Active
383 W Wilson ST
COSTA MESA CA, 92627
$4,620,000
$583.33 per sqft
Active
3 Beds
2 Baths
7,920 sqft
Multi-family
Built in 1965
383 West Wilson Street is a 12-unit multifamily investment property located in Costa Mesa, California. The property offers a mix of 10, one-bedroom units and 2, two-bedroom units. All units have undergone substantial renovations that include fresh paint, vinyl and carpet flooring, quartz countertops, appliances, bathrooms, and more. Amenities at 383 West Wilson Street include ample garage and surface parking, and an on-site laundry facility. Residents benefit from 383 West Wilson Street s excellent Costa Mesa location, within walking distance of a plethora of major retail centers. Located just steps away from the property are Gray Plaza, anchored by At Home, and Harbor Center, anchored by Home Depot and the newly opened Mercado Gonzalez Northgate Market. Additionally, the property is situated less than one-mile from Orange Coast College (OCC) and the O.C. Fairgrounds, two major housing and economic drivers for the area. Furthermore, the property s location, between Harbor Boulevard and State Route 55, provides residents with easy access to Costa Mesa hotspots including Triangle Square, 17th Street, and South Coast Plaza. The property benefits from its close proximity to State Routes 55 and 73, convenient access to major employment hubs including the South Coast Metro, Irvine Business District, and Newport Center. The Costa Mesa submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 96.5 percent (Q4 2023) and average year-over-year effective rent growth of 8.9 percent (between 2021 to 2023), demonstrating the strong demand for rental housing. Costa Mesa s coastal location, strong economic growth, and unmatched local attractions have made it one of Southern California s most desirable and versatile markets. Given its Coastal Orange County location, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of area amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 383 West Wilson Street.
OC24096600MR
MLSⓇ ID
May 13, 2024
Listed
November 22, 2024
Updated
Map
383 W Wilson ST
COSTA MESA CA, 92627
Interior Features
Total Stories
2
Bedrooms
3
Total Bathrooms
2
Laundry Description
Community
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.43 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Southwest Costa Mesa
Days on Market
155
Garage
Yes
Garage Spaces
13
Parking Total
23
View
No
County
Orange
Water Source
Public
Pool
No
Pool Features
None
Listed by Tyler Leeson with Marcus & Millichap RE Invest
Listing Contact: 949-419-3326
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Alexander Madrigal | CA DRE# 01897853 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 11/22/2024