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32882072
32882075

1806 - 1810 Newport Boulevard, Costa Mesa, CA 92627

CH
SRS Real Estate Partners Newport Beach
JP
KY 306936
Listed by SRS Real Estate Partners Newport Beach
$4,300,000
13 days on market
Updated 13 days ago

1810 Newport Boulevard

Details
APN 425-451-03 & 425-451-04
Property Type Retail
Sub Type Storefront, Shopping Center
Square Footage 4,975
Units 5
Occupancy 90%
Tenancy Multi
Pro-Forma Cap Rate 5.03%
Price per SqFt $864
Year Built 1929
Year Renovated 1946
Buildings 3
Acreage 0.230
Zoning C2: General Business District
Parking Spaces 9 spaces
Parking Per SqFt 1.81
Investment Type Owner/User
Ownership Fee Simple (Land & Building Ownership)

Retail | 4,975 SqFt

Marketing description

SRS Capital Markets is pleased to present the opportunity to acquire a fee simple interest in 1810 Newport Boulevard, a highly visible multi-tenant retail asset located at the confluence of Newport Blvd and Harbor Blvd, one of the busiest intersections in all of Orange County. The offering consists of three buildings on two parcels totaling ±0.23 acres with approximately ±4,975 SF of building area. Five units occupy the site, including three storefront spaces fronting Newport Blvd, which sees a remarkable ±92,000 vehicles per day. Two additional rear units are currently used for office and storage. A private pedestrian walkway connects the rear parking area to the Newport Blvd sidewalk.

The street-facing units include 1806-Barbershop, an L-shaped space with a front retail area and a large private entertainment room that has long been home to Hawleywood's Barbershop, founded by the creator of the men's grooming brand, Layrite; 1808-Jewelry Shop, an efficient 14' x 50' retail unit with 10-foot ceilings; and 1810 #A/B-Fitness Studio, an approximately 18' x 50' space with 12-foot ceilings and expansive glass windows.

The property includes nine dedicated on-site parking spaces plus shared access to the City of Costa Mesa public lot behind the site. Zoned C2-General Business, the property supports a wide range of commercial uses and benefits from AB 2097, eliminating minimum parking requirements due to nearby transit. All tenants are currently month-to-month, creating flexibility for an owner-user or value-add investor. This offering presents a rare opportunity to acquire a generational asset along one of Costa Mesa's most traveled corridors while generating immediate rental income from day one.

Investment highlights

  • Costa Mesa, California Orange County Los Angeles-Long Beach-Anaheim MSA
  • Newport Boulevard/State Highway 55: 1 Access Point Permian Way: 1 Access Point
  • Newport Boulevard/State Highway 55: 92,000 VPD Pacific Coast Highway/State Highway 1: 65,000 VPD
  • There is approximately 4,975 SF of existing building area
  • 9 Dedicated Parking Stalls + City Parking Lot in the Back
  • Parcel Number: 425-451-03 & 425-451-04 Acres: 0.23 Square Feet: 10,192
  • Year Built: 1929, 1946
  • C2: General Business District (Click Here for Full List of Permitted Uses)
  • Located at Newport Blvd & Harbor Blvd with approximately ±92,000 vehicles passing daily
  • All tenants are month-to-month, allowing immediate occupancy or repositioning
  • No minimum parking requirements due to proximity to major transit
  • Five rentable units across three buildings
  • Three storefront units with strong visibility and signage exposure
  • Flexible tenancy allows repositioning to market rents
  • UNIT 1806 - Barbershop
  • Front Retail Area & Reception
  • In-Suite Restroom
  •  Open Layout
  • Includes ±900 SF Private Event/ Entertainment Room with Dedicated Music Stage in Rear
  • Unit 1808 - Jewelry Shop
  • Display Counter & Showroom
  • secure Storage & Office
  • Modern Finishes & Lighting In-Suite Restroom
  • Unit 1810 A&B - Fitness Studio
  • Open Floor Plan (18’ x 50’)
  • Large Display Windows
  •  Restrooms & Locker Area
  •  Premium Build-Out
  • Unit 1810 C - Office
  • Executive Office
  • Dual Workstations
  •  Natural Light
  • In-Suite Restroom

Listing Contacts

CH
SRS Real Estate Partners Newport Beach
JP
KY 306936
Listed by SRS Real Estate Partners Newport Beach

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