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425 Ford Rd - 3U - 425 Ford Road, Costa Mesa, CA 92627 3 Unit Apartment Building Offered at $2,703,823 CAD at a 3.34% Cap Rate Costa Mesa, CA 92627
Investment Highlights
- All 2BR/2BA Single Story Units
- Recently Renovated Unit
- Garages + Off Street Parking
Executive Summary
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.
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 |
$143,608
|
$46.12
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,308
|
$1.38
|
| Effective Gross Income |
$139,299
|
$44.73
|
| Taxes |
$31,706
|
$10.18
|
| Operating Expenses |
$17,359
|
$5.57
|
| Total Expenses |
$49,065
|
$15.76
|
| Net Operating Income |
$90,235
|
$28.98
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $143,608 |
| Annual Per SF | $46.12 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $4,308 |
| Annual Per SF | $1.38 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $139,299 |
| Annual Per SF | $44.73 |
| Taxes (CAD) | |
|---|---|
| Annual | $31,706 |
| Annual Per SF | $10.18 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $17,359 |
| Annual Per SF | $5.57 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $49,065 |
| Annual Per SF | $15.76 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $90,235 |
| Annual Per SF | $28.98 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 3 | $4,052 CAD | - |
1 1
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (73)
Property Taxes
| Parcel Number | 419-202-01 | Total Assessment | $622,173 CAD |
| Land Assessment | $398,105 CAD | Annual Taxes | $31,706 CAD ($10.18 CAD/SF) |
| Improvements Assessment | $224,068 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
419-202-01
Land Assessment
$398,105 CAD
Improvements Assessment
$224,068 CAD
Total Assessment
$622,173 CAD
Annual Taxes
$31,706 CAD ($10.18 CAD/SF)
Tax Year
2025
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425 Ford Rd - 3U - 425 Ford Road, Costa Mesa, CA 92627
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