365 W Wilson St Costa Mesa, CA 92627
Estimated payment $91,483/month
Highlights
- No HOA
- Community Pool
- Level Lot
- Costa Mesa High School Rated A-
- Laundry Room
- 4-minute walk to Wilson Street Park
About This Home
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 González 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 Mesa’s most in-demand neighborhoods.
Listing Agent
Marcus & Millichap RE Invest Brokerage Email: tleeson@marcusmillichap.com License #01451551 Listed on: 12/04/2025
Property Details
Home Type
- Apartment
Year Built
- Built in 1969
Lot Details
- 1.27 Acre Lot
- No Common Walls
- Level Lot
Parking
- 17 Open Parking Spaces
- 2 Car Garage
- 36 Carport Spaces
Home Design
- Entry on the 1st floor
Interior Spaces
- 29,374 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 15
- Tax Tract Number 57
- Assessor Parcel Number 41906103
- $15,403 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 38 Units
Amenities
- Laundry Facilities
Recreation
- Community Pool
Building Details
- 38 Separate Electric Meters
- 38 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $15,239
- Fuel Expense $15,241
- Insurance Expense $28,500
- Maintenance Expense $30,400
- Professional Management Expense $32,659
- Trash Expense $15,239
- Water Sewer Expense $15,239
- New Taxes Expense $153,492
- Operating Expense $396,212
- Gross Income $1,119,795
- Net Operating Income $692,407
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/08/2025 12/08/25 | Price Changed | $2,295 | 0.0% | $3 / Sq Ft |
| 12/04/2025 12/04/25 | For Sale | $14,650,000 | 0.0% | $499 / Sq Ft |
| 12/01/2025 12/01/25 | Price Changed | $2,325 | -1.1% | $3 / Sq Ft |
| 11/24/2025 11/24/25 | Price Changed | $2,350 | -1.1% | $3 / Sq Ft |
| 11/23/2025 11/23/25 | Price Changed | $2,375 | +5.6% | $3 / Sq Ft |
| 11/19/2025 11/19/25 | Price Changed | $2,250 | 0.0% | $3 / Sq Ft |
| 11/19/2025 11/19/25 | For Rent | $2,250 | +3.9% | -- |
| 01/11/2025 01/11/25 | Off Market | $2,165 | -- | -- |
| 09/18/2024 09/18/24 | Price Changed | $2,165 | +0.7% | $3 / Sq Ft |
| 08/15/2024 08/15/24 | Price Changed | $2,150 | -1.1% | $3 / Sq Ft |
| 07/10/2024 07/10/24 | Price Changed | $2,175 | -1.1% | $3 / Sq Ft |
| 02/28/2021 02/28/21 | For Rent | $2,200 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25270919
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