Property History
Property Type
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Marketing Description
Built in 1963, 755 W 18th Street - Villa West Apartments, is a 36-unit apartment building composed of 9 detached buildings with a total square footage of 35,874 and a unit mix of (36) 2 bedroom +1.5 bathroom units. Each unit is 825 Sq. Ft, equating to 29,700 Net Rentable Sq. Ft.Situated on a 1.58 acre lot (68,825 Sqft), the property provides a wide range of amenities including controlled access with gated entry, carport parking with 60 parking spaces, an on-site managers office, on-site laundry facilities, community courtyard, pool, and private patios for tenants.The Villa West Apartments is just one mile away from the Pacific Coast, and located near Orange Coast College, Vanguard University, the OC Fair & Event Center, and South Coast Plaza, which are all major employment and housing drivers for the area. The property is in close proximity to the best shopping, dining, and entertainment that Costa Mesa has to offer. 9 total property APN's included in sale: 424-055-04, 424-055-05, 424-055-06, 424-055-07, 424-055-08, 424-055-09, 424-055-10, 424-055-11, 424-055-12.
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Investment Highlights
- Opportunity Zone
- First Time on the Market in 58 Years
- Stellar Costa Mesa Location
- True Value Add Opportunity
- High Demand Rental Area
Loan History
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Rental Market Overview
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Newport Beach, CA
Fountain Valley, CA

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