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31869197
31869196

777 W 19th St, Costa Mesa, CA 92627

AM
CA 01845973
Marcus & Millichap - Orange County
Marcus & Millichap
Listed by Marcus & Millichap - Orange County, Marcus & Millichap
$5,450,000
374 days on market
Updated 44 days ago
Opportunity zone

Prime Coastal Office I Residential Development

Details
APN 424-201-03
Property Type Multifamily, Mixed Use (+1)
Sub Type Apartment Building, Traditional Office
Square Footage 11,326
Net Rentable (SqFt) 11,326
Units 29
NOI $97,642
Occupancy 72.3%
Tenancy Multi
Class C
Year Built 1986
Buildings 2
Stories 2
Acreage 0.730
Zoning C-1
Parking Spaces 29 spaces
Parking Per SqFt 2.56
Investment Type Redevelopment
Ground Lease No
Ownership Fee Simple

Multifamily | 29 Units

Marketing description

Marcus & Millichap is pleased to present the opportunity to acquire a well positioned, two-story professional office building totaling 11,326 square feet, located on a 0.73-acre parcel at 777 W 19th Street in Costa Mesa, California — just minutes from the coastal lifestyle and affluence of Newport Beach.

Situated along a highly trafficked corridor with over 21,000+ vehicles passing daily and close to key transit routes and bike-friendly infrastructure, the property offers strong visibility and accessibility. The site includes 49 surface parking spaces and is well suited for a variety of uses, including professional office, retail, mixed-use, or hospitality.

Located within close driving distance of Triangle Square — a premier destination for shopping, dining, and entertainment — the property enjoys adjacency to popular lifestyle amenities that drive foot traffic and reinforce long-term value. Surrounding businesses, fitness centers, and boutique retail enhance the area’s dynamic, consumer-oriented character.

Zoned C1 (Local Business District), the property supports a flexible range of potential uses and adaptive reuse options. Its strategic location near the CA- 55 Freeway and Pacific Coast Highway enables efficient access throughout Orange County, including to major employment and residential hubs in Newport Beach, Huntington Beach, and Irvine.

Offered at $5,450,000, this asset presents an outstanding opportunity for an owner-user, investor, or developer to secure a high-quality property in a prime and supply-constrained coastal submarket.

Investment highlights

Prime Location - Ideally located on West 19th Street in the Heart of Costa Mesa , just minutes from Newport Beach with over 21,000 vehicles per day Within 2 Residential Overlays for Redevelopment

Zoning & Development Potential - C1 Zoning Allows Broad Use Flexibility which allows for professional office, retail, mixed-use, hospitality, and Cannabis Uses

Neighborhood Appeal - Located near the Costa Mesa - Newport Beach Boarder in a Dense, High-Demand Area

Transit & Accessibility - Immediate Access to CA-55 Freeway, connecting to I-405, SR-73, I-5, and Highway-1 (PCH)

Listing Contacts

AM
CA 01845973
Marcus & Millichap - Orange County
Marcus & Millichap
Listed by Marcus & Millichap - Orange County, Marcus & Millichap

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$97,642.00
$8,136.83/mo

Valuation Metrics

0
DSCR
1.79%
Cap Rate
1.79%
ROI

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Additional Information

Name
Alex Mobin
License
01845973
Brokerage Phone
9494193276
Brokerage Address
19800 Macarthur Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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