377 Victoria Street

Costa Mesa, CA 92627

$1,100,000
Price
3
Beds
2
Baths
1,526 Sq. Ft.
$721 / Sq. Ft.
1,526
Sq. Ft.
$721
per Sq. Ft.

Description

377 Victoria Street is a 2-unit multifamily investment property located in Costa Mesa, California. The property features a two-bedroom cottage in the front and a one-bedroom cottage in the rear. Each unit features a spacious private yard, a highly desirable feature for Costa Mesa renters. Additionally, the property offers ample privacy and parking, with a spacious driveway and 2 carport spaces. Residents benefit from 377 Victoria Street’s excellent Costa Mesa location, within walking distance of...377 Victoria Street is a 2-unit multifamily investment property located in Costa Mesa, California. The property features a two-bedroom cottage in the front and a one-bedroom cottage in the rear. Each unit features a spacious private yard, a highly desirable feature for Costa Mesa renters. Additionally, the property offers ample privacy and parking, with a spacious driveway and 2 carport spaces. Residents benefit from 377 Victoria Street’s excellent Costa Mesa location, within walking distance of a plethora of major retail centers. Located just steps away from the property are Gray Plaza, anchored by At Home, and Harbor Center, anchored by Home Depot and the newly opened Mercado Gonzalez Northgate Market. Additionally, the property is situated just over one-mile from Orange Coast College (OCC) and the O. C. Fair & Event Center, two major housing and economic drivers for the area. Furthermore, the property’s location, between Harbor Boulevard and State Route 55, provides residents with easy access to Costa Mesa hotspots including Triangle Square, 17th Street, and South Coast Plaza. The property benefits from its close proximity to State Routes 55 and 73, convenient access to major employment hubs including the South Coast Metro, Irvine Business District, and Newport Center. Given its Coastal Orange County location, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of area amenities. This overall demand for well-located apartments will be a key driver in the continued growth at 377 Victoria Street.
  1. Listed by Tyler Leeson • DRE #01451551 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest • tleeson@marcusmillichap.com

Property Details for 377 Victoria Street

Parking Spaces Total
2
Private Pool
No
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1526
Assessor Parcel Number
419-172-06
Property Attached YN
false
LISTING UPDATED: 12/31/2024 12:26 AM

Property Details for 377 Victoria Street

StatusActive
MLS #OC24144836
Days on Market175
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size0.14 AC / 6,098 SF
CountyOrange County

Building Information for 377 Victoria Street

Stories1Residences-Year Built1947Building Size-Lot Size0.14 AC / 6,098 SF

Property Information for 377 Victoria Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $46,140
  • Gross Scheduled Income: $46,140
  • Vacancy Allowance: 1384
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $44,756
  • Net Operating Income: $26,415
  • Gross Multiplier: 23.84
  • Cap Rate: 2.4
Expense Details
  • Operating Expense: $18,341
  • Operating Expense Percent: 41.00%
  • New Taxes Expense: $11,531
  • Fuel Expense: $220
  • Electric Expense: $220
  • Insurance Expense: $2,185
  • Maintenance Expense: $1,175
  • Other Expense: $2,570
  • Other Expense Description: Misc
  • Trash Expense: $220
  • Water Sewer Expense: $220
  • Total Expenses: $18,341
Tax / Assessment Info
  • Tax Tract Number: 9
  • Tax Census Tract: 637.02
  • CFD/Mello-Roos Fee: $1,270
  • Tax Lot: 18
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: First Level
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 2
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,820
  • Unit Type Total Rent: $1,820
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,025
  • Unit Type Total Rent: $2,025
  • Unit Type Pro Forma: 2750
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 377 Victoria Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 377 Victoria Street

This home is within Newport-Mesa Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 12
Public - K to 6
Public - K to 12
Rating
School
Distance
College Park Elementary School
PublicK to 6

Costa Mesa High School
Public7 to 12

Maude B. Davis Elementary School
PublicK to 6

Monte Vista High School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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377 Victoria Street is a multi-family home for sale in Costa Mesa, CA 92627. This property was listed for sale on July 15, 2024 by Marcus & Millichap RE Invest, it's currently listed at $1,100,000. This listing's school district is Newport-Mesa Unified School District. Nearby schools include College Park Elementary School, Costa Mesa High School and Maude B. Davis Elementary School. 377 Victoria Street is a 3-bed, 2-bath, 1,526 sqft multi-family home built in 1947.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.