Sold

135 Broadway

Costa Mesa CA, 92627

$2,450,000


$816.67 per sqft

Sold

3,000 sqft

Residential

Built in 1936

Listed by Nick Gould with Morgan Skenderian 949-251-8800

**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.

PW22120993

MLS ID

May 12, 2022

Listed

March 23, 2024

Updated

Map

135 Broadway
Costa Mesa CA, 92627

Interior Features

Total Stories

1


Laundry Description

None


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.18 Acres


Lot Features

6-10 Units/Acre


Sewer

Public Sewer

Other Property Details

Area Name

C5 - East Costa Mesa


Days on Market

179


Garage

Yes


Garage Spaces

4


Parking Total

4


View

No


County

Orange


Water Source

Public


Pool

No


Pool Features

None


Buyer Agency Compensation

2%

Listing Contact: 949-251-8800 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/23/2024 at 1:26 AM UTC

 

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