Listed by Nick Gould with Morgan Skenderian

135 Broadway

Costa Mesa, CA, 92627

$2,450,000

$816 per ft²
$2,450,000
$816 per ft²
Sold
Sold
carpenters-square
3,000 ft²
property_type
Multi-family
calendar
Built 1936
**HIGHLY MOTIVATED SELLER, PRICE REDUCED $215,000** We are pleased to offer this rare R2-HD zoned 7-unit apartment community, located at 135-37 Broadway on Costa Mesa's Eastside. This is the first time this building has ever been listed for sale and is being sold by the original builder's family. The building is comprised of (6) Studio units and (1) 1Bedroom/1-Bathroom unit. It is located just across the street from The Triangle and within walking distance of the E. 17th Street shopping and dining district. This opportunity offers investors the ability to renovate the current units and move rents up with the potential for 53% in the rental upside. The property zoning also off investors a long-term exit strategy for higher-density development.
MLS® ID:
PW22120993
Listed:
5/11/22
Updated:
3/24/23
NMC Realty
Mobile: (949) 922-8148Email: info@nmcrealty.com

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
None

Exterior/Building Features

Lot Size
7,796 ft² lot
Lot Details
6-10 Units/Acre
Sewer
Public Sewer

Other Property Details

Area Name
C5 - East Costa Mesa
Association Amenities
Curbs, Sidewalks
Garage
Yes
Garage Spaces
4
Parking
4
Parking Total
4.0
View
N
County
Orange
Water Source
Public
Pool
No
Pool Description
None
Total Stories
1
Buyer Agency Compensation
2.000

Property History

Date
Event
Price
Value
8/1/22
Price Change
$2,935,000
-6%
12/3/22
Active Under Contract
-
-
1/12/23
Pending
-
-
2/23/23
Price Change
$2,450,000
-16%
2/23/23
Sold
-
-

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/24/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2023 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/24/23 at 3:51 PM UTC

NMC Realty
Mobile: (949) 922-8148Email: info@nmcrealty.com
Contact