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.
Property Details
Price:
$4,620,000
MLS #:
OC24096600
Status:
Active
Baths:
0
Address:
383 W Wilson Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
c2southwestcostamesa
City:
Costa Mesa
Listed Date:
May 13, 2024
State:
CA
ZIP:
92627
Lot Size:
18,730 sqft / 0.43 acres (approx)
Year Built:
1965
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
Community Features
Curbs, Gutters, Sidewalks
Garage Spaces
13.00
Lot Features
Level with Street
Parking Spots
23.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address383 W Wilson Street Costa Mesa CA
- AreaC2 – Southwest Costa Mesa
- CityCosta Mesa
- CountyOrange
- Zip Code92627
Similar Listings Nearby
- 617 Victoria Street
Costa Mesa, CA$5,995,000
0.59 miles away
- 707 Begonia Avenue
Corona del Mar, CA$5,900,000
4.25 miles away
- 215 32nd Street
Newport Beach, CA$4,995,000
2.95 miles away
- 1809 W Bay Avenue
Newport Beach, CA$4,725,000
3.32 miles away
- 2350 Santa Ana Avenue
Costa Mesa, CA$4,500,000
1.12 miles away
- 1826 Pomona Avenue
Costa Mesa, CA$4,400,000
1.21 miles away
- 114 Onyx Avenue
Newport Beach, CA$4,000,000
3.78 miles away
- 984 Mission Drive
Costa Mesa, CA$3,963,888
1.80 miles away
- 354 La Perle Lane
Costa Mesa, CA$3,950,000
1.99 miles away
Courtesy of Marcus & Millichap RE Invest. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
383 W Wilson Street
Costa Mesa, CA
LIGHTBOX-IMAGES