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Listed by Tyler Leeson • Marcus & Millichap RE Invest
$ 14,650,000
Est. payment /mo
Pending
365 West Wilson Street Costa Mesa, CA 92627
29,374 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
Square Footage 29,374 sqft
Price per Sqft $498
MLS Listing ID OC-25270919
Year Built 1969
Lot Size 1.270 Acres
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Pointe Mesa is a 38-unit multifamily community located at 365 West Wilson Street in the highly desirable city of Costa Mesa, California. Built in 1969 on a generous 1.27-acre parcel, the property offers a well-balanced mix of one and two-bedroom floor plans, including multiple units with private patios. Pointe Mesa features a streamlined unit mix of 1 junior one-bedroom, 27 one-bedroom units (12 with private patios), and 10 two-bedroom/one-bath units (5 with private patios). A total of 24 units have been renovated to differing levels with most renovated units featuring vinyl plank flooring, quartz or granite countertops, modern lighting fixtures, ceiling fans, and more. Community amenities include gated pedestrian and vehicle access, a swimming pool, built-in BBQs, on-site laundry, and abundant parking with 36 carport spaces, 17 surface spaces, and 2 garage spaces. The property is stabilized with near-market rents, with modest upside remaining through the continuation of the existing renovation plan. Centrally located in Costa Mesa, Pointe Mesa offers walkable access to Wilson Park, College Park Elementary School, and nearby retail along Harbor Boulevard, including Gray Plaza and Harbor Center, anchored by the popular Mercado González Northgate Market. The property is minutes from Triangle Square, Orange Coast College, and the OC Fair & Event Center, with convenient access provided by Harbor Boulevard and State Route 55. With its strong location, renovated interiors, and consistently stable performance, Pointe Mesa represents an attractive opportunity to acquire a well-positioned asset in one of Costa Mesa's most in-demand neighborhoods.
Location
State CA
County Orange
Area C2 - Southwest Costa Mesa
Interior
Laundry Community
Exterior
Garage Spaces 2.0
Pool Community
Community Features Curbs, Gutters, Sidewalks, Street Lights
Building
Lot Description Level with Street
Sewer Public Sewer
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944