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Prime Coastal Office I Residential Develop. 777 W 19th St 11,326 SF 100% Leased Office Building Costa Mesa, CA 92627 $7,464,919 CAD ($659.10 CAD/SF) 1.79% Cap Rate



Investment Highlights
- Prime Location - West 19th Street Frontage with Over 21,000 VPD
- Cannabis Use is also Permitted with a Conditional Use Permit
- Zoning & Opportunity - Located in an Area with 2 Overlay Districts - Various Residential Opportunities
- Property is Located in Newport Beach / Costa Mesa Border
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire a well-positioned, two-story professional office building totaling 11,356 square feet, located on a 0.73-acre parcel at 777 W 19th Street in Costa Mesa, California and just minutes from the coastal lifestyle and affluence of Newport Beach. Situated along a highly trafficked corridor with over 21,000+ vehicles passing daily and close to key transportation infrastructure, the property offers strong visibility and accessibility. The site includes 49 surface parking spaces and is well suited for a variety of uses, including professional office, retail, mixed-use, or hospitality. Located within close driving distance of Triangle Square—a premier destination for shopping, dining, and entertainment—the property benefits from adjacency to popular lifestyle amenities that drive foot traffic and reinforce long-term value. Surrounding businesses, fitness centers, and boutique retail enhance the area’s dynamic, consumer-oriented character. Zoned C1 (Local Business District), the property supports a flexible range of potential uses and adaptive reuse options.
Its strategic location near the CA55 Freeway and Pacific Coast Highway enables efficient access to key destinations throughout Orange County, including major employment and residential hubs in Newport Beach, Huntington Beach, and Irvine. Offered at $5,450,000, this asset presents an outstanding opportunity for an owner-user, investor, or developer to secure a high-quality property in a prime and supply-constrained coastal submarket.
Its strategic location near the CA55 Freeway and Pacific Coast Highway enables efficient access to key destinations throughout Orange County, including major employment and residential hubs in Newport Beach, Huntington Beach, and Irvine. Offered at $5,450,000, this asset presents an outstanding opportunity for an owner-user, investor, or developer to secure a high-quality property in a prime and supply-constrained coastal submarket.
Financial Summary (Actual - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
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-
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| Other Income |
-
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-
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| Vacancy Loss |
-
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-
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| Effective Gross Income |
-
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-
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| Net Operating Income |
$99,999
|
$9.99
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Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Building Size
11,326 SF
Building Class
C
Year Built
1986
Price
$7,464,919 CAD
Price Per SF
$659.10 CAD
Cap Rate
1.79%
NOI
$133,741 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,663 SF
Building FAR
0.36
Lot Size
0.73 AC
Opportunity Zone
Yes
Zoning
C-1 - Local Business District - Residential Development Opportunity
Parking
49 Spaces (4.33 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Property Manager on Site
- Signage
- Balcony
Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 424-201-03 | Improvements Assessment | $822,385 CAD (2025) |
| Land Assessment | $4,532,884 CAD (2025) | Total Assessment | $5,355,269 CAD (2025) |
Property Taxes
Parcel Number
424-201-03
Land Assessment
$4,532,884 CAD (2025)
Improvements Assessment
$822,385 CAD (2025)
Total Assessment
$5,355,269 CAD (2025)
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Prime Coastal Office I Residential Develop. | 777 W 19th St
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