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2230 Canyon Drive, Costa Mesa, CA 92627
Priced at Only: $4,525,000
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Address: 2230 Canyon Drive, Costa Mesa, CA 92627
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  • MLS#: OC25238637 ( Apartment )
  • Street Address: 2230 Canyon Drive
  • Viewed: 3
  • Price: $4,525,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1956
  • Bldg sqft: 0
  • Days On Market: 147
  • Additional Information
  • County: ORANGE
  • City: Costa Mesa
  • Zipcode: 92627
  • Provided by: Marcus & Millichap RE Invest
  • Contact: Tyler Tyler
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    2230 Canyon Drive is a 7 unit multifamily investment opportunity located in the highly desirable city of Costa Mesa, California. Built in 1990, the gated property consists entirely of spacious two story, 2 bedroom/2.5 bath townhouse style units, a rare and highly attractive offering in todays rental market. Six units feature a front patio, back patio, and private balcony, while the rear unit offers a front patio and a large private backyard. Residents benefit from ample parking with eight garages and eight surface spaces, along with the convenience of laundry hookups in every unit. Five units have been thoughtfully renovated with modern finishes including shaker style cabinetry, vinyl flooring, recessed lighting, and stainless steel kitchen appliances. The propertys renovation program has proven effective, giving investors an opportunity to capture additional upside through continued upgrades, while current tenants already enjoy generous layouts and abundant private outdoor space that distinguish these units from competing rentals. 2230 Canyon Drive offers residents everyday convenience with walkable access to schools such as Victoria Elementary, Estancia High School, and the Waldorf School of Orange County. Nearby parks and open spaces include Talbert Regional Park, a 180 acre preserve with extensive bike and pedestrian trails, as well as Fairview Park and direct access to the Santa Ana River Trail and Banning Channel Bikeway. Within two miles of the property are Harbor Boulevard and Brookhurst Street, both of which offer an array of retail centers, restaurants, and daily conveniences. 2230 Canyon Drive represents a rare opportunity to acquire a well maintained coastal Orange County multifamily asset with spacious townhouse layouts, ample outdoor space, in unit laundry hookups, and clear upside through a proven renovation strategy. This property is well positioned for investors seeking a high quality asset with strong renter demand and long term growth potential in one of Costa Mesas most desirable neighborhoods.
Features
Association Fee
  1. 0.00
Building Area Total
  1. 8260.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Country
  1. US
Days On Market
  1. 146
Electric Expense
  1. 2935.00
Entry Location
  1. First level
Garage Spaces
  1. 8.00
Gardner Expense
  1. 2936.00
Heating
  1. Forced Air
Insurance Expense
  1. 5250.00
Laundry Features
  1. Gas Dryer Hookup
  2. Washer Hookup
Levels
  1. Two
Lot Features
  1. Level with Street
Netoperatingincome
  1. 186344.00
Newtaxesexpense
  1. 47410.00
Otherincome1
  1. 9600.00
Parcel Number
  1. 42207205
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 449100812:CRM
Totalexpenses
  1. 82246.00
Trash Expense
  1. 2935.00
Uncovered Spaces
  1. 8.00
Vacancyallowance
  1. 8010
Water Sewer Expense
  1. 2935.00
Water Source
  1. Public
Year Built
  1. 1956
Year Built Source
  1. Assessor
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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