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181 Cecil Pl 2 Unit Apartment Building Offered at $3,245,044 CAD at a 2.38% Cap Rate Costa Mesa, CA 92627
Investment Highlights
- 1991 Construction
- All 3B/2.5B Units (Approx. 1,633 SF Each)
- Upside Potential - Current Rents are Below Market
- (2) Townhome-Style Units
- Each Unit Has Washer & Dryer Hookups, Private Patios and Direct-Access Two-Car Garage
Executive Summary
Built in 1991, this multifamily property delivers two spacious townhome-style units in one of Orange County's most desirable submarkets. Each three-bedroom unit includes a private patio, in-unit washer and dryer hookups, and a direct-access two-car garage. Current rents are below market, offering upside potential.
Property Facts
| Price | $3,245,044 CAD | Property Type | Multifamily |
| Price Per Unit | $1,622,522 CAD | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 3,266 SF |
| Cap Rate | 2.38% | No. Stories | 2 |
| Gross Rent Multiplier | 24.34 | Year Built | 1991 |
| No. Units | 2 |
| Price | $3,245,044 CAD |
| Price Per Unit | $1,622,522 CAD |
| Sale Type | Investment |
| Cap Rate | 2.38% |
| Gross Rent Multiplier | 24.34 |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.16 AC |
| Building Size | 3,266 SF |
| No. Stories | 2 |
| Year Built | 1991 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 1 | $5,441 CAD | 1,633 |
| 3+2.5 | 1 | $5,482 CAD | 1,633 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
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181 Cecil Pl
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