7-Unit Apartment
For Sale
$3,500,000
810 Center Street, Costa Mesa, CA 92627
Established apartment property built in 1977 with long-term tenancy.
Property Size6,210 SF
Days on Market55
Property Features for 810 Center Street
General Information
Standard status
Active
Size
6,210 SF
Property subtype
Apartment
Additional Details
Multifamily Units
7
Building Details
Building Size
6,210 SF
Year Built
1977
Listing Agency:
Pacific City Properties
Listed By:
Reine Shih Briggs · License #00858845
(714) 489-1788
Source:
Velocityrealtysd
Added: Sep 4
Changed: Oct 25
Last Checked: Oct 26 at 11:00PM
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 Pacific City Properties
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Investment Insights
Based on property information with market context.
This 7-unit apartment building in Costa Mesa was constructed in 1977 and is positioned as a residential income property. The asset provides a seven-unit configuration within an established apartment property, with all tenants described as long-term occupants. Located at 810 Center Street, the property is in Costa Mesa, California 92627.
Key Highlights
- 7‑unit apartment building
- Built in 1977
- Long‑term tenants reported
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$131,811
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,636,220
$2.6M
Cap Rate 7%
$1,883,014
$1.9M
Cap Rate 9%
$1,464,567
$1.5M
Market Conditions
NOI Build-Up for 6,210 SF
Gross rent
$249.6K $40.20/SF
− Vacancy
−$10.0K −$1.61/SF
EGI
$239.7K $38.59/SF
− OpEx
−$107.8K −$17.37/SF
NOI
$131.8K $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%
$2,636,220
Cap Rate 7%
$1,883,014
Cap Rate 9%
$1,464,567
Alternative Uses
Best Use
Apartment 5plus
$1.88M
$1.65M – $2.20M
NOI $131,811 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $147,228 @ 7.0% cap · market cap 4.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
2,501
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Established apartment property built in 1977 with long-term tenancy.
Where is this apartment building located?
The property is located at 810 Center Street Costa Mesa, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 7‑unit apartment building; Built in 1977; Long‑term tenants reported
