311 Wilson Street, Costa Mesa

$5,700,000

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3

Beds

2

Baths

0.48

Acres

Listing Agent
Brett Bayless - Brett Bayless, Broker

About 311 Wilson Street

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 bed/ 1 bath and 50% - 1 bed / 1 bath 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 County, 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 state requirements. For more information, a buyer is to confirm with the city of Costa Mesa Planning Division.

Features of 311 Wilson Street

MLS® # OC25007279
Price $5,700,000
Bedrooms 3
Bathrooms 2.00
Acres 0.48
Year Built 1960
Type Residential Income
Sub-Type Mixed Use
Status Active

Community Information

Address 311 Wilson Street
Area 699 - Not Defined
City Costa Mesa
County Orange
Zip Code 92627

Amenities

Parking Spaces 23
# of Garages 2
Is Waterfront No
Has Pool No
Pool None

Interior

Has Basement No
Fireplace No
# of Stories 2
Stories Two

Exterior

Lot Description Rectangular Lot
Windows Double Pane Windows

Additional Information

Date Listed January 10th, 2025
Days on Market 28
Foreclosure No
Short Sale No
RE / Bank Owned No
Leased Land Fee
Senior Community No

Listing Details

AgentBrett Bayless
OfficeBrett Bayless, Broker

Listing Map

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