Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 776 West Wilson Street, an eight-unit residential property located in the City of Costa Mesa, California. The property features a rare blend of new construction and renovated product, consisting of four newly constructed 3-bed/2-bath units completed in 2026 and four fully remodeled 2-bed/1-bath units. The four newly constructed units have never been lived in and feature modern interior finishes, multi-zone air conditioning, in-unit laundry, and all-electric systems with individual metering, while the four existing units have been fully remodeled with new dual-pane vinyl windows, PEX plumbing, air conditioning, and in-unit laundry. The property is further enhanced by brand-new roofs (2026), electrical panel upgrades on all eight units, 800-amp service sized for future ADU additions, ABS sewer laterals with no cast iron on site, individual water heaters, an expected 80% water utility reimbursement through RUBS, and grandfathered individual trash cans with no dumpster or haul fees. These features help create a highly functional rental property with modern tenant amenities and a streamlined operating structure. Located in West Costa Mesa, the property offers residents convenient access to Orange Coast College, Fairview Park, and the Newport Beach coastline, as well as the shopping and dining at Triangle Square, South Coast Plaza, and the 17th Street corridor, with easy connectivity to the 55 and 405 freeways.