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291 293 Avocado Street, Costa Mesa, CA 92627

Costa Mesa
Local realty services provided by:CENTURY 21 LOTUS
291 293 Avocado Street,Costa Mesa, CA 92627
$9,595,000
  • - Beds
  • - Baths
  • 18,012 sq. ft.
  • Multi-family
  • Active
Listed by: tyler leeson
Office: marcus & millichap re invest949-419-3200
MLS#:OC26091598
Source:CRMLS

Price summary

  • Price:$9,595,000
  • Price per sq. ft.:$532.7

About this home

291 - 293 Avocado Street is a 24-unit multifamily property in Costa Mesa, California. The asset consists of two 12-unit buildings situated on contiguous parcels and arranged around a shared central courtyard. Built in 1965, the gated property offers approximately 18,012 rentable square feet and features a unit mix of 20 one-bed/one-bath units and 4 two-bed/one-bath units. The property provides 45 parking spaces (approximately 1.9 per unit), including a mix of surface, carport, and garage parking, along with an on-site laundry room. Ownership has completed several capital improvements, including a roof replacement, copper plumbing, and upgraded electrical subpanels. The property has also completed its SB-721 inspection with no required corrective work. 19 of the 24 units have been renovated, and rents are currently near market, supporting stable in-place income. The installation of in-unit washer/dryer hookups presents a potential enhancement, as this feature remains relatively...

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Home facts

  • Year built:1965
  • Listing ID #:OC26091598
  • Added:99 day(s) ago
  • Updated:August 06, 2026 at 11:11 AM

Rooms and interior

  • Living area:18,012 sq. ft.

Structure and exterior

  • Year built:1965
  • Building area:18,012 sq. ft.
  • Lot area:0.85 Acres
  • Lot Features:Street Level
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$9,595,000
  • Price per sq. ft.:$532.7

Parking

  • Total parking spaces:45
  • Parking description:15 Carport Space(s)
  • Garage:Yes
  • Garage spaces:9
  • Carport spaces:15
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