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Multi-Family

1711 - 1719 Pomona Ave

1711 - 1719 Pomona Ave, Costa Mesa, CA 92627

Listing Price: $5,900,000

Lot Size
0.46 acres
Price/Acre
$12,826,087
Land Type
Land

Investment Overview

The 1711-1719 Pomona Avenue project offers a strategic development and investment opportunity in Costa Mesa, located at the corner of Pomona Avenue and 17th Street. With final tract map approval expected in 8–10 weeks and permit-ready status anticipated by April/May 2025, this site provides a clear and efficient path to construction.

Positioned directly across from the 17 West live/work community, the project is in a rapidly developing corridor with increasing demand for well-designed residential units. This 8-unit townhome development features three-bedroom, 2.5-bath homes, each with private decks, dedicated office spaces, and premium garage configurations. Unit sizes range from 2,076 to 2,084 sq. ft., offering spacious and modern living environments tailored to today’s buyers.

The financial outlook reflects solid revenue potential, with a projected total of approximately $14.92 million. Each unit is expected to sell for $1,865,000, averaging $897 per square foot, which aligns with the area's competitive pricing. Development costs are estimated at $11.47 million, including $3.83 million in direct construction costs, with an anticipated net profit of $3.45 million, resulting in a 30.1% margin over two years.
Beyond strong financials, the location and market conditions enhance this investment’s appeal. The site is within walking distance to retail, dining, and professional services, with easy access to major transportation routes connecting Costa Mesa to key areas in Orange County and Los Angeles.

With approvals progressing and a structured development timeline in place, 1711-1719 Pomona Avenue offers a well-positioned investment in a market with rising demand. Investors will benefit from an efficient project plan, strong buyer interest, and an opportunity for a well-timed exit.

Investment Highlights

  • Diverse Unit Plans: Eight 3-bedroom, 2.5-bathroom townhomes with offices, decks, and garages; unit sizes range from 2,076 to 2,084 square feet.
  • Strong Sales Potential: Projected average sale price of $1,865,000 per unit, equating to $897 per square foot, with total revenue estimated at $14,920,000.
  • Cost Efficiency: Total project costs of $11,471,350, including $3,827,200 for direct construction ($230 per square foot) and allowances for contingency, property taxes, and sales fees.
  • Attractive Profitability: Projected net profit of $3,448,650 over two years, yielding a profit margin of 30.1%.
  • Premium Features: All units include modern layouts with office spaces, private decks, and garage configurations (double or tandem), catering to the demands of discerning buyers.

Exclusively Listed By

Financing By

Multi-Family

1711 - 1719 Pomona Ave

Listing Price: $5,900,000

Lot Size
0.46 acres
Price/Acre
$12,826,087
Land Type
Land

Investment Highlights

  • Diverse Unit Plans: Eight 3-bedroom, 2.5-bathroom townhomes with offices, decks, and garages; unit sizes range from 2,076 to 2,084 square feet.
  • Strong Sales Potential: Projected average sale price of $1,865,000 per unit, equating to $897 per square foot, with total revenue estimated at $14,920,000.
  • Cost Efficiency: Total project costs of $11,471,350, including $3,827,200 for direct construction ($230 per square foot) and allowances for contingency, property taxes, and sales fees.
  • Attractive Profitability: Projected net profit of $3,448,650 over two years, yielding a profit margin of 30.1%.
  • Premium Features: All units include modern layouts with office spaces, private decks, and garage configurations (double or tandem), catering to the demands of discerning buyers.

Investment Overview

The 1711-1719 Pomona Avenue project offers a strategic development and investment opportunity in Costa Mesa, located at the corner of Pomona Avenue and 17th Street. With final tract map approval expected in 8–10 weeks and permit-ready status anticipated by April/May 2025, this site provides a clear and efficient path to construction. Positioned directly across from the 17 West live/work community, the project is in a rapidly developing corridor with increasing demand for well-designed residential units. This 8-unit townhome development features three-bedroom, 2.5-bath homes, each with private decks, dedicated office spaces, and premium garage configurations. Unit sizes range from 2,076 to 2,084 sq. ft., offering spacious and modern living environments tailored to today’s buyers. The financial outlook reflects solid revenue potential, with a projected total of approximately $14.92 million. Each unit is expected to sell for $1,865,000, averaging $897 per square foot, which aligns with the area's competitive pricing. Development costs are estimated at $11.47 million, including $3.83 million in direct construction costs, with an anticipated net profit of $3.45 million, resulting in a 30.1% margin over two years. Beyond strong financials, the location and market conditions enhance this investment’s appeal. The site is within walking distance to retail, dining, and professional services, with easy access to major transportation routes connecting Costa Mesa to key areas in Orange County and Los Angeles. With approvals progressing and a structured development timeline in place, 1711-1719 Pomona Avenue offers a well-positioned investment in a market with rising demand. Investors will benefit from an efficient project plan, strong buyer interest, and an opportunity for a well-timed exit.

Exclusively Listed By

Financing By

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