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383 W Wilson St
Costa Mesa, CA 92627 Westside Costa Mesa

$4,650,000 USD

Apartments For Sale  •  7,920 SF

Property Details

  • Property Type Apartments
  • Total Building Size 7,920 SF
  • Lot Size 0.43 AC
  • Building Class C
  • Year Built 1965
  • Cap Rate 4.22 %
  • Zoning R3
40 Transit Score
60 Walk Score

Highlights

383 West Wilson Street: A turnkey asset featuring 12 fully renovated units (ten 1BD, two 2BD) with quartz countertops and modern upgrades.
ADU Upside: Fully approved plans to convert garages into 5 studio ADUs, boosting the unit count by 42% to 17 total units.
Streamlined ROI: With existing interiors already finished, new capital can be focused entirely on the 5-unit expansion.
Expansive 0.43-Acre Lot: A secure, gated property featuring a spacious central courtyard and on-site laundry facility.
Abundant Parking: 22 total spaces (13 garage, 9 surface) to comfortably support current tenants and future growth.
Prime Costa Mesa Location: Highly connected site near Harbor Blvd retail, Orange Coast College, the OC Fairgrounds, and SR-55.

Financial Summary (Actual)

Net Operating Income: $196,385 USD (2026)
Cap Rate: 4.22 %
Total Expenses: $126,430 USD

Amenities

  • Dishwasher
  • Laundry Facilities

Public Transportation

Commuter RailDriveWalkDistance
Tustin (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 14 min - 8.7 mi
AirportDriveWalkDistance
John Wayne/Orange County 8 min - 3.6 mi
Long Beach (Daugherty Field) 28 min - 21.1 mi
Los Angeles International 51 min - 40.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 9
Type: Surface
Included in Rent: Yes
Tyler Leeson 714-713-9086 Marcus & Millichap
Tyler Leeson 714-713-9086 Marcus & Millichap