2029 Harbor Blvd | Costa Mesa, CA 92627
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- LoopNet Team
2029 Harbor Blvd
Costa Mesa, CA 92627
2027-2029 Harbor Blvd · Multifamily Property For Sale
·
13 Units
INVESTMENT HIGHLIGHTS
- Mixed-Use Property Consisting of (12) Apartment Units & (1) Retail Building
- (4) Buildings on Large Lot (± 17,920 SF), Unit Mix of Studio, 1- & 2-Bedroom Floor Plans
- Market Cap Rate: 5.42%
- First Time On Market in Over 30 Years
- Upside Potential - Opportunity to Increase Rents by 41%
- All Apartment Units Are Month-To-Month Tenancy & Retail Building Expected to Be Vacant by Close-Of-Escrow
PROPERTY FACTS
| No. Units | 13 | Lot Size | 0.40 AC |
| Property Type | Multifamily | Building Size | 7,490 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1949 |
| Building Class | B | Parking Ratio | 1.6/1,000 SF |
| Zoning | C2 - General Business | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.40 AC |
| Building Size | 7,490 SF |
| No. Stories | 2 |
| Year Built | 1949 |
| Parking Ratio | 1.6/1,000 SF |
| Zoning | C2 - General Business |
AMENITIES
SITE AMENITIES
- Laundry Facilities
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | $1,025 | 430 |
| 1+1 | 2 | $1,005 | 418 |
| 2+1 | 2 | $1,035 | 638 |
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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