135 Broadway, Costa Mesa, CA 92627

About this property

**HIGHLY MOTIVATED SELLER, PRICE REDUCED $215,000** We are pleased to offer this rare R2-HD zoned 7-unit apartment community, located at 135-37 Broadway on Costa Mesa's Eastside. This is the first time this building has ever been listed for sale and is being sold by the original builder's family. The building is comprised of (6) Studio units and (1) 1Bedroom/1-Bathroom unit. It is located just across the street from The Triangle and within walking distance of the E. 17th Street shopping and dining district. This opportunity offers investors the ability to renovate the current units and move rents up with the potential for 53% in the rental upside. The property zoning also off investors a long-term exit strategy for higher-density development.

Listing description from the February 2023 sale, as reported to CRMLS.

Sale history

$2,450,000

Sold February 2023 · listed $2,935,000, orig. $3,150,000, on market May 2022 · MLS #PW22120993 · Source: CRMLS

Listing Agent: Nick Gould · Listing Office: Morgan Skenderian · Contact: 949-251-8800 · Bought with: Cameron Jacques · Kinnery's Brokerage House

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