Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 207 Knox Street, a generational asset located in Costa Mesa, CA, just over one mile from the shoreline of Newport Beach. Featuring a unique condo-style construction, 207 Knox Street offers a highly desirable mix of two and three-bedroom townhome units, averaging over 1,600 square feet. The property recently underwent renovations that were completed in 2022, with unit interiors featuring wood-style plank flooring, quartz countertops, in-unit washers and dryers, stainless steel appliances, custom cabinetry, & more. Additionally, residents enjoy a plethora of amenities at 207 Knox Street including private patios or balconies, ample garage and surface parking, central heating, skylights, and fireplaces. Furthermore, the property offers investors unique upside opportunities through the potential addition of an accessory dwelling unit (ADU), utilizing extra patio space in Unit #C, as well as the ability to potentially condo map the property for individual sale. Situated at the crossroads of Costa Mesa and Newport Beach, the property benefits from it’s idyllic location just blocks away from the abundance of restaurants, grocers, and retailers along 17th Street. Residents enjoy 207 Knox Street’s close proximity to all levels of schooling as well as being within the Newport-Mesa Unified School District, which is ranked within the top 13% of best school districts in California. Additionally, the property is within half-a-mile of Hoag Hospital, the premier employer within Newport Beach with over 5,000 staff and medical professionals per the city’s 2024 Annual Comprehensive Financial Report. Furthermore, 207 Knox Street is just over 0.75 miles from the entrance to the Balboa Peninsula, providing residents with easy access to a plethora of area amenities including, beaches, restaurants, bars, and Lido Marina Village. The property’s ideal Newport Heights, Costa Mesa location surrounded by a myriad of area amenities as well as its extensive renovations are a primary draw for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at 207 Knox Street.