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$5,995,000
34 Days Online

617 Victoria Street
Costa Mesa, CA 92627

For Sale|Multi-Family|Active
County:
Orange
Listed by ALBERT LE of LE INVESTMENT GROUP 909-256-7889
Call Now: 949.629.4400
Is this the home for you? We can help make it yours.
949.629.4400
617 Victoria Street617 Victoria Street617 Victoria Street617 Victoria Street
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**MILLION DOLLAR PRICE REDUCTION, SELLER WILL MOVE THIS ASSET. ALL OFFERS ARE ENCOURAGED** Introducing an exceptional investment opportunity at 615-617 Victoria Street, brought to you by Le Investment Group and Gould Group. Spanning three parcels, totaling 1.32 acres, the property presents an array of prospects. Currently there are 12 single-story residences, each with 2 bedrooms and 1 bathroom, a single-car garage, washer/dryer hookups, and private patio. Nestled within the property is a sprawling tree lined, grassy courtyard. With strategic renovations, savvy investors stand to unlock substantial rental upside, potentially exceeding 40% on the existing units alone. Furthermore, ADU regulations established by the city of Costa Mesa present the opportunity to add more units, amplifying rental income and elevating the property's overall value. For developers seeking a larger project in the Costa Mesa market, this property is an unparalleled find. Positioned in the Mesa West Residential Urban Plan, these parcels offer a rare chance for redevelopment, allowing for the creation of new apartments or saleable units with increased density compared to other opportunities in the area. Plus, it is located in an Opportunity Zone. Don't miss out on this investment opportunity, combining current rental income potential with significant future growth prospects.

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Listing Snapshot
Price 
$5,995,000
Days Online 
34 Days
Bedrooms 
N/A
Inside Area (SqFt) 
9,240 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.46 Acres
Year Built 
1955
MLS® Number 
IV24120357
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a week agoListing updated with changes from the MLS®
a week agoPrice changed to $5,995,000
a month agoListing first seen online
General Features
Parking Spaces 
12
Sewer 
Public Sewer
Number of Stories 
1
Acreage 
0.46
Water 
Public
Property Sub Type 
Apartment
Garage Spaces 
12
Listing Conditions 
Standard
Interior Features
Laundry Features 
None
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Exterior Features
Pool Features 
None
Lot 
Item1115 Units Acre
Community Features
Community Features 
Suburban
Senior Community 
No
MLS Area 
699 - Not Defined


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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