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Multifamily

554 - 558 Joann St

554 - 558 Joann St, Costa Mesa, CA 92627

Listing Price: $2,495,000

Cap Rate
2.08%
Number of Units
6
Price/Unit
$415,833
Price/Gross SF
$418.48
Gross SF
5,962

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 554 - 558 Joann Street, a 6-unit multifamily investment property located in Costa Mesa, one of the premier coastal housing markets in Southern California. 554 - 558 Joann Street contains an excellent unit mix of one, two, three, and four-bedroom units, which helps attract a diverse renter pool. Additionally, the property offers amenities including private patios and balconies, carport and uncovered parking, spacious gated front yards, and on-site laundry. Since 554 - 558 Joann Street sits on a large lot, a new owner has the potential to construct additional dwelling units to increase pro forma cash flow. 554 - 558 Joann Street has a fantastic Costa Mesa location, positioned minutes away from world famous beaches and shopping destinations as well as major employment hubs in nearby Newport Beach and Huntington Beach.

Investment Highlights

  • A 6-Unit Multifamily Investment Property Located in Costa Mesa
  • Consists of 2, One-Bedroom Units, 2, Two-Bedroom Units, 1, Three-Bedroom Unit, and 1, Four-Bedroom Unit
  • Amenities Include Private Patios and Balconies, Carport and Uncovered Parking, Spacious Gated Front Yards, and On-Site Laundry
  • Situated on a Spacious 0.29-Acre Lot, New Ownership has the Opportunity to Add ADUs to the Property to Further Maximize Cash Flow Potential
  • Located Just Off of Harbor Boulevard, the Property is Within Walking Distance to the Harbor Center, a Regional Shopping Center with Over 315,000 Square Feet of Retail Space

Exclusively Listed By

Financing By

Listing Price: $2,495,000

Cap Rate
2.08%
Number of Units
6
Price/Unit
$415,833
Price/Gross SF
$418.48
Gross SF
5,962

Investment Highlights

  • A 6-Unit Multifamily Investment Property Located in Costa Mesa
  • Consists of 2, One-Bedroom Units, 2, Two-Bedroom Units, 1, Three-Bedroom Unit, and 1, Four-Bedroom Unit
  • Amenities Include Private Patios and Balconies, Carport and Uncovered Parking, Spacious Gated Front Yards, and On-Site Laundry
  • Situated on a Spacious 0.29-Acre Lot, New Ownership has the Opportunity to Add ADUs to the Property to Further Maximize Cash Flow Potential
  • Located Just Off of Harbor Boulevard, the Property is Within Walking Distance to the Harbor Center, a Regional Shopping Center with Over 315,000 Square Feet of Retail Space

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 554 - 558 Joann Street, a 6-unit multifamily investment property located in Costa Mesa, one of the premier coastal housing markets in Southern California. 554 - 558 Joann Street contains an excellent unit mix of one, two, three, and four-bedroom units, which helps attract a diverse renter pool. Additionally, the property offers amenities including private patios and balconies, carport and uncovered parking, spacious gated front yards, and on-site laundry. Since 554 - 558 Joann Street sits on a large lot, a new owner has the potential to construct additional dwelling units to increase pro forma cash flow. 554 - 558 Joann Street has a fantastic Costa Mesa location, positioned minutes away from world famous beaches and shopping destinations as well as major employment hubs in nearby Newport Beach and Huntington Beach.

Exclusively Listed By

Financing By

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