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377 Victoria Street

Costa Mesa, CA 92627
  • $1,100,000
  • STATUS: Active
  • ON SITE: 242 Days
  • MLS #: OC24144836
UPDATED: 59 min ago
$1,100,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1947
County:

School Ratings & Info

Listing Agent(s): Tyler Leeson of Marcus & Millichap RE Invest (949-419-3200)


Description

377 Victoria Street is a 2-unit multifamily investment property located in Costa Mesa, California. The property features a two-bedroom cottage in the front and a one-bedroom cottage in the rear. Each unit features a spacious private yard, a highly desirable feature for Costa Mesa renters. Additionally, the property offers ample privacy and parking, with a spacious driveway and 2 carport spaces. Residents benefit from 377 Victoria Streets excellent Costa Mesa location, within walking distance of a plethora of major retail centers. Located just steps away from the property are Gray Plaza, anchored by At Home, and Harbor Center, anchored by Home Depot and the newly opened Mercado Gonzalez Northgate Market. Additionally, the property is situated just over one-mile from Orange Coast College (OCC) and the O.C. Fair & Event Center, two major housing and economic drivers for the area. Furthermore, the propertys location, between Harbor Boulevard and State Route 55, provides residents with easy access to Costa Mesa hotspots including Triangle Square, 17th Street, and South Coast Plaza. The property benefits from its close proximity to State Routes 55 and 73, convenient access to major employment hubs including the South Coast Metro, Irvine Business District, and Newport Center. Given its Coastal Orange County location, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of area amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 377 Victoria Street.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-15T13:29:47.973. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
www.desertareahomesforsale.com/homes/152628678
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377 Victoria Street Costa Mesa, CA 92627

  • Price: $1,100,000
  • Status: Active
  • On Site: 242 Days
  • Updated: 59 min ago
  • MLS #: OC24144836
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1947
Built
Neighborhood:
699 - Not Defined
County:
Orange
Area:
699 - Not Defined
Property Description
377 Victoria Street is a 2-unit multifamily investment property located in Costa Mesa, California. The property features a two-bedroom cottage in the front and a one-bedroom cottage in the rear. Each unit features a spacious private yard, a highly desirable feature for Costa Mesa renters. Additionally, the property offers ample privacy and parking, with a spacious driveway and 2 carport spaces. Residents benefit from 377 Victoria Streets excellent Costa Mesa location, within walking distance of a plethora of major retail centers. Located just steps away from the property are Gray Plaza, anchored by At Home, and Harbor Center, anchored by Home Depot and the newly opened Mercado Gonzalez Northgate Market. Additionally, the property is situated just over one-mile from Orange Coast College (OCC) and the O.C. Fair & Event Center, two major housing and economic drivers for the area. Furthermore, the propertys location, between Harbor Boulevard and State Route 55, provides residents with easy access to Costa Mesa hotspots including Triangle Square, 17th Street, and South Coast Plaza. The property benefits from its close proximity to State Routes 55 and 73, convenient access to major employment hubs including the South Coast Metro, Irvine Business District, and Newport Center. Given its Coastal Orange County location, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of area amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 377 Victoria Street.
Exterior Features

Carport Spaces 2 Carport YN Yes Entry Level 1 Entry Location First Level Lot Features Street Level Number Of Separate Electric Meters 2 Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 2.4 Common Interest Community Apartment Community Features CurbsGutter(s)Sidewalks Electric Expense 220 Fuel Expense 220 Garage YN No Gross Income 46140 Gross Scheduled Income 46140 Insurance Expense 2185 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan1031 Exchange Maintenance Expense 1175 Net Operating Income 26415 New Construction YN No New Taxes Expense 11531 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 18341 Other Expense 2570 Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 220 Vacancy Allowance 1384 Vacancy Allowance Rate 3 Water Sewer Expense 220 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-15T13:29:47.973. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
 
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Desert Area Homes For Sale | Premier Properties
78115 Calle Estado #104
La Quinta CA, 92253
Listing Agent(s): Tyler Leeson of Marcus & Millichap RE Invest (949-419-3200)