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$2,250,000
Est. payment /mo
0.3 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26045159
HOA Y/N No
Year Built 1961
Lot Size 0.299 Acres
Property Sub-Type Quadruplex
Property Description
The Victoria Street Apartments presents a rare opportunity to acquire a well-located, four-unit multifamily investment in the highly desirable, supply-constrained submarket of Costa Mesa within Greater Orange County.
Constructed in 1961, the property features a low-density and highly attractive unit mix consisting of (2) spacious, single-story three-bedroom/two-bath units and (2) studios totaling approximately 3,449 square feet. The asset sits on an expansive 13,047 square foot lot, offering strong intrinsic land value and future operational flexibility, including potential ADU opportunities.
The property provides a compelling resident experience with desirable amenities, such as ample on-site parking with covered carports, private patios, and balconies - features that enhance tenant appeal and support strong occupancy fundamentals. Select units have undergone recent upgrades and renovations, further strengthening the asset's competitive positioning.
Strategically located near Costa Mesa's premier retail, dining, and entertainment corridors - and just minutes from Huntington Beach - the property benefits from close proximity to The Triangle Square, the OC Fair & Event Center, the 17th Street Promenade, and Talbert Regional Park.
This prime location, combined with the asset's favorable unit composition and land-to-building ratio, positions the Victoria Street Apartments as a high-quality investment opportunity offering durable demand drivers, rental upside, and meaningful long-term appreciation potential.
Constructed in 1961, the property features a low-density and highly attractive unit mix consisting of (2) spacious, single-story three-bedroom/two-bath units and (2) studios totaling approximately 3,449 square feet. The asset sits on an expansive 13,047 square foot lot, offering strong intrinsic land value and future operational flexibility, including potential ADU opportunities.
The property provides a compelling resident experience with desirable amenities, such as ample on-site parking with covered carports, private patios, and balconies - features that enhance tenant appeal and support strong occupancy fundamentals. Select units have undergone recent upgrades and renovations, further strengthening the asset's competitive positioning.
Strategically located near Costa Mesa's premier retail, dining, and entertainment corridors - and just minutes from Huntington Beach - the property benefits from close proximity to The Triangle Square, the OC Fair & Event Center, the 17th Street Promenade, and Talbert Regional Park.
This prime location, combined with the asset's favorable unit composition and land-to-building ratio, positions the Victoria Street Apartments as a high-quality investment opportunity offering durable demand drivers, rental upside, and meaningful long-term appreciation potential.
Location
State CA
County Orange
Area 699 - Not Defined
Interior
Fireplace No
Laundry Washer Hookup, Gas Dryer Hookup
Exterior
Carport Spaces 4
Pool None
Community Features Street Lights, Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Lot Description Landscaped, Near Public Transit
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 42204125
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
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Listed by Greg Bassirpou Marcus & Millichap RE Invest gbassirpou@marcusmillichap.com, DRE #01365951
NEARBY SCHOOL & BUSINESS
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