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1935 Anaheim Ave
Costa Mesa, CA 92627
1935 Anaheim · Multifamily Property For Sale · 10 Units

Investment Highlights

  • 10-unit multifamily asset located in highly desirable Costa Mesa rental market.
  • Large lot with potential ADU or redevelopment possibilities (Buyer to verify)
  • Rare opportunity to acquire a scale property in a supply-constrained Orange County market.
  • Value-add opportunity with below-market rents and renovation upside
  • Strong long-term rental demand driven by proximity to shopping, entertainment, Newport Beach, South Coast Metro, and major employment centers.

Executive Summary

Located in the prime location of Costa Mesa, 1935 Anaheim Avenue presents a compelling investment opportunity for multifamily/low-rise/garden investors. This historic 7,528 SF building, constructed in 1925, offers 10 well-maintained units, providing a solid foundation for immediate rental income. Zoned R2, the property is an attractive prospect for expansion or redevelopment. With a strong track record of 91% occupancy, this investment ensures consistent returns and long-term value. From its timeless architectural appeal to its lucrative rental potential, 1935 Anaheim Avenue stands as a distinguished property poised to deliver substantial rewards for discerning investors in the dynamic Costa Mesa market.

Property Facts

Price Per Unit $485,733 CAD
Sale Type Investment
Cap Rate 2.99%
No. Units 10
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Garden
Lot Size 0.76 AC
Building Size 7,528 SF
Average Occupancy 91%
No. Stories 2
Year Built/Renovated 1925/1988
Zoning R2

Amenities

  • Smoke Detector

Unit Amenities

  • Dishwasher
  • Microwave
  • Storage Space
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Ceiling Fans
  • Kitchen
  • Yard
  • Dining Room
  • Family Room
  • Instant Hot Water
  • Linen Closet
  • Office
  • Porch
  • Large Bedrooms

Site Amenities

  • Private Bathroom

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 7 $1.39 CAD -
1+1 3 $1.39 CAD -
  • Listing ID: 39999805

  • Date on Market: 2026-04-02

  • Last Updated:

  • Address: 1935 Anaheim Ave, Costa Mesa, CA 92627

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