1032 W Wilson Street, Costa Mesa, CA 92627

About this property

Pride of ownership, turnkey asset with rental upside along the coast. Fairview Park Townhomes is a 24-unit apartment community that’s located within steps from Canyon Park, Talbert Nature Preserve, and the Santa Ana River trail. Fairview Park Townhomes is the perfect multifamily investment for the right investor, an opportunity to acquire a value-add asset in one of the nation’s hottest submarkets. The two-story community features spacious two-bedroom floor plans with an average size of 1,028 square feet. Built-in 1961, it comprises 6 residential buildings totaling 24,685 rentable square feet on a 2.0-acre site. The property boasts a swimming pool, laundry rooms, private patios, leasing office, storage area, lush landscaping, and garage parking.

Listing description from the January 2022 sale, as reported to CRMLS.

Sale history

$12,200,000

Sold January 2022 · listed $12,950,000, on market September 2021 · MLS #OC21197339 · Source: CRMLS

Listing Agent: Brett Bayless · Listing Office: Brett Bayless, Broker · Contact: 949-887-2465 · Bought with: Mike Marcu · Mike Marcu, Broker

$7,500,000

Sold July 2016 · listed $8,500,000, orig. $9,000,000, on market January 2016 · MLS #PW16013496 · Source: CRMLS

Listing Agent: Todd Palmateer · Listing Office: First Team Real Estate · Contact: 714-544-5456 · Bought with: PWRNONMEMBER PWRNONMEMBER · PWNONMEMBER

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