa Mesa, Newport Beach and the surrounding Orange County communities.
The building’s efficient, small format design provides a compelling opportunity for a medical practitioner, healthcare provider or professional owner user seeking control of its occupancy costs and a long term presence in an established coastal market. The property may also appeal to a private investor seeking a manageable medical office asset in a supply constrained infill location.
Positioned in Eastside Costa Mesa’s 17th Street commercial corridor and Newport Beach, 1770 Orange Ave benefits from proximity to an affluent residential population, established retail and dining amenities, and a broad network of healthcare providers. Hoag Hospital Newport Beach, one of Orange County’s prominent healthcare institutions, is located nearby and supports the area’s established medical ecosystem.
With its boutique building size, medical office identity and exceptional coastal location, 1770 Orange Ave represents a rare opportunity to acquire an owner-user or investment property within one of Southern California’s most desirable infill submarkets.
The building’s efficient, small format design provides a compelling opportunity for a medical practitioner, healthcare provider or professional owner user seeking control of its occupancy costs and a long term presence in an established coastal market. The property may also appeal to a private investor seeking a manageable medical office asset in a supply constrained infill location.
Positioned in Eastside Costa Mesa’s 17th Street commercial corridor and Newport Beach, 1770 Orange Ave benefits from proximity to an affluent residential population, established retail and dining amenities, and a broad network of healthcare providers. Hoag Hospital Newport Beach, one of Orange County’s prominent healthcare institutions, is located nearby and supports the area’s established medical ecosystem.
With its boutique building size, medical office identity and exceptional coastal location, 1770 Orange Ave represents a rare opportunity to acquire an owner-user or investment property within one of Southern California’s most desirable infill submarkets.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
3,500 SF
Building Class
A
Year Built/Renovated
1960/2016
Price
$2,100,000
Price Per SF
$600
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,750 SF
Building FAR
0.38
Lot Size
0.21 AC
Zoning
C2, Costa Mesa - General Commercial District
Parking
12 Spaces (3.43 Spaces per 1,000 SF Leased)
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Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 425-392-36 | Improvements Assessment | $696,101 |
| Land Assessment | $464,076 | Total Assessment | $1,160,177 |
Property Taxes
Parcel Number
425-392-36
Land Assessment
$464,076
Improvements Assessment
$696,101
Total Assessment
$1,160,177
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