2205 Hbr Blvd Costa Mesa, CA 92627-2512
- Motels
- 8,347 SF
- 0.58 lot acres
Current Use by Public Records
- Mesa Motel / Lodge / Lodging
Property Details for 2205 Hbr Blvd
- Year built
- 1958
- Lot size
- 0.58 lot acres
- Property size
- 8,347 SF
- Property type
- Motels
- APN
- 422-193-24
- APU
- 42219324
Description
This exceptional Costa Mesa motel presents a lucrative investment opportunity. The property, situated on approximately 0.58 acres at 2205 Harbor Blvd, Costa Mesa, CA 92627, boasts two two-story buildings totaling approximately 28,286 square feet. Built in 1958, the motel features 46 guest rooms and a management office. The asking price is $12,500,000, translating to $441.91 per square foot. Key features include a swimming pool with a barbecue area and a gated front entrance. The property's location offers convenient access to major Orange County areas. Furthermore, this motel is eligible for supportive housing purposes, presenting a potential avenue for expansion and increased revenue streams. A potential transferrable community care expansion grant may be available
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $7,040,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $8,640,000
- 6.5%
- $8,130,000
- 7%
- $8,085,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $7,420,000
- Geo Method
- $7,795,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $10,195,000
- Retail
- $9,395,000
- Mixed-Use
- $10,245,000
- Hospitality
- $10,265,000
- Educational
- $8,110,000
- Residential Income
- $9,040,000
- Energy
- $9,815,000
- Income-Based Land
- $8,940,000
- Food Service
- $9,800,000
Location Insight
- Map
- Local Demand
- City
- Costa Mesa
- County
- Orange
- State
- California
- Longitude
- -117.92
- Latitude
- 33.6545
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
