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Listed by Sean Toohey • Nara Advisors
$ 8,350,000
Est. payment | /mo
11,520 SqFt
$ 8,350,000
Est. payment | /mo
11,520 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 11,520 sqft
Price per Sqft $724
MLS Listing ID CRPW25239787
HOA Y/N No
Year Built 1961
Lot Size 0.860 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
First time on market in 37 years! 184 E 21st Street is a rare opportunity to acquire a 10-unit multifamily property in Eastside Costa Mesa, one of Orange County's most sought-after submarkets. This opportunity features (10) spacious 3-bed/2-bath units. Additionally, each unit comes with an attached 1-car garage and exterior on-site parking spaces, enhancing tenant demand and providing additional income potential. Situated in Eastside Costa Mesa, residents enjoy quick access to Newport Beach, Hoag Hospital, a plethora of dining options, and Triangle Square, placing it at the heart of premier employment and lifestyle amenities. The area's strong renter demand and limited new supply continue to drive consistent long-term growth. The property is also in very close proximity to the 55, 73, and 405 FWY allowing convenient transit for tenants. There is an ability to further enhance yield with the implementation of a RUBS system to minimize the expense for water and trash. This combination of strong rent growth, long term appreciation, and a prime location makes 184 E 21st Street a standout investment in today's Orange County multifamily market.
Location
State CA
County Orange
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Other
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Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745