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311 W Wilson St 14 Unit Apartment Building $7,771,746 CAD ($555,125 CAD/Unit) 4.56% Cap Rate Costa Mesa, CA 92627
Investment Highlights
- Spacious One- & Two-Bedroom Units (Avg. 867 SF)
- Located in an Opportunity Zone
- Significant Capital Improvements - All Units Renovated, Exterior Paint, New Roof Gutter System, Balcony/Decks Replaced, Main Electric Panel Replaced
- On-Site Laundry Room & Well Parked with (12) Carports, (9) Open & (1) Two-Car Garage
- ADU Potential - Opportunity to Convert Existing Two-Car Garage into an ADU
- Ceiling Fans Installed in Bedrooms, Vaulted Ceilings in Upstair Units & All Units Include Private Patio or Balcony
Executive Summary
311 W. Wilson Street is a 14-unit multifamily investment opportunity in the heart of Costa Mesa.
All 14 units have been renovated and feature spacious one- and two-bedroom floorplans averaging 867 square feet, with private patios or balconies, ceiling fans, and vaulted ceilings in select upstairs units. Extensive capital improvements include a new roof and gutter system, replaced balconies and decks, new main electrical panel, and copper plumbing throughout.
Additional upside through ADU conversion of the existing two-car garage, plus Opportunity Zone designation offering tax advantages for eligible investors. On-site laundry and well-parked with carport, open & two-car garages.
All 14 units have been renovated and feature spacious one- and two-bedroom floorplans averaging 867 square feet, with private patios or balconies, ceiling fans, and vaulted ceilings in select upstairs units. Extensive capital improvements include a new roof and gutter system, replaced balconies and decks, new main electrical panel, and copper plumbing throughout.
Additional upside through ADU conversion of the existing two-car garage, plus Opportunity Zone designation offering tax advantages for eligible investors. On-site laundry and well-parked with carport, open & two-car garages.
Property Facts
| Price | $7,771,746 CAD | Apartment Style | Garden |
| Price Per Unit | $555,125 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.49 AC |
| Cap Rate | 4.56% | Building Size | 10,092 SF |
| Gross Rent Multiplier | 14.07 | No. Stories | 2 |
| No. Units | 14 | Year Built/Renovated | 1960/2022 |
| Property Type | Multifamily | Parking Ratio | 2.28/1,000 SF |
| Property Subtype | Apartment |
| Price | $7,771,746 CAD |
| Price Per Unit | $555,125 CAD |
| Sale Type | Investment |
| Cap Rate | 4.56% |
| Gross Rent Multiplier | 14.07 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 10,092 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2022 |
| Parking Ratio | 2.28/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | $2,671 CAD | 643 |
| 2+1 | 7 | $3,754 CAD | 799 |
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Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 419-061-08 | Improvements Assessment | $498,477 CAD |
| Land Assessment | $5,826,625 CAD | Total Assessment | $6,325,102 CAD |
Property Taxes
Parcel Number
419-061-08
Land Assessment
$5,826,625 CAD
Improvements Assessment
$498,477 CAD
Total Assessment
$6,325,102 CAD
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311 W Wilson St
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