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2428 Newport Blvd 5,625 SF Retail Building Costa Mesa, CA 92627 $4,047,470 CAD ($719.55 CAD/SF)
INVESTMENT HIGHLIGHTS
- 2428 Newport Boulevard offers prominent pylon and building signage along Newport Boulevard.
- Trophy location: Prime retail positioning near schools, recreation, major employment hubs, and entertainment, driving strong tenant demand.
- There is ample parking of 35 spaces, an exceptional 6.22 parking ratio, ensuring convenience for tenants and customers.
- Value-add potential via upside in restructuring leases to NNN and bringing rents to market, enhancing long-term investment returns.
- Additional revenue streams via coveted gated storage yard generates supplementary income.
- The site has unmatched accessibility with convenient access to 55, 405, and 73 Freeways, ensuring high traffic flow and ease of customer access.
EXECUTIVE SUMMARY
OCAP Real Estate is pleased to present the opportunity to acquire a prime Costa Mesa retail strip. The strip offers exceptional visibility along Newport Boulevard, with prominent pylon and building signage maximizing exposure.
Ideally positioned with convenient access to the 55, 405, and 73 Freeways, this trophy location is surrounded by schools, recreation, major employment hubs, and entertainment, ensuring strong tenant demand. With significant upside potential, investors can capitalize on restructuring leases to NNN and bringing rents to market for increased long-term returns. A coveted gated storage yard provides additional income, while recent facade and signage upgrades enhance the property’s curb appeal. Plus, an exceptional 6.22 parking ratio (34 Spaces) offers ample convenience for both tenants and customers.
This is a premier value-add investment in one of Orange County’s most sought-after retail corridors—an opportunity not to be missed. Contact us today for more details and to schedule a private tour.
Ideally positioned with convenient access to the 55, 405, and 73 Freeways, this trophy location is surrounded by schools, recreation, major employment hubs, and entertainment, ensuring strong tenant demand. With significant upside potential, investors can capitalize on restructuring leases to NNN and bringing rents to market for increased long-term returns. A coveted gated storage yard provides additional income, while recent facade and signage upgrades enhance the property’s curb appeal. Plus, an exceptional 6.22 parking ratio (34 Spaces) offers ample convenience for both tenants and customers.
This is a premier value-add investment in one of Orange County’s most sought-after retail corridors—an opportunity not to be missed. Contact us today for more details and to schedule a private tour.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$181,967
|
$32.35
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$181,967
|
$32.35
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$64,352
|
$11.44
|
| Net Operating Income |
$117,615
|
$20.91
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $181,967 |
| Annual Per SF | $32.35 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $181,967 |
| Annual Per SF | $32.35 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $64,352 |
| Annual Per SF | $11.44 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $117,615 |
| Annual Per SF | $20.91 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,625 SF
Building Class
C
Year Built
1961
Price
$4,047,470 CAD
Price Per SF
$719.55 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.45 AC
Zoning
C2
Parking
35 Spaces (6.22 Spaces per 1,000 SF Leased)
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 4
- 750 SF
- Office/Retail
- -
- Now
- 6
- 750 SF
- Office/Retail
- -
- Now
- 7
- 750 SF
- Office/Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 4 | 750 SF | Office/Retail | - | Now |
| 5 | 750 SF | Office/Retail | - | Now |
| 6 | 750 SF | Office/Retail | - | Now |
| 7 | 750 SF | Office/Retail | - | Now |
4
| Size |
| 750 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
5
| Size |
| 750 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
6
| Size |
| 750 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
7
| Size |
| 750 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
5
| Size | 750 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 439-281-04 | Improvements Assessment | $349,263 CAD (2025) |
| Land Assessment | $3,712,841 CAD (2025) | Total Assessment | $4,062,104 CAD (2025) |
PROPERTY TAXES
Parcel Number
439-281-04
Land Assessment
$3,712,841 CAD (2025)
Improvements Assessment
$349,263 CAD (2025)
Total Assessment
$4,062,104 CAD (2025)
1 of 11
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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2428 Newport Blvd
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