Map location of 283 Avocado Street, Costa Mesa, CA 92627
$11,800,000
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283 Avocado Street, Costa Mesa, CA 92627

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6 Beds
5 Baths
- Sq Ft

Legitimate turnkey multifamily investment property offering a range of one-, two-, and three-bedroom loft-style floor plans. Substantial investment was made in 2023 and 2024, with over $1.8M in interior and exterior capital improvements. 100% of the interiors are fully renovated, including all new appliances, cabinets/counters, new electrical panels, flooring, painting and drywall, and all new windows and doors. Common area improvements include the roofs, painting, termite & pest mitigation, and tenting of the entire structure, exterior wood, decking, all new stairs and railings, all new asphalt, hardscape/softscape, mailboxes, plumbing, house electrical panels, and garage doors. ABOVE ALL, the debt component sets this project apart from nearly all other investments within the marketplace. Available to assume is a private note with a 51% LTV and interest-only payments until 2032 starting at 3.5%, with a cap at 5.0%, resulting in a blended interest rate of 4.61% over the term. This equates to an initial cash-on-cash return of over 4.5% with a down payment of $5,800,000no appraisal required, no points for the loan assumption, COE in 30 days or less.

Listing By: Tyler Leeson - Marcus & Millichap RE Invest casmls-r Realty.com
  • MLS# OC24013316
  • Date Listed01/22/2024
  • Bedrooms 6
  • Bathrooms 5 baths
  • Lot Size -
  • Subdivision College Park (COLP)
  • County Orange

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Directions

Cross Streets of Avocado Street and Fairview Road

Financial Considerations

Nearby Schools

Source: School Digger

College Park Elementary School

Public • PK - 6 • Serves this home

0.5 mi

Distance

Everett A. Rea Elementary School

Public • PK - 6

1.59 mi

Distance

Pomona Elementary School

Public • PK - 6

1.59 mi

Distance

Wilson Elementary School

Public • PK - 6

1.63 mi

Distance

Woodland Elementary School

Public • PK - 2

1.64 mi

Distance

Maude B. Davis Elementary School

Public • PK - 6

1.76 mi

Distance

Harper Assessment Center

Public • PK - PK

2.35 mi

Distance

Sonora Elementary School

Public • PK - 6

2.64 mi

Distance

Paularino Elementary School

Public • PK - 6

2.64 mi

Distance

Whittier Elementary School

Public • PK - 6

2.72 mi

Distance

Heinz Kaiser Elementary School

Public • 3 - 6 • Serves this home

0.98 mi

Distance

Costa Mesa High School

Public • 7 - 12

1.52 mi

Distance

Horace Ensign Intermediate School

Public • 7 - 8

3.4 mi

Distance

Corona Del Mar High School

Public • 7 - 12

3.43 mi

Distance

Charles W. Tewinkle Middle School

Public • 7 - 8

3.78 mi

Distance

Isaac L. Sowers Middle School

Public • 6 - 8

4.78 mi

Distance

Samuel E Talbert Middle School

Public • 6 - 8

5.36 mi

Distance

Masuda Middle School

Public • 6 - 8

5.87 mi

Distance

Douglas Macarthur Fundamental Intermediate School

Public • 6 - 8

5.93 mi

Distance

Harry C Fulton Middle School

Public • 6 - 8

7.74 mi

Distance

Estancia High School

Public • 9 - 12 • Serves this home

1.63 mi

Distance

Back Bay High School

Public • 9 - 12

1.74 mi

Distance

Early College High School

Public • 9 - 12

2.92 mi

Distance

Newport Harbor High School

Public • 9 - 12

3.32 mi

Distance

Segerstrom High School

Public • 9 - 12

4.51 mi

Distance

Edison High School

Public • 9 - 12

4.78 mi

Distance

Saddleback High School

Public • 9 - 12

5.93 mi

Distance

Hector G. Godinez School

Public • 9 - 12

6.35 mi

Distance

Valley High School

Public • 9 - 12

6.41 mi

Distance

Los Amigos High School

Public • 9 - 12

6.53 mi

Distance

Pacific Grove Academy

Private • KG - 12

2.37 mi

Distance

Waldorf School Of Orange County

Private • PK - 12

2.4 mi

Distance

Lindamood-bell Learning Processes - Newport Beach

Private • KG - 12

2.55 mi

Distance

Renascence School International

Private • PK - 12

2.92 mi

Distance

Pacifica Christian High School - Orange County

Private • 09 - 12

3.32 mi

Distance

Newport Christian School

Private • PK - 12

3.58 mi

Distance

Newport Academy Day School

Private • 07 - 12

4.13 mi

Distance

Halstrom Academy - Newport Beach

Private • 06 - 12

4.38 mi

Distance

Soteric Academy

Private • 07 - 12

4.38 mi

Distance

Calvary Chapel High / Maranatha Christian

Private • 09 - 12

4.42 mi

Distance

Sales & Tax History

Source: Public Records

Population & Environment

Source: Sperling's Best Places

Walkability in CA / 92627

Source: Walkscore

78/100

Very Walkable

Walk Score ®

42/100

Some Transit

Transit Score ®

70/100

Very Bikeable

Bike Score ®

Overview

Most errands can be accomplished on foot. A few nearby public transportation options. Biking is convenient for most trips.

Transit Summary

5 nearby routes: 5 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 54/100, Transit Score: 30/100, Bike Score: 59/100.

Points of Interest near 283 Avocado Street, Costa Mesa, CA 92627

Frequently Asked Questions for 283 Avocado Street

Source: Realty.com

283 Avocado Street, Costa Mesa, CA 92627 is a , Residential Income property listed for $11,800,000 The property is - sq. ft with 6 bedrooms and 5 bathrooms

Realty.com has 16 photos of 283 Avocado Street.

The full address for this home is 283 Avocado Street, Costa Mesa, CA 92627.

283 Avocado Street has been listed on Realty.com since Mon January 22, 2024

Most errands can be accomplished on foot. A few nearby public transportation options. Biking is convenient for most trips.

The average walkability score in the surrounding area is Walk Score: 54/100, Transit Score: 30/100, Bike Score: 59/100.

There are 3 schools assigned to this home. Check out the schools near 283 Avocado Street. College Park Elementary School (Grades: PK - 6), Heinz Kaiser Elementary School (Grades: 3 - 6), Estancia High School (Grades: 9 - 12)

Listing provided courtesy of: Marcus & Millichap Re Invest (tel: 949-419-3200)
Listing agent: Tyler Leeson (#CR-OCLEESTYL)

This content last refreshed on 2025-11-22 19:03:29. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 283 Avocado Street, Costa Mesa, CA 92627 : MLS# OC24013316

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