301 & 307 Avocado St | Costa Mesa, CA 92627
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- LoopNet Team
301 & 307 Avocado St
Costa Mesa, CA 92627
Sunset Bay 3 · Multifamily Property For Sale
·
48 Units
INVESTMENT HIGHLIGHTS
- Rare Costa Mesa Offering - Largest Apartment Listing For Sale in the City
- First Time Property Has Been Offered for Sale in 40+ Years
- Unit Mix Includes One- & Two-Bedroom Floor Plans
- Situated on Two Parcels on 1.7 Acres - Approx. 250 Feet of Frontage on Avocado St.
- Upside Potential - Opportunity to Increase GPI ± 55% with Capital Improvements, Implementing RUBS & ADU Additions
- On-Site Manager, Laundry Room, Recently Renovated (2) Gated Swimming Pools & (2) BBQ Areas
PROPERTY FACTS
| No. Units | 48 | Building Size | 36,112 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1969 |
| Building Class | C | Parking Ratio | 2.1/1,000 SF |
| Lot Size | 1.71 AC | ||
| Zoning | R3 | ||
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.71 AC |
| Building Size | 36,112 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 2.1/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Pool
- Property Manager on Site
- Grill
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 32 | $1,600 | 680 |
| 2+1 | 16 | $2,158 | 900 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,080,800 | |
| Land Assessment | $17,166,600 | Total Assessment | $19,247,400 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$17,166,600
Improvements Assessment
$2,080,800
Total Assessment
$19,247,400
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