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$4,525,000

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0.34 Acres Lot

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2230 Canyon DR Costa Mesa, CA 92627

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Patrick Fossati

patrick@fossatigrp.com +1(805) 910-0463

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25238637

HOA Y/N No

Year Built 1956

Lot Size 0.340 Acres

Property Sub-Type Apartment

Property Description

2230 Canyon Drive is a 7-unit multifamily investment opportunity located in the highly desirable city of Costa Mesa, California. Built in 1990, the gated property consists entirely of spacious two-story, 2-bedroom/2.5-bath townhouse-style units, a rare and highly attractive offering in today's rental market. Six units feature a front patio, back patio, and private balcony, while the rear unit offers a front patio and a large private backyard. Residents benefit from ample parking with eight garages and eight surface spaces, along with the convenience of laundry hookups in every unit. Five units have been thoughtfully renovated with modern finishes including shaker-style cabinetry, vinyl flooring, recessed lighting, and stainless-steel kitchen appliances. The property's renovation program has proven effective, giving investors an opportunity to capture additional upside through continued upgrades, while current tenants already enjoy generous layouts and abundant private outdoor space that distinguish these units from competing rentals. 2230 Canyon Drive offers residents everyday convenience with walkable access to schools such as Victoria Elementary, Estancia High School, and the Waldorf School of Orange County. Nearby parks and open spaces include Talbert Regional Park, a 180-acre preserve with extensive bike and pedestrian trails, as well as Fairview Park and direct access to the Santa Ana River Trail and Banning Channel Bikeway. Within two miles of the property are Harbor Boulevard and Brookhurst Street, both of which offer an array of retail centers, restaurants, and daily conveniences. 2230 Canyon Drive represents a rare opportunity to acquire a well-maintained coastal Orange County multifamily asset with spacious townhouse layouts, ample outdoor space, in-unit laundry hookups, and clear upside through a proven renovation strategy. This property is well-positioned for investors seeking a high-quality asset with strong renter demand and long-term growth potential in one of Costa Mesa's most desirable neighborhoods.

Location

State CA

County Orange

Area 699 - Not Defined

Interior

Heating Forced Air

Fireplace No

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Garage Spaces 8.0

Garage Description 8.0

Pool None

Community Features Curbs, Gutter(s), Street Lights, Sidewalks

Total Parking Spaces 16

Private Pool No

Building

Lot Description Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 42207205

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Tyler Leeson Marcus & Millichap RE Invest tleeson@marcusmillichap.com

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Patrick Fossati

Broker Associate | License ID: 01907255

+1(805) 910-0463

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2230 Canyon DR Costa Mesa, CA 92627

Patrick Fossati

Key Details

Location

Interior

Exterior

Building

Others

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2230 Canyon DR