135 Broadway, Costa Mesa, CA 92627

$2,935,000
List Price
$2,935,000
Price Change
▼ $215,000 1659405201
MLS#
PW22120993
Status
PENDING
Type
Multifamily
Neighborhood
Eastside Cm

Property Description

**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.

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Courtesy of Morgan Skenderian, Nick Gould.