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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$2,250,000

Est. payment - /mo

0.3 Acres Lot

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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.

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

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1124 Victoria Costa Mesa, CA 92627