1124 Victoria, Costa Mesa, CA 92627
List Price: $2.19M
Listing Status: Active
Original List Price: $2.33M
0Days on Market: 93
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1961
Lot Size: 13,047 sq ft
Private Pool: Yes
MLS Number: OC26045159
About This Property
The Victoria Street Apartments presents a rare opportunity to acquire a well-located, four-unit multifamily investment in the highly desirable, supply-constrained submarket of Costa Mesa within Greater Orange County. Constructed in 1961, the property features a low-density and highly attractive unit mix consisting of (2) spacious, single-story three-bedroom/two-bath units and (2) studios totaling approximately 3,449 square feet. The asset sits on an expansive 13,047 square foot lot, offering strong intrinsic land value and future operational flexibility, including potential ADU opportunities. The property provides a compelling resident experience with desirable amenities, such as ample on-site parking with covered carports, private patios, and balconies - features that enhance tenant appeal and support strong occupancy fundamentals. Select units have undergone recent upgrades and renovations, further strengthening the asset’s competitive positioning. Strategically located near Costa Mesa’s premier retail, dining, and entertainment corridors - and just minutes from Huntington Beach - the property benefits from close proximity to The Triangle Square, the OC Fair & Event Center, the 17th Street Promenade, and Talbert Regional Park. This prime location, combined with the asset’s favorable unit composition and land-to-building ratio, positions the Victoria Street Apartments as a high-quality investment opportunity offering durable demand drivers, rental upside, and meaningful long-term appreciation potential.
Listing provided by: Greg Bassirpou DRE #01365951 949-419-3200 gbassirpou@marcusmillichap.com