Charle Square Apartments | 2011-2013 Charle St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Charle Square Apartments 2011-2013 Charle St
16 Unit Apartment Building $7,250,000 ($453,125/Unit) 4.51% Cap Rate Costa Mesa, CA 92627
Investment Highlights
- True Turnkey Apartment Opportunity
- Fully Renovated Interiors and Exteriors
- Over $1 Million Spent in Cap Ex
- Great Costa Mesa Location
- In-Unit Laundry
- Low Maintenance Operations In Place
Executive Summary
Completely turnkey investment opportunity in Westside Costa Mesa, just off the 55 and close to Triangle Square. Over the past year, Charle Square Apartments has undergone a comprehensive renovation program with over $1,000,000 invested into upgrading the property.
Extensive renovation list provided with OM, all completed with necessary permits. Improvements are all completed with modern, high quality finishes, with a focus on continued low maintenance operations, providing a new owner ease of ownership with great cash flow at the start.
Extensive renovation list provided with OM, all completed with necessary permits. Improvements are all completed with modern, high quality finishes, with a focus on continued low maintenance operations, providing a new owner ease of ownership with great cash flow at the start.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $7,250,000 | Apartment Style | Low Rise |
| Price Per Unit | $453,125 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.60 AC |
| Cap Rate | 4.51% | Building Size | 9,159 SF |
| Gross Rent Multiplier | 14.13 | Average Occupancy | 100% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1962/2024 |
| Property Subtype | Apartment | Parking Ratio | 2.62/1,000 SF |
| Price | $7,250,000 |
| Price Per Unit | $453,125 |
| Sale Type | Investment |
| Cap Rate | 4.51% |
| Gross Rent Multiplier | 14.13 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.60 AC |
| Building Size | 9,159 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2024 |
| Parking Ratio | 2.62/1,000 SF |
Unit Amenities
- Dishwasher
- Ceiling Fans
- Stainless Steel Appliances
Site Amenities
- Courtyard
- Grill
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 570 |
1 of 1
Walk Score ®
Very Walkable (84)
Bike Score ®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 422-092-14 | Total Assessment | $374,695 |
| Land Assessment | $152,918 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $221,777 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
422-092-14
Land Assessment
$152,918
Improvements Assessment
$221,777
Total Assessment
$374,695
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | R3 |
| R3 |
-
Chris Pettit -
Skyline Commercial Real Estate
1 of 12
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Charle Square Apartments | 2011-2013 Charle St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.