7
See all 7 photos
$5,700,000
Est. payment /mo
0.48 Acres Lot
Active
311 W Wilson ST Costa Mesa, CA 92627
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UPDATED:
01/23/2025 01:34 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25007279
Originating Board California Regional MLS
Year Built 1960
Lot Size 0.480 Acres
Property Description
311 W. Wilson St is a 14-unit multifamily investment property located in the desirable coastal community of Costa Mesa, CA. The property features an excellent mix of 50% - 2 bed/ 1 bath and 50% - 1 bed / 1 bath units with the upstairs units featuring vaulted ceilings and large semi-private front balconies, and downstairs units feature large semi-private front patios. 311 W Wilson provides a prospective buyer the opportunity to assume an attractive 4% loan in the amount of $2,850,000 with interest only payments available until September 1st 2025, with fully amortizing 4% payments until September 1st 2027. Potential investors will also benefit from extensive exterior and interior renovations recently completed. Building renovations include all new electrical sub and main panels, copper plumbing, stucco and paint, brand new carport and garage roofs, dual paned vinyl windows(majority), rain gutters and french drains, and a refurbished main building roof. Remodeled interiors featuring quartz counter tops, new stainless-steel appliances, engineered wood flooring and tile, canned lighting, ceiling fans, and cabinetry in the bathrooms. Costa Mesa is one of the strongest performing rental markets in Orange County, with tenants benefiting from the close proximity to the beach (3 Mi), and
Location
State CA
County Orange
Area 699 - Not Defined
Interior
Laundry Laundry Area, Washer/Dryer - Leased
Exterior
Garage Spaces 23.0
Pool None
Building
Water District - Public
Others
Tax ID 41906108
Special Listing Condition Not Applicable
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Listed by Brett Bayless • Brett Bayless, Broker