Investment Overview

The Joann Street Apartments is a six-unit apartment community located in the highly desirable submarket of Costa Mesa within the Greater Orange County area. The property offers an attractive unit mix consisting of (2) three-bedroom/ one-bathroom units, (2) two-bedroom/ one-bathroom units, and (2) one-bedroom/ one-bathroom units totaling 5,962 square feet, situated on over a quarter acre lot with views of the Costa Mesa Golf Course. The property has undergone recent renovations and upgrades of the interiors and exterior. Some upgrades include but are not limited to new windows, new kitchens, new appliances, new bathrooms, new fencing / gates, new laundry room and new flooring. Tenant amenities include large front yards, private patios, balconies with views of Golf Course, covered parking with ample storage space, and an on-site laundry room. Costa Mesa is one of Orange County’s hidden gems. Revered as “City of the Arts”, Costa Mesa is the destination of choice for more than 46 million visitors each year due to its many sites / events of interest, including: South Coast Plaza, Segerstrom Center for the Arts, and the annual OC County Fair. 554 - 558 Joann Street offers an investor the ability to capture tenants seeking an excellent coastal location with convenient access to a wide variety of retail amenities, dining experiences, and entertainment venues. This overall demand for a well-located apartment building will be a major driver in creating strong returns and future value appreciation at 554 - 558 Joann Street.