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29561209
29561210

425 Ford, Costa Mesa, CA 92627

NG
CA 01521955
Gould Group Investment Real Estate
Listed by Gould Group Investment Real Estate
$1,948,000
121 days on market
Updated 11 days ago

425 Ford

Details
APN 41920201
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,114
Net Rentable (SqFt) 3,114
Units 3
Cap Rate 3.44%
NOI $67,071
Occupancy 100%
Pro-Forma Cap Rate 4.44%
Pro-Forma NOI $86,484
Price per SqFt $626
Broker Co-Op Yes
Class C
Year Built 1962
Year Renovated 2025
Buildings 1
Stories 1
Acreage 0.187
Zoning Assessor
Parking Spaces 6 spaces
Parking Per SqFt 1.93
Investment Type Value Add
Occupancy Date 02/04/2026
Ground Lease No
Ownership Fee Simple

Price Improved | All 2BR/2BA Single-Story Units | Private Outdoor Space

Marketing description

**Now offered at $1,948,000, presenting a compelling opportunity for investors seeking well-located Costa Mesa multifamily.** 425 Ford Road is a well-located triplex property in Costa Mesa featuring all 2-bedroom / 2-bathroom single-story units, each averaging approximately 1,000 square feet and offering private patio or yard space. The property provides a highly desirable unit mix with spacious floor plans, functional layouts, and strong long-term rental appeal. Situated on a quiet, tree-lined residential street, the asset is just minutes from the shopping, dining, and lifestyle amenities along Harbor Boulevard and East 17th Street, with convenient access to major freeways and employment centers throughout Orange County. The property offers garages and additional off-street parking, further enhancing tenant demand. Investors will appreciate the opportunity for continued rental upside through interior improvements and market rent growth in one of Costa Mesas most consistently strong rental submarkets.

Investment highlights

  1. All 2BR / 2BA Single-Story Units

  2. Average Unit Size ±1,000 SF

  3. Private Patios or Yard Areas

  4. Garages + Off-Street Parking

  5. Quiet, Tree-Lined Street

  6. Prime Costa Mesa Location Near 17th St & Harbor Blvd

  7. Value-Add Rental Upside

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Listing Contacts

NG
CA 01521955
Gould Group Investment Real Estate
Listed by Gould Group Investment Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$67,071.00
$5,589.25/mo

Valuation Metrics

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DSCR
3.44%
Cap Rate
3.44%
ROI

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