293 Avocado St Costa Mesa, CA 92627
Estimated payment $60,116/month
Highlights
- No HOA
- Laundry Room
- Level Lot
- Costa Mesa High School Rated A-
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 uncommon among comparable properties yet is highly desirable to renters. The property also includes underutilized common area space that could be repositioned into amenities or, subject to city approval, may offer ADU potential. The property is located in a desirable Westside Costa Mesa setting with convenient access to nearby retail, dining, and major transportation corridors.
Listing Agent
Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 04/28/2026
Property Details
Home Type
- Apartment
Year Built
- Built in 1965
Lot Details
- 37,026 Sq Ft Lot
- No Common Walls
- Level Lot
- 41907118
Parking
- 21 Open Parking Spaces
- 9 Car Garage
- 15 Carport Spaces
Home Design
- Entry on the 1st floor
Interior Spaces
- 18,012 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Outdoor Features
- Exterior Lighting
- Rain Gutters
Listing and Financial Details
- Tax Lot 43
- Tax Tract Number 57
- Assessor Parcel Number 41907119
- $12,039 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 24 Units
Amenities
- Laundry Facilities
Building Details
- 24 Separate Electric Meters
- 24 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $13,584
- Fuel Expense $13,584
- Insurance Expense $24,000
- Maintenance Expense $24,000
- Professional Management Expense $21,524
- Trash Expense $13,584
- Water Sewer Expense $13,584
- New Taxes Expense $100,530
- Operating Expense $270,029
- Gross Income $738,520
- Net Operating Income $447,442
Map
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/28/2026 04/28/26 | For Sale | $9,595,000 | -- | $533 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC26091598
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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