$14,650,000

365 W Wilson St Costa Mesa, CA 92627

Estimated payment $91,483/month

Total Views 863
3 Beds
2 Baths
29,374 Sq Ft
$499 Price per Sq Ft

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

Tyler Leeson

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

Property Details

Home Type

Apartment

Year Built

Built in 1969

Lot Details

0

Parking

2

Listing Details

  • CapRate: 4.73
  • Professional Management Expense: 32659.00
  • Property Attached: No
  • Water Sewer Expenses: 15239.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 41906103
  • Year Built: 1969
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 498.74

Exterior Features

  • Pool Features: Community
  • Pool Private: No

Garage/Parking

  • Carport Spaces: 36.00
  • Garage Spaces: 2.00
  • Total Parking Spaces: 55.00
  • Uncovered Spaces: 17.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 15239.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 55321.20
  • Lot Size Acres: 1.2700

Multi Family

  • Electric Expense: 15239.00
  • Fuel Expense: 15241.00
  • Gross Income: 1119795.00
  • Gross Multiplier: 13.08
  • Gross Operating Income: 1008024.00
  • Gross Scheduled Income: 1039200.00
  • Insurance Expense: 28500.00
  • Lot Size Area: 1.2700 Acres
  • Maintenance Expense: 30400.00
  • Net Operating Income: 692407.00
  • Number Of Separate Electric Meters: 38
  • Number Of Separate Gas Meters: 38
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 38
  • Operating Expense: 396212.00
  • Operating Expense Percent: 36.40
  • Other Income1: 80595.00
  • Other Income Description: RUBS/Laundry/Parking/Pet
  • Rent Control: No
  • Total Expenses: 396212.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 153492.00
  • Tax Lot: 15
  • Tax Tract Number: 57
  • TaxOtherAnnualAssessmentAmount: 15403.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25270919

California Regional Multiple Listing Service (CRMLS)