2029 Harbor Boulevard

Costa Mesa , CA 92627

MLS#: 25556261

$5,495,000

Status: Active
Listing number: 25556261
Listing provided by: CB Richard Ellis, Inc.
Listing agent phone: None
Last update: a month ago
On site: a month ago
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Property

Beds

6

Full Baths

None

1/2 Baths

None

Year Built

1949

Sq.Footage

7,490

Harbor Mesa Luxury Apartments is a mixed-use property that consists of street-front retail building and 12 apartment units located at 2027-2029 Harbor Boulevard, Costa Mesa. The property offers investors the highest current cap rate in the city of Costa Mesa at 5.21%. Harbor Mesa Luxury Apartments offers a range of unit options for potential tenants including studio, one- and two-bedroom floorplans. The asset has recently undergone renovations with ownership spending over $1,200,000 in recent renovations including major systems, interior and exterior updates.

Features & Amenities

Interior

  • Total Bedrooms

    6

  • Bathrooms

    N/A

  • Cooling YN

    NO

  • Cooling

    None

  • Heating YN

    NO

  • Heating

    None

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.4114

  • Property Type

    Residential Income

Price

  • Sales Price

    $5,495,000

  • Sq. Footage

    7, 490

  • Price/SqFt

    $733

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

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Location

County

Orange

Elementary School

Middle School

High School

Listing Courtesy of Michael O'Neill II , CB Richard Ellis, Inc.

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Harbor Mesa Luxury Apartments is a mixed-use property that consists of street-front retail building and 12 apartment units located at 2027-2029 Harbor Boulevard, Costa Mesa. The property offers investors the highest current cap rate in the city of Costa Mesa at 5.21%. Harbor Mesa Luxury Apartments offers a range of unit options for potential tenants including studio, one- and two-bedroom floorplans. The asset has recently undergone renovations with ownership spending over $1,200,000 in recent renovations including major systems, interior and exterior updates.

2029 Harbor Boulevard

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Related Properties

We are proud to present 1010–1016 Valencia Street, a rare side-by-side offering of two 4-unit apartment buildings with separate APNs, located in the heart of Costa Mesa—one of Southern California’s most desirable coastal housing markets. This turnkey multifamily investment consists of eight fully rented 3-bedroom, 2-bathroom units, offering a strong blend of immediate income and long-term upside. The property sits on a 13,068 square foot lot and includes 9,340 square feet of building space. A lushly landscaped central courtyard creates a welcoming and private environment for residents, while recent renovations to both the interior and exterior enhance the overall appeal. The units feature modern updates such as vinyl plank flooring, stainless steel appliances, updated cabinetry and countertops, and open-concept kitchens. Recent improvements include new staircases and sewer line. The property provides ample parking with eight single-car garages and six uncovered spaces, along with on-site laundry for added tenant convenience. Most of the units are currently leased close to market rents, reflecting the high quality of the renovations and the desirability of the location. The owner is open to selling the buildings separately or as a package, offering flexibility to investors looking for stable, high-performing assets in a supply-constrained coastal market. This is an excellent opportunity to acquire a well-maintained, income-generating property in a prime Costa Mesa location.
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