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2230 Canyon Dr
Costa Mesa, CA 92627 Westside Costa Mesa

$4,525,000 USD

Apartments For Sale  •  8,260 SF

Property Details

  • Property Type Apartments
  • Total Building Size 8,260 SF
  • Lot Size 0.35 AC
  • Building Class C
  • Year Built 1990
  • Cap Rate 4.12 %
34 Transit Score
58 Walk Score

Highlights

Seven spacious two-story, 2-bedroom/2.5-bath units with private patios and balconies; one unit features a large backyard.
Eight garages and eight surface spaces, with laundry hookups in every unit—highly desirable for renters, especially families.
Five units upgraded with shaker-style cabinetry, vinyl flooring, recessed lighting, and stainless-steel appliances.
Additional rental upside through continuing the proven interior renovation program.
Front and rear patios, balconies, and a private yard (select unit) create a unique living experience not commonly found in multifamily properties.
Located in a strong rental market near the coast, with long-term demand drivers that support rental growth and property value appreciation.

Financial Summary (Actual)

Net Operating Income: $186,344 USD (2025)
Cap Rate: 4.12 %
Total Expenses: $82,246 USD

Amenities

  • Washer/Dryer Hookup
  • Stainless Steel Appliances
  • Yard
  • Patio
  • Vinyl Flooring

Public Transportation

AirportDriveWalkDistance
John Wayne/Orange County 10 min - 5.6 mi
Long Beach (Daugherty Field) 29 min - 21.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: Surface
Included in Rent: Yes
Tyler Leeson 714-713-9086 Marcus & Millichap
Tyler Leeson 714-713-9086 Marcus & Millichap