Renovated Mixed-Use
For Sale
Contact for pricing
2027 Harbor Boulevard, Costa Mesa, CA 92627
Street-front retail accompanies twelve renovated apartments across four buildings with studio, one-bedroom, and two-bedroom layouts.
Property Size7,490 SF
Price / SF$599.47
Days on Market98
Property Features for 2027 Harbor Boulevard
General Information
Standard status
Active
Size
7,490 SF
Property subtype
Multifamily, Mixed Use
Net Operating Income
$252,028
Additional Details
Cap Rate
5.05%
Utilities to Site
Yes
Multifamily Units
12
Building Details
Year Built
1949
Buildings
4
Units
13
Tenancy
Multi
Listing Agency:
CBRE - Orange County
Listed By:
Dan Blackwell · License #CA 01854961
(949) 307-8319
Source:
Crexi
Added: Jul 30
Changed: Oct 25
Last Checked: Nov 3 at 6:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Orange County
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property combines a street-front retail building with 12 apartment units distributed across 4 separate buildings. The residential component includes studio, one-bedroom, and two-bedroom floor plans. The property contains 7,490 square feet and was originally built in 1949, with extensive updates to major systems, interiors, and exteriors.
An in-place ratio utility billing system has residents covering 80% of water, sewer, and trash expenses. Individual gas and electric metering further separates those utility costs from ownership. The property is positioned within walking distance of Costa Mesa retail, restaurants, and entertainment, with beach access described as a short distance away. A Walk Score of 85 supports the property's walkable urban setting.
An in-place ratio utility billing system has residents covering 80% of water, sewer, and trash expenses. Individual gas and electric metering further separates those utility costs from ownership. The property is positioned within walking distance of Costa Mesa retail, restaurants, and entertainment, with beach access described as a short distance away. A Walk Score of 85 supports the property's walkable urban setting.
Key Highlights
- Mixed‑use asset with street‑front retail and 12 apartment units
- 7,490 square feet across 4 separate buildings
- Apartment mix includes studios, one‑bedroom, and two‑bedroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$158,980
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,179,600
$3.2M
Cap Rate 7%
$2,271,143
$2.3M
Cap Rate 9%
$1,766,444
$1.8M
Market Conditions
NOI Build-Up for 7,490 SF
Gross rent
$301.1K $40.20/SF
− Vacancy
−$12.0K −$1.61/SF
EGI
$289.1K $38.59/SF
− OpEx
−$130.1K −$17.37/SF
NOI
$159.0K $21.23/SF
Area
Costa Mesa, CA
Vacancy
4.00%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,179,600
Cap Rate 7%
$2,271,143
Cap Rate 9%
$1,766,444
Alternative Uses
Best Use
Apartment 5plus
$2.27M
$1.99M – $2.65M
NOI $158,980 @ 7.0% cap · market cap 3.54%
Second Best
Mixed Use
$1.85M
$1.62M – $2.15M
NOI $129,203 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$2.54M
$2.22M – $2.96M
NOI $177,574 @ 7.0% cap · market cap 3.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
12
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,419
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-front retail accompanies twelve renovated apartments across four buildings with studio, one-bedroom, and two-bedroom layouts.
Where is this mixed-use property located?
The property is located at 2027 Harbor Boulevard Costa Mesa, CA.
What is the asking price?
The asking price for this property is $4,490,000.
What are key features of this property?
This property features: Mixed‑use asset with street‑front retail and 12 apartment units; 7,490 square feet across 4 separate buildings; Apartment mix includes studios, one‑bedroom, and two‑bedroom units
