$30,841,536
$32,000,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
3.18 Acres Lot
SOLD DATE : 06/08/2021
Key Details
Sold Price $30,841,536
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC21021253
Sold Date 06/08/21
HOA Y/N No
Year Built 1962
Lot Size 3.180 Acres
Property Description
Pacific Villas is an 84-unit multifamily investment property located at 533 West Wilson Street in Costa Mesa, one of the premier coastal housing markets in Southern California. Pacific Villas offers an excellent unit mix of 24, 1 bed/1 bath units, 36, 2 bed/1 bath units, and 24, 2 bed/1.5 bath townhome units, which helps to attract a diverse renter pool. Pacific Villas has recently been upgraded to the standard of a luxury apartment community, with improvements including a sparkling swimming pool, cozy BBQ and picnic areas, covered and open parking, on-site laundry, and controlled access (please contact Listing Agent for more details). Additionally, over 50% of the units have been fully upgraded with modern finishes including new stacked washers and dryers, range hood stoves, stainless steel appliances, lighting, and more (please contact Listing Agent for more details). NOTE: Pacific Villas has two legal addresses: 2217 Harbor Boulevard and 533 West Wilson Street.
Location
State CA
County Orange
Area 699 - Not Defined
Interior
Fireplace No
Laundry Common Area
Exterior
Pool Community
Community Features Curbs, Sidewalks, Pool
Total Parking Spaces 152
Private Pool No
Building
Lot Description Landscaped, Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 42219313
Energy Description 17325.0
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Tyler Leeson • Marcus & Millichap RE Invest
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
880 Roosevelt Suite 250, Irvine, California, 92620, United States