Courtyard Apartment
For Sale
$9,595,000
Pending
291-293 Avocado St, Costa Mesa, CA 92627
Gated two-building property with renovated residences, multiple parking formats, and on-site laundry facilities.
Property SizeContact for details
Days on Market139
Property Features for 291-293 Avocado St
General Information
Standard status
Pending
Net Rentable
18,012 SF
Total Parking Spaces
45
Property subtype
Multi-Family
Units
Unit Mix
20 x 1BR/1BA, 4 x 2BR/1BA
Multifamily Units
24
Parking per Unit
1.9
Amenities
gated
on-site laundry room
Building Details
Year Built
1965
Buildings
2
Listing Agency:
Marcus & Millichap RE Invest
Listed By:
Tyler Leeson tleeson@marcusmillichap.com
(951) 226-5454
Source:
Findahomenorthcountysandiego
Added: Apr 28
Changed: Sep 12
Last Checked: Sep 12 at 10:42AM
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 RE Invest
Investment Insights
Based on property information with market context.
Located at 291–293 Avocado Street in Costa Mesa, this gated apartment property includes two 12-unit buildings positioned around a shared courtyard. The 24-unit configuration comprises 20 one-bedroom, one-bath residences and 4 two-bedroom, one-bath residences, totaling approximately 18,012 rentable square feet. Built in 1965, the property includes surface, carport, and garage parking, plus an on-site laundry room.
Capital work includes a replaced roof, copper plumbing, and upgraded electrical subpanels. Nineteen units have been renovated, and the property has completed its SB-721 inspection with no corrective work required. In-unit washer/dryer hookups could be added, while underused common areas may be repositioned for amenities or, subject to city approval, ADU development. The property is near retail, dining, and major transportation corridors in Costa Mesa.
Capital work includes a replaced roof, copper plumbing, and upgraded electrical subpanels. Nineteen units have been renovated, and the property has completed its SB-721 inspection with no corrective work required. In-unit washer/dryer hookups could be added, while underused common areas may be repositioned for amenities or, subject to city approval, ADU development. The property is near retail, dining, and major transportation corridors in Costa Mesa.
Key Highlights
- 24‑unit apartment property with two 12‑unit buildings
- 20 one‑bed/one‑bath units and 4 two‑bed/one‑bath units
- Approximately 18,012 rentable square feet on a shared courtyard layout
Property Analytics
Current Use
Lease Details
24
Residential units
Location Intelligence
Trade Area within ½ mile
1,689
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Gated two-building property with renovated residences, multiple parking formats, and on-site laundry facilities.
Where is this apartment building located?
The property is located at 291-293 Avocado St Costa Mesa, CA.
What is the asking price?
The asking price for this property is $9,595,000.
What are key features of this property?
This property features: 24‑unit apartment property with two 12‑unit buildings; 20 one‑bed/one‑bath units and 4 two‑bed/one‑bath units; Approximately 18,012 rentable square feet on a shared courtyard layout
