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$32,000,000
2217 Harbor Blvd, Costa Mesa, CA 92627
0 Beds
0 Baths
n/a sqft

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Pacific Villas is an 84-unit multifamily investment property located at 533 West Wilson Street in Costa Mesa, one of the premier coastal housing markets in Southern California. Pacific Villas offers an excellent unit mix of 24, 1 bed/1 bath units, 36, 2 bed/1 bath units, and 24, 2 bed/1.5 bath townhome units, which helps to attract a diverse renter pool. Pacific Villas has recently been upgraded to the standard of a luxury apartment community, with improvements including a sparkling swimming pool, cozy BBQ and picnic areas, covered and open parking, on-site laundry, and controlled access (please contact Listing Agent for more details). Additionally, over 50% of the units have been fully upgraded with modern finishes including new stacked washers and dryers, range hood stoves, stainless steel appliances, lighting, and more (please contact Listing Agent for more details). NOTE: Pacific Villas has two legal addresses: 2217 Harbor Boulevard and 533 West Wilson Street.
  • Price:
  • $32,000,000
  • Acreage:
  • 3.18
  • Year Built:
  • 1962
  • Listing ID #:
  • OC21021253
  • Street Address:
  • 2217 Harbor Blvd
  • City:
  • Costa Mesa
  • State:
  • California
  • Postal Code:
  • 92627
  • County:
  • Orange
  • Community:
  • Not Defined
  • Listing Status:
  • Pending
  • Listing Type:
  • Residential Income
  • Number Of Floors In Unit:
  • Two
  • Number Of Units:
  • 84
  • Stories:
  • 2
  • Total # Of Buildings:
  • 7
  • Year Built:
  • 1962
  • Year Built Source:
  • Assessor
  • Annual Electric Expenses:
  • 17325
  • Annual Insurance Expenses:
  • 21771
  • Annual Maintenance Expenses:
  • 42000
  • Annual Trash Expenses:
  • 17325
  • Annual Water/Sewer Expenses:
  • 17325
  • Gross Income:
  • 1961081
  • Net Operating Income:
  • 1207739
  • Operating Expense:
  • 697498
  • Approximate Lot Size Range Source:
  • Assessor
  • Lot Features:
  • Landscaped, Level
  • Lot Size:
  • 3.18
  • Lot Square Footage:
  • 138521
  • Community Features:
  • Curbs, Sidewalks, Pool
  • Days On Market:
  • 49
  • Lease Rate:
  • 155123
  • On Market Date:
  • 2021-02-01
  • Originating Mls:
  • Crmls
  • Terms:
  • Cash To New Loan, 1031 Exchange
  • Street Type:
  • Boulevard
  • Laundry:
  • Common Area
  • Parking Spaces:
  • 152
  • Pool Description:
  • Community
  • Uncovered Parking Spaces:
  • 70
  • Existing Water:
  • Public
  • Sewage Type:
  • Public Sewer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Tyler Leeson of Marcus & Millichap RE Invest
  • CACRMLS

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