Costa Mesa Apartment Complex Sold for $8.6 Million
June 20, 2025 - 18:21
In a significant real estate transaction, an apartment complex in Costa Mesa has been sold for $8.6 million, translating to approximately $661,538 per unit. This property boasts a total of thirteen residential units, comprising eight two-bedroom cottages and five three-bedroom townhomes, all constructed in 1991.
The sale reflects the ongoing demand for housing in the Costa Mesa area, which has seen a steady increase in property values over the years. The diverse layout of the complex caters to a variety of tenants, making it an attractive investment for buyers looking to capitalize on the local rental market.
As urban centers continue to grow, properties like this one are becoming increasingly sought after, highlighting the importance of well-maintained residential spaces. Investors are keenly aware of the potential for rental income in such desirable locations, ensuring that properties like these remain a focal point in the real estate landscape.
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