10-Unit Apartment
For Sale
Contact for pricing
2256-2260 Maple St., Costa Mesa, CA 92627
R2-MD-zoned multifamily property with a 10-unit residential configuration in Costa Mesa.
Property Size7,840 SF
Price / SF$561.22
Days on Market161
Property Features for 2256-2260 Maple St.
General Information
Standard status
Active
Size
7,840 SF
Class
B
Total Parking Spaces
16
Property subtype
Multifamily
Zoning
R2-MD
Investment Type
Stabilized
Net Operating Income
$180,081
Additional Details
Multifamily Units
10
Building Details
Year Built
1956
Year Renovated
2025
Buildings
2
Stories
2
Units
10
Listing Agency:
Marcus & Millichap - Orange County
Listed By:
Joseph Berkson · License #CA 01031951
Source:
Crexi
Added: May 8
Changed: Oct 7
Last Checked: Oct 14 at 11:15PM
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 Marcus & Millichap - Orange County
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This apartment property at 2256-2260 Maple St. in Costa Mesa contains 10 residential units within 7,840 square feet. The building was constructed in 1956 and is identified under R2-MD zoning, supporting its multifamily classification.
The property is located in the 92627 ZIP code and carries the Maple Street Apartments name. Its 10-unit configuration provides a defined apartment-building format for multifamily ownership and operation.
The property is located in the 92627 ZIP code and carries the Maple Street Apartments name. Its 10-unit configuration provides a defined apartment-building format for multifamily ownership and operation.
Key Highlights
- 10 residential units
- 7,840 square feet of property size
- R2‑MD zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$166,409
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,328,180
$3.3M
Cap Rate 7%
$2,377,271
$2.4M
Cap Rate 9%
$1,848,989
$1.8M
Market Conditions
NOI Build-Up for 7,840 SF
Gross rent
$315.2K $40.20/SF
− Vacancy
−$12.6K −$1.61/SF
EGI
$302.6K $38.59/SF
− OpEx
−$136.2K −$17.37/SF
NOI
$166.4K $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%
$3,328,180
Cap Rate 7%
$2,377,271
Cap Rate 9%
$1,848,989
Alternative Uses
Best Use
Apartment 5plus
$2.38M
$2.08M – $2.77M
NOI $166,409 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.66M
$2.32M – $3.10M
NOI $185,872 @ 7.0% cap · market cap 4.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
1,124
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?
Apartment building - R2-MD-zoned multifamily property with a 10-unit residential configuration in Costa Mesa.
Where is this apartment building located?
The property is located at 2256-2260 Maple St. Costa Mesa, CA.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: 10 residential units; 7,840 square feet of property size; R2‑MD zoning
