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1836-1840 Newport Blvd 4,140 SF 100% Leased Retail Building Costa Mesa, CA 92627 $4,339,163 CAD ($1,048.11 CAD/SF) 6.11% Cap Rate
Executive Summary
Coastal Commercial is pleased to offer 1836–1840 Newport Boulevard, a highly visible multi-tenant retail asset located in the heart of Eastside Costa Mesa—one of Orange County’s most sought-after coastal submarkets. The property consists of approximately 4,140 square feet of street-front retail space situated along Newport Boulevard, a primary commercial artery connecting inland Orange County to Newport Beach. With traffic counts exceeding 100,000 vehicles daily, the asset provides exceptional exposure,
strong signage potential, and consistent consumer flow.
Positioned directly across from Triangle Square and surrounded by a dynamic mix of retail, dining, and entertainment uses, the property benefits from both local and regional draw. The immediate trade area features a dense population base with high household incomes, supporting long-term retail demand and tenant stability. The asset presents a compelling opportunity for investors seeking a value-add retail investment in a supply-constrained market. With the ability to reposition tenancy, increase rents to market levels, and capitalize on continued growth along the Newport Boulevard corridor, investors are well-positioned to enhance cash flow and long-term asset appreciation.
Additionally, the property’s proximity to major transportation corridors, coastal amenities, and employment hubs further strengthens its investment fundamentals, making it an ideal acquisition for both private and institutional investors seeking durable income in a premier Southern California location.
strong signage potential, and consistent consumer flow.
Positioned directly across from Triangle Square and surrounded by a dynamic mix of retail, dining, and entertainment uses, the property benefits from both local and regional draw. The immediate trade area features a dense population base with high household incomes, supporting long-term retail demand and tenant stability. The asset presents a compelling opportunity for investors seeking a value-add retail investment in a supply-constrained market. With the ability to reposition tenancy, increase rents to market levels, and capitalize on continued growth along the Newport Boulevard corridor, investors are well-positioned to enhance cash flow and long-term asset appreciation.
Additionally, the property’s proximity to major transportation corridors, coastal amenities, and employment hubs further strengthens its investment fundamentals, making it an ideal acquisition for both private and institutional investors seeking durable income in a premier Southern California location.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,140 SF
Building Class
C
Year Built
1919
Price
$4,339,163 CAD
Price Per SF
$1,048.11 CAD
Cap Rate
6.11%
NOI
$265,123 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.26 AC
Zoning
C-2 - General Business District
Parking
19 Spaces (4.21 Spaces per 1,000 SF Leased)
Frontage
55’ on Newport Blvd
Amenities
- 24 Hour Access
- Freeway Visibility
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $859,599 CAD | |
| Land Assessment | $1,375,374 CAD | Total Assessment | $2,234,973 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,375,374 CAD
Improvements Assessment
$859,599 CAD
Total Assessment
$2,234,973 CAD
Contacts
-
Nathan Holthouser -
Tram Church -
Maggie Attashian -
Rebecca Canalez -
Coastal Commercial Inc.
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1836-1840 Newport Blvd
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