1104 & 1106 Victoria Street is a six unit multifamily opportunity, which has a 5% Market Cap Rate. The asset is situated on the far westside of Costa Mesa bordering Huntington Beach and is a beautifully maintained complex. The property has 100% 2 bedroom and 1 bath units. There have been some recent upgrades including a recently paved driveway, new paint/stucco, new dual pane windows, new garage doors, and a newer pitched roof. There is ample parking on the property with garage and carport spaces as well as driveway and street parking. Some units feature a private yard and wall mounted A/C units. A laundry room is also conveniently located on site. This property is in a good far West Costa Mesa location with Huntington Beach City Line to the West, Talbert Regional Park & Canyon Park to the South, and Fairview Park to the North. It's also within close proximity to Newport Beach, entertainment at Triangle Square, the Orange County fairgrounds, and shopping at Brookhurst Plaza. Given the strength of the overall apartment market within the city of Costa Mesa, the property offers an investor the ability to capture quality tenants seeking a great neighborhood with convenient access to a wide variety of activities, transportation and retail amenities. *8% Rent Increase Effective 5/1/20.
Based on information from California Regional Multiple Listing Service, Inc. as of March 28th, 2020 at 10:36pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.