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1810 Newport Blvd 4,975 SF Vacant Retail Building Costa Mesa, CA 92627 $5,979,494 CAD ($1,201.91 CAD/SF) 4.95% Cap Rate



Executive Summary
Hopkins Investment Group, in affiliation with Jake J. Hopkins (Broker), is pleased to present the opportunity to acquire a fee simple interest in 1810 Newport Boulevard, a highly visible multi-tenant retail asset located at the confluence of Newport Blvd and Harbor Blvd, one of the busiest intersections in all of Orange County.
The offering consists of three buildings on two parcels totaling ±0.23 acres with approximately ±4,975 SF of building area. Five units occupy the site, including three storefront spaces fronting Newport Blvd, which sees a remarkable ±90,000 vehicles per day. Two additional rear units are currently used for office and storage. One of the most appealing features of this property is it has a private pedestrian walkway which connects the rear parking area to the Newport Blvd sidewalk, providing patrons easy access to all units.
The street-facing units include 1806–Barbershop, an L-shaped space with a front retail area and a large private entertainment room that has long been home to Hawleywood’s Barbershop, founded by the creator of the men’s grooming brand, Layrite; 1808–Jewelry Shop, an efficient 14' x 50' retail unit with 10-foot ceilings; and 1810 #A/B–Fitness Studio, an approximately 18' x 50' space with 12-foot ceilings and expansive glass windows.
The property includes nine dedicated on-site parking spaces plus shared access to the City of Costa Mesa public lot behind the site. Zoned C2–General Business, the property supports a wide range of commercial uses and benefits from AB 2097, eliminating minimum parking requirements due to nearby transit.
All tenants are currently month-to-month, creating flexibility for an owner-user or value-add investor.
This offering presents a rare opportunity to acquire a generational asset along one of Costa Mesa’s most traveled corridors while generating immediate rental income from day one.
The offering consists of three buildings on two parcels totaling ±0.23 acres with approximately ±4,975 SF of building area. Five units occupy the site, including three storefront spaces fronting Newport Blvd, which sees a remarkable ±90,000 vehicles per day. Two additional rear units are currently used for office and storage. One of the most appealing features of this property is it has a private pedestrian walkway which connects the rear parking area to the Newport Blvd sidewalk, providing patrons easy access to all units.
The street-facing units include 1806–Barbershop, an L-shaped space with a front retail area and a large private entertainment room that has long been home to Hawleywood’s Barbershop, founded by the creator of the men’s grooming brand, Layrite; 1808–Jewelry Shop, an efficient 14' x 50' retail unit with 10-foot ceilings; and 1810 #A/B–Fitness Studio, an approximately 18' x 50' space with 12-foot ceilings and expansive glass windows.
The property includes nine dedicated on-site parking spaces plus shared access to the City of Costa Mesa public lot behind the site. Zoned C2–General Business, the property supports a wide range of commercial uses and benefits from AB 2097, eliminating minimum parking requirements due to nearby transit.
All tenants are currently month-to-month, creating flexibility for an owner-user or value-add investor.
This offering presents a rare opportunity to acquire a generational asset along one of Costa Mesa’s most traveled corridors while generating immediate rental income from day one.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
4,975 SF
Year Built
1946
Price
$5,979,494 CAD
Price Per SF
$1,201.91 CAD
Cap Rate
4.95%
NOI
$296,276 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.50
Lot Size
0.23 AC
Zoning
C2 - C2 General Business District allows a wide range of goods and services, less compatible with residential or institutional uses.
Parking
9 Spaces (1.81 Spaces per 1,000 SF Leased)
Amenities
- Property Manager on Site
- Security System
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
1 of 27
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1810 Newport Blvd
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