Multi-Family
1540 Superior Ave
1540 Superior Ave, Costa Mesa, CA 92627
Listing Price: $6,300,000
Investment Overview
The 1540 Superior Avenue project offers a prime development and investment opportunity in one of Costa Mesa’s most rapidly evolving districts. Situated at the corner of Industrial and Superior, this high-visibility site benefits from strong market momentum, urban convenience, and strategic positioning, making it a highly attractive choice for developers and investors. With final tract map approval anticipated within 6–8 weeks and the project set to be permit-ready by April/May 2025, this investment provides a streamlined and efficient path to construction in a supply-constrained market.
The property is directly across from the Superior Avenue live/work community, a transformative development that has redefined modern urban living in Costa Mesa. The presence of integrated residential, commercial, and live/work spaces in the immediate vicinity enhances buyer appeal and reinforces sustained demand for well-designed housing solutions, further strengthening the long-term investment potential of this site.
As a center for innovation, commerce, and lifestyle, Costa Mesa continues to attract a diverse mix of residents and professionals. 1540 Superior Avenue is ideally positioned near high-end retail, sought-after dining destinations, and key employment hubs, ensuring consistent buyer and renter interest. Additionally, its location near established commercial corridors promotes steady foot traffic and heightened visibility, further solidifying its place in the city’s evolving real estate landscape.
1540 Superior Ave
Investment Highlights
- Diverse Unit Plans: The project consists of nine well-appointed 3-bedroom, 2.5-bathroom townhomes with dedicated office spaces, private decks, and garages (double or tandem).
- Strong Sales Potential: The projected average sale price per unit is $1,767,778, equating to $938 per square foot, with total revenue estimated at $15,910,000.
- Cost Efficiency: Total project costs amount to $12,081,100, with direct construction costs of $3,915,750 ($230 per square foot), including allowances for contingency, property taxes, and sales fees.
- Attractive Profitability: The project is expected to generate a net profit of $3,828,900 over two years, yielding a profit margin of 31.7%.
- Premium Features: All units are designed with modern layouts, including office spaces, private decks, and well-integrated garage configurations, catering to the preferences of today's discerning buyers.
Listing Price: $6,300,000
Investment Highlights
- Diverse Unit Plans: The project consists of nine well-appointed 3-bedroom, 2.5-bathroom townhomes with dedicated office spaces, private decks, and garages (double or tandem).
- Strong Sales Potential: The projected average sale price per unit is $1,767,778, equating to $938 per square foot, with total revenue estimated at $15,910,000.
- Cost Efficiency: Total project costs amount to $12,081,100, with direct construction costs of $3,915,750 ($230 per square foot), including allowances for contingency, property taxes, and sales fees.
- Attractive Profitability: The project is expected to generate a net profit of $3,828,900 over two years, yielding a profit margin of 31.7%.
- Premium Features: All units are designed with modern layouts, including office spaces, private decks, and well-integrated garage configurations, catering to the preferences of today's discerning buyers.
Investment Overview
The 1540 Superior Avenue project offers a prime development and investment opportunity in one of Costa Mesa’s most rapidly evolving districts. Situated at the corner of Industrial and Superior, this high-visibility site benefits from strong market momentum, urban convenience, and strategic positioning, making it a highly attractive choice for developers and investors. With final tract map approval anticipated within 6–8 weeks and the project set to be permit-ready by April/May 2025, this investment provides a streamlined and efficient path to construction in a supply-constrained market. The property is directly across from the Superior Avenue live/work community, a transformative development that has redefined modern urban living in Costa Mesa. The presence of integrated residential, commercial, and live/work spaces in the immediate vicinity enhances buyer appeal and reinforces sustained demand for well-designed housing solutions, further strengthening the long-term investment potential of this site. As a center for innovation, commerce, and lifestyle, Costa Mesa continues to attract a diverse mix of residents and professionals. 1540 Superior Avenue is ideally positioned near high-end retail, sought-after dining destinations, and key employment hubs, ensuring consistent buyer and renter interest. Additionally, its location near established commercial corridors promotes steady foot traffic and heightened visibility, further solidifying its place in the city’s evolving real estate landscape.
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