236 Avocado St
Costa Mesa, CA 92627
Avocado 7 · Multifamily Property For Sale · 7 Units

Avocado Street features a great unit mix of (4) dramatic and very large loft-style one-bedroom, one-bathroom townhouse units and (3) two-bedroom, one and a half-bathroom townhouse units approximately 1200 square feet. The building’s location has easy access to major arteries of Harbor Boulevard and Newport Boulevard as well as the 55, 405, and 73 freeways. It is minutes to Triangle Square, the 17th Street retail corridor, South Coast Plaza and the Newport Beach peninsula. A diversified employment base promotes stable fundamentals and keeps vacancies below the metro Orange County rate. Rents have continued to rise and currently vacancies are very low for the area. Costa Mesa specifically benefits from strong renter demographics of young professionals with healthy incomes who are still priced out of home ownership. Median home prices are high and the costs of home ownership are nearly double average apartment rents. These factors influence apartment demand and continued strong occupancy rates.