Southwest Costa Mesa (C2) Homes with Apartment Subtype

Welcome to Southwest Costa Mesa, a vibrant and dynamic neighborhood nestled in the heart of Orange County, California. Known for its eclectic mix of urban charm and suburban tranquility, this area is a hidden gem that offers a perfect blend of convenience and community. With its close proximity to the stunning beaches of Newport and Huntington, residents enjoy easy access to sun-soaked shores and a plethora of outdoor activities.

Southwest Costa Mesa is characterized by its diverse architectural styles, with homes that range from charming single-family residences to modern duplexes and multi-family apartments. This neighborhood is particularly appealing for those seeking homes with an apartment subtype, making it an excellent choice for both families and investors. These properties often feature spacious layouts, inviting outdoor spaces, and the potential for rental income, providing a unique opportunity for homeowners looking to supplement their mortgage or investors aiming to capitalize on the thriving rental market.

The community is rich in amenities, with an array of shopping, dining, and entertainment options just a stone’s throw away. The nearby South Coast Plaza, one of the largest shopping centers in the U.S., offers world-class retail, dining, and cultural experiences. Additionally, residents can enjoy local parks and recreational facilities that promote an active lifestyle.

With its appealing homes, friendly atmosphere, and unbeatable location, Southwest Costa Mesa is not just a place to live; it’s a place to thrive. Whether you’re looking to settle down or invest, this neighborhood has something special to offer everyone. Come discover the charm and potential of Southwest Costa Mesa today!

Newest Southwest Costa Mesa (C2) Homes with Apartment Subtype

$4,650,000

OC26201829 MLS ⋅ Active Status

383 West Wilson Street is a 12-unit multifamily investment property located in Costa Mesa, California. Situated on approximately 0.43 acres, the property features a unit mix of 10 one-bedroom units and 2 two-bedroom units and combines a substantially renovated existing asset with significant additional unit development potential. Central to the investment opportunity is the approval to convert existing garage space into 5 studio Accessory Dwelling Units (ADUs), totaling approximately 2,045 square feet. Construction of the approved ADUs has not yet commenced, providing new ownership the opportunity to complete the conversions and increase the property from 12 to 17 units, a roughly 42% increase in rentable unit count. The approved conversions create a defined path to expand the property's income-producing capacity within the existing site. Importantly, this development upside is paired with substantial improvements to the existing 12 units. All units have been renovated with upgrades including quartz countertops, updated appliances and bathrooms, fresh paint, and vinyl and carpet flooring. With the existing interiors already improved, future investment can be focused on completion of the approved ADUs rather than a property-wide interior renovation program. 383 West Wilson Street also benefits from a sizable site and an attractive collection of resident amenities. The property provides 22 parking spaces, including 13 garage and 9 surface spaces, along with gated access, an on-site laundry facility, security doors, and a spacious central courtyard. The property is positioned near a dense collection of Costa Mesa amenities and demand drivers, with retail along Harbor Boulevard, Orange Coast College, the OC Fair & Event Center, and neighborhood recreation all nearby. Its location between Harbor Boulevard and State Route 55 provides convenient connectivity throughout Costa Mesa and to surrounding employment centers. Together, the property's renovated existing units, approved 5-unit ADU expansion and strong Costa Mesa location create a compelling combination of current quality and meaningful future upside.

383 W Wilson Street, Costa Mesa

$3,800,000

PW26194851 MLS ⋅ Active Status

Great investment 7 unit apartment building. Year built 1977. All tenants have been great long term tenants.

810 Center Street, Costa Mesa

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