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Harbor Mesa Luxury Apartments 2027-29 Harbor Blvd 13 Unit Apartment Building $4,995,000 ($384,231/Unit) 5.05% Cap Rate Costa Mesa, CA 92627
Investment Highlights
- Turnkey Property includes (12) Multifamily Units & (1) Commercial Building, Select Unit Have Single-Story Construction
- Over $1,200,000 in Recent Capital Improvements, Major System, Interior & Exterior Upgrades
- Strong Costa Mesa Location (Walk Score: 85)
- Attractive Unit Mix with Studio, One-, & Two-Bedroom Floorplans
- In-Place RUBs, Community Laundry Room
Executive Summary
This 13-unit mixed-use offering includes 12 residential units and one commercial building, with a unit mix spanning studio, one- and two-bedroom floorplans. Select units feature single-story construction. The property has been substantially improved, with more than $1,200,000 in recent capital investments covering major systems, interior finishes, and exterior upgrades. In-place RUBS and a community laundry room.
Property Facts
| Price | $4,995,000 | Apartment Style | Garden |
| Price Per Unit | $384,231 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.41 AC |
| Cap Rate | 5.05% | Building Size | 7,490 SF |
| Gross Rent Multiplier | 13.19 | No. Stories | 2 |
| No. Units | 13 | Year Built | 1949 |
| Property Type | Multifamily | Parking Ratio | 2.8/1,000 SF |
| Property Subtype | Apartment |
| Price | $4,995,000 |
| Price Per Unit | $384,231 |
| Sale Type | Investment |
| Cap Rate | 5.05% |
| Gross Rent Multiplier | 13.19 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.41 AC |
| Building Size | 7,490 SF |
| No. Stories | 2 |
| Year Built | 1949 |
| Parking Ratio | 2.8/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | $2,100 | 430 |
| 1+1 | 2 | $2,400 | 418 |
| 2+1 | 2 | $2,650 | 638 |
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Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 422-091-21 | Improvements Assessment | $485,887 |
| Land Assessment | $2,974,527 | Total Assessment | $3,460,414 |
Property Taxes
Parcel Number
422-091-21
Land Assessment
$2,974,527
Improvements Assessment
$485,887
Total Assessment
$3,460,414
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Harbor Mesa Luxury Apartments | 2027-29 Harbor Blvd
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