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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

Listed by Tyler Leeson, DRE #01451551 • Marcus & Millichap RE Invest

$ 4,650,000

Est. payment | -/mo

Save

$ 4,650,000

Est. payment | -/mo

Save

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CROC26201829

Year Built 1965

Source California Regional MLS

Property Description

383 West Wilson Street is a 12-unit multifamily investment property located in Costa Mesa, California. Situated on approximately 0.43 acres, the property features a unit mix of 10 one-bedroom units and 2 two-bedroom units and combines a substantially renovated existing asset with significant additional unit development potential. Central to the investment opportunity is the approval to convert existing garage space into 5 studio Accessory Dwelling Units (ADUs), totaling approximately 2,045 square feet. Construction of the approved ADUs has not yet commenced, providing new ownership the opportunity to complete the conversions and increase the property from 12 to 17 units, a roughly 42% increase in rentable unit count. The approved conversions create a defined path to expand the property's income-producing capacity within the existing site. Importantly, this development upside is paired with substantial improvements to the existing 12 units. All units have been renovated with upgrades including quartz countertops, updated appliances and bathrooms, fresh paint, and vinyl and carpet flooring. With the existing interiors already improved, future investment can be focused on completion of the approved ADUs rather than a property-wide interior renovation program. 383 West Wilson Street

Location

State CA

County Orange

Area C2 - Southwest Costa Mesa

Interior

Laundry Community Facility

Exterior

Garage Spaces 22.0

Pool None

Building

Lot Description Grade - Level

Water District - Public

Others

Tax ID 41903204

Special Listing Condition Not Applicable

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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383 W Wilson ST Costa Mesa, CA 92627