Listing Agency: CBRE - Orange County d***@cbre.com Show Phone

Listed By: Dan Blackwell · License #CA 01854961

Source: Crexi

Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 12:24AM

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Investment Insights

Based on property information with market context.

Monrovia Arms is an apartment building located at 1887 Monrovia Ave in Costa Mesa, California. The property is identified as an apartment building within a multifamily residential classification.

Key Highlights

• 1887 Monrovia Ave, Costa Mesa, CA 92627
• Apartment building classified within multifamily residential properties

Property Analytics

Property Profile

Current Use

Monrovia Arms Apartment Building

Suggested Use

Top Pick Law Firm Parking Lot & Garage Daycare Center (Bike/Boat/Book/etc) Store Locksmith Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,760

Businesses Nearby

Explore this area Business Placement

Demographics for 92627, CA

61,764

Population

23,286

Households

2.7

Avg Household Size

36

Median Age

42%

College-Educated

85%

High-School Grad

6.4 sq mi

ZIP Area

9,651

Density / Sq Mi

$105,039

Median Household Income

$49,236

Median Earnings

$2,299

Median Rent

$1,074,900

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Apartment property located on Monrovia Ave in Costa Mesa, California.

Where is this apartment building located?

The property is located at 1887 Monrovia Ave Costa Mesa, CA.

What are key features of this property?

This property features: 1887 Monrovia Ave, Costa Mesa, CA 92627; Apartment building classified within multifamily residential properties