Multifamily

The Daisy I

1782 Placentia Avenue, Costa Mesa, CA 92627

Listing Price: $9,000,000

Cap Rate
3.71%
Number of Units
26
Occupancy
100.0%
Price/Unit
$346,154
Price/Gross SF
$373.37
Gross SF
24,105

Investment Overview

The Daisy (Daisy I) is a 26 unit multifamily community located in one of the most desirable family/lifestyle locations of the Orange County. Situated approximately one half a mile north of the border of Newport Beach, Costa Mesa is also home to world class shopping at South Coast Plaza. Children who live at the Daisy are surrounded by highly rated K-12 schools including Pomona Elementary, Ensign Intermediate School and Newport Harbor High School. The Daisy was built by a well-known developer, John Konwiser, in 1975. Sitting on approximately 1.16 acres, it consists of a balanced unit mix of three, 750 square foot 1 Bedroom/1 Bath units. twenty 923 square foot 2 Bedroom/1 Bath units and one 1,200 square foot 3 Bedroom/1 Bath unit. As with all of Mr. Konwiser’s Daisy properties, this property is uniquely positioned as a family community. Although a new owner will not be required to maintain this property as family oriented, it fills a special niche in the community that may prove beneficial for expanding future upside potential through improved marketing. In addition to its gated pool area, residents can enjoy the central playground area which is a unique amenity in the surrounding community. A distinctive feature of this, and all The Daisy properties, is its roof design. Aside from the mansards, the flat roofs are made of metal and, as a result have proven to be virtually leak free since the buildings were constructed.

Investment Highlights

  • Spacious, Well Designed Floor Plans
  • Separate Vanity and Bathroom
  • Playground

Exclusively Listed By

Financing By

Listing Price: $9,000,000

Cap Rate
3.71%
Number of Units
26
Occupancy
100.0%
Price/Unit
$346,154
Price/Gross SF
$373.37
Gross SF
24,105

Investment Highlights

  • Spacious, Well Designed Floor Plans
  • Separate Vanity and Bathroom
  • Playground

Investment Overview

The Daisy (Daisy I) is a 26 unit multifamily community located in one of the most desirable family/lifestyle locations of the Orange County. Situated approximately one half a mile north of the border of Newport Beach, Costa Mesa is also home to world class shopping at South Coast Plaza. Children who live at the Daisy are surrounded by highly rated K-12 schools including Pomona Elementary, Ensign Intermediate School and Newport Harbor High School. The Daisy was built by a well-known developer, John Konwiser, in 1975. Sitting on approximately 1.16 acres, it consists of a balanced unit mix of three, 750 square foot 1 Bedroom/1 Bath units. twenty 923 square foot 2 Bedroom/1 Bath units and one 1,200 square foot 3 Bedroom/1 Bath unit. As with all of Mr. Konwiser’s Daisy properties, this property is uniquely positioned as a family community. Although a new owner will not be required to maintain this property as family oriented, it fills a special niche in the community that may prove beneficial for expanding future upside potential through improved marketing. In addition to its gated pool area, residents can enjoy the central playground area which is a unique amenity in the surrounding community. A distinctive feature of this, and all The Daisy properties, is its roof design. Aside from the mansards, the flat roofs are made of metal and, as a result have proven to be virtually leak free since the buildings were constructed.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower