2013 Charle St Costa Mesa, CA 92627-5536
Property profile & analytics
2013 Charle St, Costa Mesa, CA 92627-5536
- Apartment buildings
- 9,159 SF
- 0.60 lot acres
Property ID
US09-1383257
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 2013 Charle St
- Year built
- 1962
- Lot size
- 0.60 lot acres
- Property type
- Apartment buildings
- APN
- 422-092-14
- APU
- 42209214
Description
This exceptional turnkey investment opportunity presents the Charle Square Apartments, a 16-unit multifamily property ideally situated at 2013 Charle Street in Costa Mesa, California. The property comprises two two-story buildings, offering a total of 9,159 square feet of net rentable space on a 26,173 square foot lot. Each of the sixteen one-bedroom units boasts a modern, renovated interior, featuring in-suite laundry, plank vinyl flooring, new cabinets, quartz countertops, updated bathrooms, new electrical subpanels, complete electrical rewiring, upgraded lighting, fresh paint, new AC units, stainless steel appliances, and contemporary finishes. Extensive exterior improvements, exceeding $1,000,000 in capital expenditures, include new windows and sliding glass doors, new unit entry doors, new fencing, complete landscaping replacement, concrete repair, roof repair and replacement, stucco repair and exterior paint, asphalt repair, new exterior lighting, and new mailboxes. Smart locks have been installed on all units. All improvements were completed with the necessary permits. Ground floor units enjoy large private yards. The property features ample on-site parking, a community BBQ area, and a courtyard. Currently operating at 100% occupancy, the property boasts a strong NOI of $327,084 and a 4.51% cap rate, with an asking price of $7,250,000 ($453,125 per unit and $791.57 per square foot). The property's 1962 construction was extensively renovated in 2024. This stabilized investment offers a compelling return and significant upside potential. The property's location in Costa Mesa, Orange County, provides easy access to major freeways, beaches, and a vibrant local economy. The property is zoned for potential Accessory Dwelling Unit (ADU) development. SB721 inspections have been completed.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,380,000
- ML approach
- $5,660,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,937,000
Market price range: $1.97M - $5.94M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $4,390,000 Current use
- RESTAURANT
- $6,250,000 Change: +42% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $5,850,000 Change: +33% Conversion: Difficult
- RETAIL STORES
- $5,595,000 Change: +27% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $5,545,000 Change: +26% Conversion: Moderate
- NEIGHBORHOOD: SHOPPING CENTER
- $4,295,000 Change: -2% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $4,085,000 Change: -7% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Costa Mesa
- County
- Orange
- State
- California
- Longitude
- -117.921
- Latitude
- 33.6478
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$57,066
$4,441,707
$278,293
$4,720,000
-
$0.00
$0.00
$0.00
