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Listed by Greg Bassirpou • Marcus & Millichap RE Invest
$ 2,195,000
Est. payment /mo
Price Dropped by $55K
1124 Victoria Costa Mesa, CA 92627
3,449 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,449 sqft
Price per Sqft $636
MLS Listing ID OC-26045159
Year Built 1961
Lot Size 0.300 Acres
Property Sub-Type Quadruplex
Source California Regional Multiple Listing Service (CRMLS)
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
Interior
Laundry Gas Dryer Hookup, Washer Hookup
Exterior
Pool None
Community Features Sidewalks, Street Lights
Building
Lot Description Landscaped, Near Public Transit
Sewer Public Sewer
NEARBY SCHOOLS & PROPERTIES
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944