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3U - 425 Ford Road, Costa Mesa, CA 92627 425 Ford Rd 3 Unit Apartment Building $1,948,000 ($649,333/Unit) 3.44% Cap Rate Costa Mesa, CA 92627
Investment Highlights
- All 2BR/2BA Single Story Units
- Recently Renovated Unit
- Garages + Off Street Parking
Executive Summary
**Now offered at $1,948,000, presenting a compelling opportunity for investors seeking well-located Costa Mesa multifamily.**
425 Ford Road offers a rare opportunity to acquire a single-story multifamily property on a quiet, tree-lined street in one of Costa Mesa’s most desirable rental submarkets. The property features an all–2-bedroom, 2-bathroom unit mix, with average unit sizes exceeding 1,000 square feet—a highly attractive configuration for long-term tenant demand.
Each unit includes a private patio or yard, enhancing livability and tenant retention. The asset also benefits from ample garage and off-street parking, a key competitive advantage in this area. One unit has been recently renovated, highlighting the value-add potential and upside in future rental growth.
Located near the shopping and dining along Harbor Boulevard and East 17th Street, with easy freeway access, 425 Ford Road represents a core Costa Mesa investment with strong fundamentals and long-term upside.
425 Ford Road offers a rare opportunity to acquire a single-story multifamily property on a quiet, tree-lined street in one of Costa Mesa’s most desirable rental submarkets. The property features an all–2-bedroom, 2-bathroom unit mix, with average unit sizes exceeding 1,000 square feet—a highly attractive configuration for long-term tenant demand.
Each unit includes a private patio or yard, enhancing livability and tenant retention. The asset also benefits from ample garage and off-street parking, a key competitive advantage in this area. One unit has been recently renovated, highlighting the value-add potential and upside in future rental growth.
Located near the shopping and dining along Harbor Boulevard and East 17th Street, with easy freeway access, 425 Ford Road represents a core Costa Mesa investment with strong fundamentals and long-term upside.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$105,960
|
$34.03
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$3,179
|
$1.02
|
| Effective Gross Income |
$102,781
|
$33.01
|
| Taxes |
$22,902
|
$7.35
|
| Operating Expenses |
$12,808
|
$4.11
|
| Total Expenses |
$35,710
|
$11.47
|
| Net Operating Income |
$67,071
|
$21.54
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $105,960 |
| Annual Per SF | $34.03 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $3,179 |
| Annual Per SF | $1.02 |
| Effective Gross Income | |
|---|---|
| Annual | $102,781 |
| Annual Per SF | $33.01 |
| Taxes | |
|---|---|
| Annual | $22,902 |
| Annual Per SF | $7.35 |
| Operating Expenses | |
|---|---|
| Annual | $12,808 |
| Annual Per SF | $4.11 |
| Total Expenses | |
|---|---|
| Annual | $35,710 |
| Annual Per SF | $11.47 |
| Net Operating Income | |
|---|---|
| Annual | $67,071 |
| Annual Per SF | $21.54 |
Property Facts
| Price | $1,948,000 | Building Class | B |
| Price Per Unit | $649,333 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 3,114 SF |
| Cap Rate | 3.44% | Average Occupancy | 100% |
| Gross Rent Multiplier | 18.08 | No. Stories | 1 |
| No. Units | 3 | Year Built/Renovated | 1962/2025 |
| Property Type | Multifamily | Parking Ratio | 1.93/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,948,000 |
| Price Per Unit | $649,333 |
| Sale Type | Investment |
| Cap Rate | 3.44% |
| Gross Rent Multiplier | 18.08 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 3,114 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1962/2025 |
| Parking Ratio | 1.93/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 3 | $2,990 | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 419-202-01 | Total Assessment | $458,796 |
| Land Assessment | $293,566 | Annual Taxes | $22,902 ($7.35/SF) |
| Improvements Assessment | $165,230 | Tax Year | 2025 |
Property Taxes
Parcel Number
419-202-01
Land Assessment
$293,566
Improvements Assessment
$165,230
Total Assessment
$458,796
Annual Taxes
$22,902 ($7.35/SF)
Tax Year
2025
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3U - 425 Ford Road, Costa Mesa, CA 92627 | 425 Ford Rd
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