383 West Wilson Street
$4,620,000
3
12
7,920
7,920
$583
Description
383 West Wilson Street is a 12-unit multifamily investment property located in Costa Mesa, California. The property offers a mix of 10, one-bedroom units and 2, two-bedroom units. All units have undergone substantial renovations that include fresh paint, vinyl and carpet flooring, quartz countertops, appliances, bathrooms, and more. Amenities at 383 West Wilson Street include ample garage and surface parking, and an on-site laundry facility. Residents benefit from 383 West Wilson Street’s excellent...383 West Wilson Street is a 12-unit multifamily investment property located in Costa Mesa, California. The property offers a mix of 10, one-bedroom units and 2, two-bedroom units. All units have undergone substantial renovations that include fresh paint, vinyl and carpet flooring, quartz countertops, appliances, bathrooms, and more. Amenities at 383 West Wilson Street include ample garage and surface parking, and an on-site laundry facility. Residents benefit from 383 West Wilson 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 less than one-mile from Orange Coast College (OCC) and the O. C. Fairgrounds, 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. The Costa Mesa submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 96.5 percent (Q4 2023) and average year-over-year effective rent growth of 8.9 percent (between 2021 to 2023), demonstrating the strong demand for rental housing. Costa Mesa’s coastal location, strong economic growth, and unmatched local attractions have made it one of Southern California’s most desirable and versatile markets. 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 383 West Wilson Street.
- Listed by Tyler Leeson • DRE #01451551 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest • tleeson@marcusmillichap.com
Property Details for 383 West Wilson Street
Parking Spaces Total
23
Private PoolNo
Total Units12.0
Building TypeDetached
Lot Size SourceAssessor
Living Area7920
Assessor Parcel Number419-032-04
Property Attached YNfalse
LISTING UPDATED: 10/15/2024 03:57 AM
Property Details for 383 West Wilson Street
Status | Active |
---|---|
MLS # | OC24096600 |
Days on Market | 231 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1965 |
County | Orange County |
Building Information for 383 West Wilson Street
Building/Complex383 W Wilson StFloor-Stories2Residences-Pet Policy-Year Built1965Building Size-
Property Information for 383 West Wilson Street
Property History for 383 West Wilson Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 383 West Wilson Street
Taxable ValueLand$3,846,879Additions$530,604Total$4,377,483
Tax Record2024$51,187 ($4,266 / month)
Home Facts
Total Finished SqFt7,920 SqFtAbove Grade Finished SqFt7,920 SqFtStories2Lot Size18,915 SqFtStyleMulti-Family Res (5+ Units)Year Built1965CountyORANGEAPN419-032-04
Schools near 383 West Wilson 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 - | 9 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 | ||
Back Bay High School Public9 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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