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3025 Jeffrey Dr 3 Unit Apartment Building $2,639,420 CAD ($879,807 CAD/Unit) 3.78% Cap Rate Costa Mesa, CA 92626
Investment Highlights
- One-, Two-, & Three-Bedroom Units
- Recent Capital Improvements Completed, New Electrical Panels, Windows, Flooring, Cabinetry, Countertops, Appliances, Bathrooms & Finishes Throughout
- Well Parked with (3) Private Garages & (2) Open Spaces
- Value-Add Asset - Current Rents are Below Market
- Each Unit has Private Outdoor Space or Balcony, Individual Washer & Dryer Hookups in Each Garage
Executive Summary
Situated in a well-established Costa Mesa pocket, this three-unit property offers a versatile mix of one-, two-, and three-bedroom floorplans with spacious layouts. Each unit has a private balcony or outdoor space and individual washer/dryer hookups. Private garages plus open parking keep the property well served. Recent capital improvements completed. Current rents are below market, with meaningful room to grow as leases turn.
Property Facts
| Price | $2,639,420 CAD | Property Subtype | Apartment |
| Price Per Unit | $879,807 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 3.78% | Building Size | 2,885 SF |
| Gross Rent Multiplier | 17.78 | No. Stories | 2 |
| No. Units | 3 | Year Built | 1977 |
| Property Type | Multifamily | Parking Ratio | 1.73/1,000 SF |
| Zoning | R3 - Multiple Family Residential | ||
| Price | $2,639,420 CAD |
| Price Per Unit | $879,807 CAD |
| Sale Type | Investment |
| Cap Rate | 3.78% |
| Gross Rent Multiplier | 17.78 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,885 SF |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 1.73/1,000 SF |
| Zoning | R3 - Multiple Family Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $3,405 CAD | 750 |
| 2+1 | 1 | $4,100 CAD | 950 |
| 3+2 | 1 | $4,865 CAD | 1,185 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 418-122-07 | Improvements Assessment | $251,375 CAD |
| Land Assessment | $1,424,960 CAD | Total Assessment | $1,676,335 CAD |
Property Taxes
Parcel Number
418-122-07
Land Assessment
$1,424,960 CAD
Improvements Assessment
$251,375 CAD
Total Assessment
$1,676,335 CAD
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3025 Jeffrey Dr
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