We are pleased to present for sale Joann Street Apartments, a multifamily community comprised of 8 units in Costa Mesa, California. The property is in a strong rental market of Costa Mesa, near the intersection of Harbor Boulevard and Wilson Street. Built in 1959, Joann Street Apartments consists of two buildings with approximately 3,177 rentable square feet on two lots allowing for 30-year financing, if desired. The unit mix consists of (8) two-bedroom one-bath units with (10) parking spaces with an on-site laundry facility. The property recently underwent major renovations including new exterior/interior paint, updated landscaping, new flooring and new fences. This opportunity presents an investor to acquire an apartment complex in a desirable submarket of Costa Mesa. Tenants benefit from the property's proximity to the retail corridor of Harbor Blvd as well as the Triangle Square Shopping Center and the City of Newport Beach.
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Listing Courtesy ofCB Richard Ellis, Inc.