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203 Ogle St 3 Unit Apartment Building $2,195,000 ($731,667/Unit) Costa Mesa, CA 92627
Investment Highlights
- Rare Eastside Costa Mesa Triplex
- Strong Long-Term Rental Demand
- Large Townhouse-Style Units
- Easy Access to Beaches & Freeways
Executive Summary
Gould Group is pleased to present 203 Ogle Street, a rare triplex opportunity located in the highly sought-after Eastside Costa Mesa market bordering Newport Heights and Newport Beach. The property features an attractive unit mix consisting of (1) 4BR/2BA townhouse-style unit, (1) 2BR/1.5BA townhouse-style unit, and (1) 2BR/1BA unit, offering large floorplans rarely found in coastal multifamily properties of this size.
Positioned just moments from 17th Street shopping and dining, Newport Harbor, beaches, and major freeway access, 203 Ogle Street benefits from strong long-term rental demand in one of Orange County’s most supply-constrained multifamily submarkets. The property presents an excellent opportunity for investors seeking a well-located coastal asset with long-term upside and strong underlying real estate fundamentals.
Positioned just moments from 17th Street shopping and dining, Newport Harbor, beaches, and major freeway access, 203 Ogle Street benefits from strong long-term rental demand in one of Orange County’s most supply-constrained multifamily submarkets. The property presents an excellent opportunity for investors seeking a well-located coastal asset with long-term upside and strong underlying real estate fundamentals.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$101,352
|
$30.11
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,041
|
$0.90
|
| Effective Gross Income |
$98,311
|
$29.21
|
| Taxes |
$25,490
|
$7.57
|
| Operating Expenses |
$17,114
|
$5.08
|
| Total Expenses |
$42,604
|
$12.66
|
| Net Operating Income |
$55,707
|
$16.55
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $101,352 |
| Annual Per SF | $30.11 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,041 |
| Annual Per SF | $0.90 |
| Effective Gross Income | |
|---|---|
| Annual | $98,311 |
| Annual Per SF | $29.21 |
| Taxes | |
|---|---|
| Annual | $25,490 |
| Annual Per SF | $7.57 |
| Operating Expenses | |
|---|---|
| Annual | $17,114 |
| Annual Per SF | $5.08 |
| Total Expenses | |
|---|---|
| Annual | $42,604 |
| Annual Per SF | $12.66 |
| Net Operating Income | |
|---|---|
| Annual | $55,707 |
| Annual Per SF | $16.55 |
Property Facts
| Price | $2,195,000 | Building Class | C |
| Price Per Unit | $731,667 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 3,366 SF |
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1972 |
| Apartment Style | Low-Rise | Parking Ratio | 2.38/1,000 SF |
| Zoning | R2-MD - Multifamily Residential | ||
| Price | $2,195,000 |
| Price Per Unit | $731,667 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,366 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1972 |
| Parking Ratio | 2.38/1,000 SF |
| Zoning | R2-MD - Multifamily Residential |
Amenities
- Smoke Detector
Unit Amenities
- Fireplace
- Microwave
- Heating
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Yard
- Dining Room
- Family Room
- Handrails
- Patio
- Porch
- Large Bedrooms
Site Amenities
- Courtyard
- Laundry Facilities
- Picnic Area
- Zen Garden
- Private Bathroom
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 1 | $5,000 | - |
| 2+1.5 | 1 | $1,663 | - |
| 2+1 | 1 | $1,733 | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 425-202-02 | Total Assessment | $480,233 |
| Land Assessment | $238,913 | Annual Taxes | $25,490 ($7.57/SF) |
| Improvements Assessment | $241,320 | Tax Year | 2025 |
Property Taxes
Parcel Number
425-202-02
Land Assessment
$238,913
Improvements Assessment
$241,320
Total Assessment
$480,233
Annual Taxes
$25,490 ($7.57/SF)
Tax Year
2025
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203 Ogle St