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$ 4,400,000
Est. payment /mo
New
2256-2260 Maple Costa Mesa, CA 92627
3 Beds
2 Baths
0.41 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Westside Costa Mesa South (Wscm)
MLS Listing ID OC26108339
Bedrooms 3
Lot Size 0.411 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
In coastal Orange County, location is the single greatest driver of long-term multifamily value, and Costa Mesa continues to validate that rule. Bolstered by a diverse employment base, exceptional lifestyle amenities, and enduring tenant demand, this submarket has shown remarkable resilience and consistent upward pressure on both rents and asset values. Countywide data underscores this trend: one- and two-bedroom rents have advanced steadily for over a decade, with forecasts pointing to further gains, while price-per-unit levels have historically trended upward with limited short-term fluctuations. Maple Street Apartments is ideally positioned to benefit from these fundamentals. Located just minutes from the Pacific Ocean, John Wayne Airport, UC Irvine, Fashion Island, Newport Bay, and the Costa Mesa Country Club, the property sits within one of Orange Countys most sought-after rental submarkets. A second image highlights the property's adjacency to major arterial corridors and an extensive retail hub anchored by Home Depot, Northgate Market, Starbucks, McDonalds, TJ Maxx/HomeGoods, and morean amenity cluster that significantly enhances renter appeal. Offered at $4,400,000, the asset provides investors with an attractive combination of stability and upside, supported by a current GRM of 14.95, a current cap rate of 4.12%, and meaningful rental growth potential. Based on achievable market rents, the property projects to a pro forma GRM of 14.35 and a pro forma cap rate of 4.38%, with approximately 4.18% rent upside and 6.19% NOI upside. The building itself is a recently reno
Location
State CA
County Orange
Zoning Public Rec
Direction Near Harbor Blvd. and Wilson St.
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 42216205
Acceptable Financing Cash
Listing Terms Cash
Listed by Joseph Berkson, DRE#01031951 Marcus & Millichap RE Invest
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