1540 Superior Ave | Costa Mesa, CA 92627
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- LoopNet Team
1540 Superior Ave
Costa Mesa, CA 92627
Multifamily Property For Sale
·
9 Units
INVESTMENT HIGHLIGHTS
- The project consists of nine well-appointed 3-bedroom, 2.5-bathroom townhomes with dedicated office spaces, private decks, and garages.
- The projected average sale price per unit is $1,767,778, equating to $938 per square foot, with total revenue estimated at $15,910,000.
- The project is expected to generate a net profit of $3,828,900 over two years, yielding a profit margin of 31.7%.
- Unit sizes range from 1,737 to 2,261 square feet.
- Total project costs amount to $12,081,100, with direct construction costs of $3,915,750 ($230 per square foot).
- All units are designed with modern layouts, including office spaces, & private decks.
PROPERTY FACTS
| No. Units | 9 | Construction Status | Proposed |
| Property Type | Multifamily | Building Size | 17,025 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Lot Size | 0.44 AC | Parking Ratio | 1.59/1,000 SF |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.44 AC |
| Construction Status | Proposed |
| Building Size | 17,025 SF |
| No. Stories | 3 |
| Parking Ratio | 1.59/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 9 | - | 1,737 - 2,261 |
PROPERTY TAXES
| Parcel Number | 425-351-06 | Improvements Assessment | $630,266 |
| Land Assessment | $1,823,872 | Total Assessment | $2,454,138 |
PROPERTY TAXES
Parcel Number
425-351-06
Land Assessment
$1,823,872
Improvements Assessment
$630,266
Total Assessment
$2,454,138
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