Listed by Greg Bassirpou with Marcus & Millichap RE Invest

558 Joann Street

Costa Mesa, CA, 92627

$3,295,000

$552 per ft²
$3,295,000
$552 per ft²
Active
Active
 - For Sale
carpenters-square
5,962 ft²
property_type
Multi-family
calendar
Built 1964
The Joann Street Apartments is a six-unit apartment community located in the highly desirable submarket of Costa Mesa within the Greater Orange County area. The property offers an attractive unit mix consisting of (2) three-bedroom/ one-bathroom units, (2) two-bedroom/ one-bathroom units, and (2) one-bedroom/ one-bathroom units totaling 5,962 square feet, situated on over a quarter acre lot with views of the Costa Mesa Golf Course. The property has undergone recent renovations and upgrades of the interiors and exterior. Some upgrades include but are not limited to new windows, new kitchens, new appliances, new bathrooms, new fencing / gates, new laundry room and new flooring. Tenant amenities include large front yards, private patios, balconies with views of Golf Course, covered parking with ample storage space, and an on-site laundry room. Costa Mesa is one of Orange County’s hidden gems. Revered as “City of the Arts”, Costa Mesa is the destination of choice for more than 46 million visitors each year due to its many sites / events of interest, including: South Coast Plaza, Segerstrom Center for the Arts, and the annual OC County Fair. 554 - 558 Joann Street offers an investor the ability to capture tenants seeking an excellent coastal location with convenient access to a wide variety of retail amenities, dining experiences, and entertainment venues. This overall demand for a well-located apartment building will be a major driver in creating strong returns and future value appreciation at 554 - 558 Joann Street.
MLS® ID:
OC23024916
Listed:
2/12/23
Updated:
4/1/23

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area

Exterior/Building Features

Lot Size
0.29 acres lot
Lot Details
Cul-De-Sac, Front Yard, Landscaped, Near Public Transit
Sewer
Public Sewer

Other Property Details

Area Name
699 - Not Defined
Association Amenities
Curbs, Street Lights, Sidewalks
Garage
No
Parking
11
Parking Total
11.0
View
N
County
Orange
Water Source
Public
Pool
No
Pool Description
None
Total Stories
2
Buyer Agency Compensation
2.000

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/1/23. 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.

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Data last updated on 4/1/23 at 5:31 PM UTC

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