2602 McGaw Ave | Irvine, CA 92614
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- LoopNet Team
2602 McGaw Ave
Irvine, CA 92614
McGaw Apartments · Multifamily Property For Sale
·
120 Units
INVESTMENT HIGHLIGHTS
- Steady population and employment growth in the IBC.
- IBC is nearing its cap for allowable residential units.
- The project is fully entitled and permit-ready, providing an investor/developer with low development risk and immense upside potential.
- Blue Bay is approved for 120 condominium units which can be sold or rented.
- Blue Bay will be one of the last approved residential projects in the IBC in the coming years.
- Concrete construction (Type 1A) -offers the lowest carbon footprint for a structure or pavement over its lifecycle; unparalleled strength & durability
PROPERTY FACTS
| No. Units | 120 | Construction Status | Proposed |
| Property Type | Multifamily | Building Size | 363,937 SF |
| Property Subtype | Apartment | No. Stories | 7 |
| Apartment Style | Mid-Rise | Year Built | 2026 |
| Building Class | A | Parking Ratio | 0.9/1,000 SF |
| Lot Size | 1.90 AC | ||
| Zoning | 5.1 - IBC Multi-Use | ||
| No. Units | 120 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 1.90 AC |
| Construction Status | Proposed |
| Building Size | 363,937 SF |
| No. Stories | 7 |
| Year Built | 2026 |
| Parking Ratio | 0.9/1,000 SF |
| Zoning | 5.1 - IBC Multi-Use |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+2 | 14 | - | - |
| 2+2 | 94 | - | - |
| 3+2 | 5 | - | - |
| 4+3 | 7 | - | - |
PROPERTY TAXES
| Parcel Number | 435-053-18 | Improvements Assessment | $1,080,935 |
| Land Assessment | $9,159,528 | Total Assessment | $10,240,463 |
PROPERTY TAXES
Parcel Number
435-053-18
Land Assessment
$9,159,528
Improvements Assessment
$1,080,935
Total Assessment
$10,240,463
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