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1780 Santa Ana Ave 3 Unit Apartment Building Offered at $2,449,000 Costa Mesa, CA 92627
INVESTMENT HIGHLIGHTS
- First time on the market in 50+ years
- 3,750 SF building | 8,321 SF lot
- New roof completed in 2025
- Three (3) 2BR/1.5BA townhome-style units
- Walkable Eastside Costa Mesa location near 17th Street
EXECUTIVE SUMMARY
1780 Santa Ana Avenue is a rare Eastside Costa Mesa triplex hitting the market for the first time in over 50 years. The property features three large 2BR/1.5BA townhome-style units, each approximately 1,250 SF, for a total building size of 3,750 SF situated on an 8,321 SF lot. A new roof was completed in 2025, significantly reducing near-term capital expenditures.
Located just off 17th Street—one of the most desirable pockets in Costa Mesa—this asset sits among strong demographics, walkable amenities, and consistent tenant demand. All units are fully occupied with long-term tenants and are separately metered, providing stable income with clear operational upside over time.
This is an extremely hard-to-replicate location and unit mix in a supply-constrained submarket known for long-term appreciation and minimal vacancy. An excellent fit for local investors, long-term holders, and 1031 exchange buyers.
Located just off 17th Street—one of the most desirable pockets in Costa Mesa—this asset sits among strong demographics, walkable amenities, and consistent tenant demand. All units are fully occupied with long-term tenants and are separately metered, providing stable income with clear operational upside over time.
This is an extremely hard-to-replicate location and unit mix in a supply-constrained submarket known for long-term appreciation and minimal vacancy. An excellent fit for local investors, long-term holders, and 1031 exchange buyers.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$93,816
|
$25.02
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,814
|
$0.75
|
| Effective Gross Income |
$91,002
|
$24.27
|
| Taxes |
$25,673
|
$6.85
|
| Operating Expenses |
$16,114
|
$4.30
|
| Total Expenses |
$41,787
|
$11.14
|
| Net Operating Income |
$49,215
|
$13.12
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $93,816 |
| Annual Per SF | $25.02 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,814 |
| Annual Per SF | $0.75 |
| Effective Gross Income | |
|---|---|
| Annual | $91,002 |
| Annual Per SF | $24.27 |
| Taxes | |
|---|---|
| Annual | $25,673 |
| Annual Per SF | $6.85 |
| Operating Expenses | |
|---|---|
| Annual | $16,114 |
| Annual Per SF | $4.30 |
| Total Expenses | |
|---|---|
| Annual | $41,787 |
| Annual Per SF | $11.14 |
| Net Operating Income | |
|---|---|
| Annual | $49,215 |
| Annual Per SF | $13.12 |
PROPERTY FACTS
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Heating
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Oven
- Carpet
- Yard
- Family Room
- Lawn
- Linen Closet
- Pantry
- Patio
- Large Bedrooms
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 3 | $2,621 | 1,250 |
1 1
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (77)
PROPERTY TAXES
| Parcel Number | 425-014-20 | Total Assessment | $1,938,000 (2025) |
| Land Assessment | $1,697,940 (2025) | Annual Taxes | $25,673 ($6.85/SF) |
| Improvements Assessment | $240,060 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
425-014-20
Land Assessment
$1,697,940 (2025)
Improvements Assessment
$240,060 (2025)
Total Assessment
$1,938,000 (2025)
Annual Taxes
$25,673 ($6.85/SF)
Tax Year
2024
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1780 Santa Ana Ave
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