135 Broadway Costa Mesa, CA 92627

Closed

SOLD 2/23/2023

$2,450,000

0 Beds
0 Baths
3,000 sq. ft.
Multi-Family
MLS# PW22120993

Listing provided courtesy of: Morgan Skenderian

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Property Details

Description

**HIGHLY MOTIVATED SELLER, PRICE REDUCED $215,000** We are pleased to offer this rare R2-HD zoned 7-unit apartment community, located at 135-37 Broadway on Costa Mesa's Eastside. This is the first time this building has ever been listed for sale and is being sold by the original builder's family. The building is comprised of (6) Studio units and (1) 1Bedroom/1-Bathroom unit. It is located just across the street from The Triangle and within walking distance of the E. 17th Street shopping and dining district. This opportunity offers investors the ability to renovate the current units and move rents up with the potential for 53% in the rental upside. The property zoning also off investors a long-term exit strategy for higher-density development.

General Features
- Association Fee 0.00
- Buyer Compensation 2.000 %
- Community Features Curbs, Sidewalks
- County Or Parish Orange
- Number Of Buildings 4
- Number Of Separate Electric Meters 8
- Number Of Separate Gas Meters 4
- Number Of Separate Water Meters 1
- Number Of Units Total 7
- Subdivision Name Other (OTHR)
- YearBuilt 1936
Building Features
- Laundry Features None
- Levels One
Property Features
- Lot Size Acres 0.17
- Lot Features 6-10 Units/Acre
- Pool Private Y/N 0
- Pool Features None
- Parking Total 4.00

Neighborhood

92627 (Costa Mesa) Demographics

36 Median Age

9,789 Population Density (per sq. mile)

45% College Educated

$85,585 Estimated Median Income

8,515 Estimated Total Home Owners

13,191 Estimated Total Renters

39% / 61% Estimated Owner / Renter Divide

3 Estimated Average Household Size

62,437 Total Population

Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$1,350,000 Median Sales Price

19 Homes Sold

73 New On Market

Average Days on Site

Properties for Sale

Calculations provided by Reliance Network

Property History

Date	Event	Price	Percent Change
--	New in Database Source: Multiple Listing Service	New Value: $0	-100%
2/23/2023 2:00:00 AM	Sold Source: Multiple Listing Service	New Value: $2,450,000

Based on information from California Regional Multiple Listing Service, Inc. as of 9/21/2023 2:07:06 AM PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.

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