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758 W 20th St 7 Unit Apartment Building $4,000,000 ($571,429/Unit) 4.53% Cap Rate Costa Mesa, CA 92627
Investment Highlights
- Newly Constructed Triplex & Renovated Fourplex
- All Two-Bedroom Units, (1) Townhome Floorplan
- In-Unit Washer/Dryer (Landlord Owned), Ceiling Fans in Bedrooms, Canned Lights, Select Units have Private Patios, Central AC & Vaulted Ceilings
- 4.53% Current Cap Rate
- Over $1,200,000 Invested Into the Asset
- Desirable Westside Costa Mesa Location - Near Triangle Square & 17th Street Promenade
Executive Summary
Unique 7-unit turnkey offering in Westside Costa Mesa combining a newly constructed triplex (2026) and a fully renovated fourplex on a single 9,211 SF parcel. 100% two-bedroom floorplans with an average unit size of 826 SF. Over $1,200,000 invested in renovations including full repipe, new flooring, updated kitchens and baths, new windows, and exterior improvements. No deferred maintenance. Minutes from Triangle Square, the 17th Street Promenade, and Newport Beach.
Property Facts
| Price | $4,000,000 | Building Class | C |
| Price Per Unit | $571,429 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 5,784 SF |
| Cap Rate | 4.53% | No. Stories | 2 |
| Gross Rent Multiplier | 15.7 | Year Built/Renovated | 1972/2026 |
| No. Units | 7 | Parking Ratio | 1.56/1,000 SF |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | R3 - Multiple Family Residential | ||
| Price | $4,000,000 |
| Price Per Unit | $571,429 |
| Sale Type | Investment |
| Cap Rate | 4.53% |
| Gross Rent Multiplier | 15.7 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 5,784 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2026 |
| Parking Ratio | 1.56/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3 - Multiple Family Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $2,825 | 846 |
| 2+2 | 2 | $3,250 | 800 |
| 2+2.5 | 1 | $3,275 | 800 |
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Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 422-281-19 | Improvements Assessment | $191,020 |
| Land Assessment | $1,583,980 | Total Assessment | $1,775,000 |
Property Taxes
Parcel Number
422-281-19
Land Assessment
$1,583,980
Improvements Assessment
$191,020
Total Assessment
$1,775,000
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758 W 20th St
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