5 Unit Costa Mesa Multifamily Undisclosed 5 Unit Apartment Building $3,000,000 ($600,000/Unit) 5.72% Cap Rate Costa Mesa, CA 92627

Costa Mesa sits at the coastal core of Orange County — a roughly 15-square-mile city of about 113,000 residents wedged between
central O.C.'s freeway network and the beaches of the Pacific. Its draw is a combination that is genuinely hard to find at the same
address: a real, diversified job base, a walkable retail and dining culture, and a short drive to the shoreline. That mix keeps both
renters and owners competing for a housing supply that simply isn't growing fast enough to meet demand.
The local economy is unusually broad for a city this size. South Coast Plaza anchors one of the highest-grossing retail districts in
the United States, while the surrounding submarket supports technology and design firms, creative studios, medical groups, and a
hospitality sector built around the OC Fair & Event Center and the Segerstrom Center for the Arts. That breadth translates into a
resilient employment picture and a steady daytime population that underpins rental demand year-round.
Families are served by the Newport-Mesa Unified School District and by Orange Coast College, one of California's largest
community colleges, and the city plugs into the wider region through the 55, 73, and 405 freeways and nearby John Wayne Airport.
Neighborhoods run the full range from quiet single-family pockets to denser, amenity-rich corridors — and the Westside in particular
has attracted sustained private reinvestment over the past several years.
For a multifamily owner, the conclusion is simple: a supply-constrained coastal market, durable demand from a wide spread of
employers and students, and a quality-of-life premium that has historically supported both rents and long-term value retention.