Request More Info
Schedule a Showing
Share
Print
|
311 W. Wilson St is a 14-unit multifamily investment property located in the desirable coastal community of Costa Mesa, CA. The property features an excellent mix of 50% - 2 bedroom / 1 bathroom and 50% - 1 bedroom / 1 bathroom units with the upstairs units featuring vaulted ceilings and large semi-private front balconies, and downstairs units feature large semi-private front patios. 311 W Wilson provides a prospective buyer the opportunity to assume an attractive 4% loan in the amount of $2,850,000 with interest only payments available until September 1st 2025, with fully amortizing 4% payments until September 1st 2027. Potential investors will also benefit from extensive exterior and interior renovations recently completed. Building renovations include all new electrical sub and main panels, copper plumbing, stucco and paint, brand new carport and garage roofs, dual paned vinyl windows(majority), rain gutters and french drains, and a refurbished main building roof. Remodeled interiors featuring quartz counter tops, new stainless steel appliances, engineered wood flooring and tile, canned lighting, ceiling fans, and cabinetry in the bathrooms. Costa Mesa is one of the strongest performing rental markets in Orange Count, with tenants benefiting from the close proximity to the beach (3 Mi), and the robust shopping and entertainment that the Costa Mesa and Newport Beach communities offer such as South Coast Plaza, Fashion Island, the Balboa Peninsula, Triangle Square, Orange Coast College, and the OC Fair & Event Center. The city of Costa Mesa’s ADU Ordinance meets the minimum staterequirements. For more information, a buyer is to confirm with the city of Costa Mesa Planning Division.
Property Type(s):
Residential Income
| Last Updated | 1/11/2025 | Year Built | 1960 |
|---|---|---|---|
| Community | Not Defined | Garage Spaces | 2.0 |
| County | Orange |
Additional Details
| AREA | Not Defined |
|---|---|
| GARAGE | Yes |
| LOT | 0.48 acre(s) |
| LOT DESCRIPTION | Rectangular Lot |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with Brett Bayless, Broker
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
Twitter
Facebook
Email