Log In/Sign Up
Your email has been sent.
3U - 425 Ford Road, Costa Mesa, CA 92627 425 Ford Rd 3 Unit Apartment Building $2,708,850 CAD ($902,950 CAD/Unit) 3.44% Cap Rate Costa Mesa, CA 92627
Investment Highlights
- All 2BR/2BA Single Story Units
- Recently Renovated Unit
- Garages + Off Street Parking
Executive Summary
**Now offered at $1,948,000, presenting a compelling opportunity for investors seeking well-located Costa Mesa multifamily.**
425 Ford Road offers a rare opportunity to acquire a single-story multifamily property on a quiet, tree-lined street in one of Costa Mesa’s most desirable rental submarkets. The property features an all–2-bedroom, 2-bathroom unit mix, with average unit sizes exceeding 1,000 square feet—a highly attractive configuration for long-term tenant demand.
Each unit includes a private patio or yard, enhancing livability and tenant retention. The asset also benefits from ample garage and off-street parking, a key competitive advantage in this area. One unit has been recently renovated, highlighting the value-add potential and upside in future rental growth.
Located near the shopping and dining along Harbor Boulevard and East 17th Street, with easy freeway access, 425 Ford Road represents a core Costa Mesa investment with strong fundamentals and long-term upside.
425 Ford Road offers a rare opportunity to acquire a single-story multifamily property on a quiet, tree-lined street in one of Costa Mesa’s most desirable rental submarkets. The property features an all–2-bedroom, 2-bathroom unit mix, with average unit sizes exceeding 1,000 square feet—a highly attractive configuration for long-term tenant demand.
Each unit includes a private patio or yard, enhancing livability and tenant retention. The asset also benefits from ample garage and off-street parking, a key competitive advantage in this area. One unit has been recently renovated, highlighting the value-add potential and upside in future rental growth.
Located near the shopping and dining along Harbor Boulevard and East 17th Street, with easy freeway access, 425 Ford Road represents a core Costa Mesa investment with strong fundamentals and long-term upside.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$147,346
|
$47.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,421
|
$1.42
|
| Effective Gross Income |
$142,925
|
$45.90
|
| Taxes |
$31,847
|
$10.23
|
| Operating Expenses |
$17,811
|
$5.72
|
| Total Expenses |
$49,658
|
$15.95
|
| Net Operating Income |
$93,268
|
$29.95
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $147,346 |
| Annual Per SF | $47.32 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $4,421 |
| Annual Per SF | $1.42 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $142,925 |
| Annual Per SF | $45.90 |
| Taxes (CAD) | |
|---|---|
| Annual | $31,847 |
| Annual Per SF | $10.23 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $17,811 |
| Annual Per SF | $5.72 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $49,658 |
| Annual Per SF | $15.95 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $93,268 |
| Annual Per SF | $29.95 |
Property Facts
| Price | $2,708,850 CAD | Building Class | B |
| Price Per Unit | $902,950 CAD | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 3,114 SF |
| Cap Rate | 3.44% | Average Occupancy | 100% |
| Gross Rent Multiplier | 18.08 | No. Stories | 1 |
| No. Units | 3 | Year Built/Renovated | 1962/2025 |
| Property Type | Multifamily | Parking Ratio | 1.93/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,708,850 CAD |
| Price Per Unit | $902,950 CAD |
| Sale Type | Investment |
| Cap Rate | 3.44% |
| Gross Rent Multiplier | 18.08 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 3,114 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1962/2025 |
| Parking Ratio | 1.93/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 3 | $4,158 CAD | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 419-202-01 | Total Assessment | $629,032 CAD |
| Land Assessment | $402,494 CAD | Annual Taxes | $31,847 CAD ($10.23 CAD/SF) |
| Improvements Assessment | $226,539 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
419-202-01
Land Assessment
$402,494 CAD
Improvements Assessment
$226,539 CAD
Total Assessment
$629,032 CAD
Annual Taxes
$31,847 CAD ($10.23 CAD/SF)
Tax Year
2025
1 of 18
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
3U - 425 Ford Road, Costa Mesa, CA 92627 | 425 Ford Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.