0.46 Acres Lot
0.46 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25011715
HOA Y/N No
Lot Size 0.460 Acres
Property Description
Positioned directly across from the 17 West live/work community, the project is in a rapidly developing corridor with increasing demand for well-designed residential units. This 8-unit townhome development features three-bedroom, 2.5-bath homes, each with private decks, dedicated office spaces, and premium garage configurations. Unit sizes range from 2,076 to 2,084 sq. ft., offering spacious and modern living environments tailored to today's buyers.
The financial outlook reflects solid revenue potential, with a projected total of approximately $14.92 million. Each unit is expected to sell for $1,865,000, averaging $897 per square foot, which aligns with the area's competitive pricing. Development costs are estimated at $11.47 million, including $3.83 million in direct construction costs, with an anticipated net profit of $3.45 million, resulting in a 30.1% margin over two years.
Beyond strong financials, the location and market conditions enhance this investment's appeal. The site is within walking distance to retail, dining, and professional services, with easy access to major transportation routes connecting Costa Mesa to key areas in Orange County and Los Angeles.
With approvals progressing and a structured development timeline in place, 1711-1719 Pomona Avenue offers a well-positioned investment in a market with rising demand. Investors will benefit from an efficient project plan, strong buyer interest, and an opportunity for a well-timed exit.
Location
State CA
County Orange
Area 699 - Not Defined
Zoning MG
Interior
Fireplace No
Exterior
Community Features Curbs, Gutter(s), Sidewalks
View Y/N Yes
View Neighborhood
Building
Lot Description Street Level
Water Public
New Construction No
Others
Senior Community No
Tax ID 42408121
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
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