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291 293 Avocado Street

Costa Mesa, CA 92627
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Bed 0

Bed

Bath 0

Bath

SqFt18,012

Sqft

SqFt37,026

Sqft(Lot)

291 - 293 Avocado Street is a 24-unit multifamily property in Costa Mesa, California. The asset consists of two 12-unit buildings situated on contiguous parcels and arranged around a shared central courtyard. Built in 1965, the gated property offers approximately 18,012 rentable square feet and features a unit mix of 20 one-bed/one-bath units and 4 two-bed/one-bath units. The property provides 45 parking spaces (approximately 1.9 per unit), including a mix of surface, carport, and garage parking, along with an on-site laundry room. Ownership has completed several capital improvements, including a roof replacement, copper plumbing, and upgraded electrical subpanels. The property has also completed its SB-721 inspection with no required corrective work. 19 of the 24 units have been renovated , and rents are currently near market, supporting stable in-place income. The installation of in-unit washer/dryer hookups presents a potential enhancement, as this feature remains relatively uncommon among comparable properties yet is highly desirable to renters. The property also includes underutilized common area space that could be repositioned into amenities or, subject to city approval, may offer ADU potential. The property is located in a desirable Westside Costa Mesa setting with convenient access to nearby retail, dining, and major transportation corridors.

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Detail Ic Property Details

Property Type : Residential Income

Price : $9,595,000

AD Id : 77793367

MLS Id : OC26091598

Lot Size : 37,026 Sqft

Living Area Size : 18,012

Year Built : 1965

Garage : 9

County : Orange

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer

  • Building Information

    Year Built: 1965 Building Area Total: 18,012
  • Pool Features

    None

    Laundry Features

    Common Area

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.85
  • Lot Size Source: Assessor Lot Size Square Feet: 37026

  • Listing Price Information

    Original List Price: 9,595,000 Listing Contract Date: 2026-04-28
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 41907119

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 699 - Not Defined Directions: Cross Streets of Avocado Street & Fairview Road Source Property Type: Residential Income Area: 699 - Not Defined Property SubType: Apartment
  • Building and Construction

    Property Age: 61 Common Walls: No Common Walls Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: First level Levels or Stories: Two Building Total Stories: 2
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
137 The Masters Circle, Costa Mesa, CA, 92627 $2,280,000 4 4 3,887 3,887 SqFt
302 Canoe Pond, Costa Mesa, CA, 92627 $1,759,000 3 2 1,755 1,755 SqFt
315 University Drive, Costa Mesa, CA, 92627 $2,675,000 2 2 1,225 1,225 SqFt
341 Vista Baya, Costa Mesa, CA, 92627 $4,625,000 4 3 4,590 4,590 SqFt
132 E 23rd Street, Costa Mesa, CA, 92627 $1,695,000 3 2 1,881 1,881 SqFt
2197 Santa Ana Avenue, Costa Mesa, CA, 92627 $2,725,000 4 2 2,055 2,055 SqFt
2011 Tustin Avenue, Costa Mesa, CA, 92627 $1,995,000 3 -- 1,408 1,408 SqFt
305 Robinhood, Costa Mesa, CA, 92627 $3,695,000 5 3 2,863 2,863 SqFt
415 Walnut, Costa Mesa, CA, 92627 $3,295,000 3 2 1,430 1,430 SqFt
327 W Wilson #107, Costa Mesa, CA, 92627 $164,999 2 2 880 880 SqFt

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ByOwner last updated this listing 06/19/2026 @ 17:19

MLS: OC26091598 LISTED BY: Tyler Leeson, Marcus & Millichap RE Invest 949-419-3200 SOURCE: CRMLS

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