365 Wilson Street, Costa Mesa, CA 92627
  • MLS#: OC25270919 ( Apartment )
  • Street Address: 365 Wilson Street
  • Viewed: 4
  • Price: $14,650,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1969
  • Bldg sqft: 0
  • Days On Market: 13
  • Additional Information
  • County: ORANGE
  • City: Costa Mesa
  • Zipcode: 92627
  • Subdivision: Other (othr)
  • Provided by: Marcus & Millichap RE Invest
  • Contact: Tyler Tyler
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Pointe Mesa is a 38 unit multifamily community located at 365 West Wilson Street in the highly desirable city of Costa Mesa, California. Built in 1969 on a generous 1.27 acre parcel, the property offers a well balanced mix of one and two bedroom floor plans, including multiple units with private patios. Pointe Mesa features a streamlined unit mix of 1 junior one bedroom, 27 one bedroom units (12 with private patios), and 10 two bedroom/one bath units (5 with private patios). A total of 24 units have been renovated to differing levels with most renovated units featuring vinyl plank flooring, quartz or granite countertops, modern lighting fixtures, ceiling fans, and more. Community amenities include gated pedestrian and vehicle access, a swimming pool, built in BBQs, on site laundry, and abundant parking with 36 carport spaces, 17 surface spaces, and 2 garage spaces. The property is stabilized with near market rents, with modest upside remaining through the continuation of the existing renovation plan. Centrally located in Costa Mesa, Pointe Mesa offers walkable access to Wilson Park, College Park Elementary School, and nearby retail along Harbor Boulevard, including Gray Plaza and Harbor Center, anchored by the popular Mercado Gonzlez Northgate Market. The property is minutes from Triangle Square, Orange Coast College, and the OC Fair & Event Center, with convenient access provided by Harbor Boulevard and State Route 55. With its strong location, renovated interiors, and consistently stable performance, Pointe Mesa represents an attractive opportunity to acquire a well positioned asset in one of Costa Mesas most in demand neighborhoods.
Property Location and Similar Properties
Request More Information
  • All fields are required.
Contact Patrick Adams
Contacting Patrick Adams
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Check this box to Register with us:
Features
Association Fee
  1. 0.00
Building Area Total
  1. 29374.00
Carport Spaces
  1. 36.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Country
  1. US
Electric Expense
  1. 15239.00
Entry Location
  1. First level
Fuel Expense
  1. 15241.00
Garage Spaces
  1. 2.00
Insurance Expense
  1. 28500.00
Laundry Features
  1. Community
Levels
  1. Two
Lot Features
  1. Level with Street
Netoperatingincome
  1. 692407.00
Newtaxesexpense
  1. 153492.00
Number Of Separate Electric Meters
  1. 38
Number Of Separate Gas Meters
  1. 38
Otherincome1
  1. 80595.00
Otherincomedescription
  1. RUBS/Laundry/Parking/Pet
Parcel Number
  1. 41906103
Pool Features
  1. Community
Professionalmanagementexpense
  1. 32659.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 452979306:CRM
Subdivision Name Other
  1. Other
Totalexpenses
  1. 396212.00
Trash Expense
  1. 15239.00
Uncovered Spaces
  1. 17.00
Vacancyallowance
  1. 31176
Water Sewer Expense
  1. 15239.00
Water Source
  1. Public
Year Built
  1. 1969
Year Built Source
  1. Assessor