Nara Advisors
Listed by Nara Advisors
$8,350,000
184 E 21st St
Details
APN 42613122
Property Type Multifamily
Sub Type Apartment Building
Units 10
Buildings 5
Stories 1
Acreage 0.860
Zoning Public Rec
Multifamily | 10 Units
Marketing description
First time on market in 37 years! 184 E 21st Street is a rare opportunity to acquire a 10-unit multifamily property in Eastside Costa Mesa, one of Orange Countys most sought-after submarkets. This opportunity features (10) spacious 3-bed/2-bath units. Additionally, each unit comes with an attached 1-car garage and exterior on-site parking spaces, enhancing tenant demand and providing additional income potential. Situated in Eastside Costa Mesa, residents enjoy quick access to Newport Beach, Hoag Hospital, a plethora of dining options, and Triangle Square, placing it at the heart of premier employment and lifestyle amenities. The areas strong renter demand and limited new supply continue to drive consistent long-term growth. The property is also in very close proximity to various freeways, allowing convenient transit for tenants. There is an ability to further enhance yield with the implementation of a RUBS system to minimize the expense for water and trash. This combination of strong rent growth, long term appreciation, and a prime location makes 184 E 21st Street a standout investment in todays Orange County multifamily market.
Listing Contacts
Nara Advisors
Listed by Nara Advisors
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