2075 Harbor BlvdCosta Mesa, CA 92627

Property Details for 2075 Harbor Blvd

Year built

1972

Lot size

0.63 AC

Property size (Sq ft)

1,290 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

422-091-11

APU

42209111

Description

Exceptional investment opportunity in Costa Mesa, California. This expansive 29,000 square foot property, located at 2075 Harbor Blvd, 92627, Orange County, is currently operating as a retail auto shop generating approximately $27,000 in monthly revenue. The property presents significant potential for redevelopment. Currently zoned for retail use, it can be re-entitled for residential development, offering a blank canvas for building new homes or townhouses. The site's prime location in a thriving neighborhood provides easy access to amenities, schools, and transportation. The success of a recently completed adjacent project featuring tall, skinny homes, which sold out rapidly, underscores the high demand and desirability of this area. This presents a rare chance to acquire a substantial parcel of land with immense potential for significant return on investment, whether through continued operation as an auto shop or through residential redevelopment. The property's size and location make it an attractive proposition for developers and investors seeking to capitalize on the strong market in Costa Mesa. This is a truly unique opportunity not to be missed.

• CAP approach

  CAP return

  Valuation

  6%

  $488,028

  6.5%

  $450,487

  7%

  $418,310

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,144,184

  Geo Method

  $1,144,184

• Alternative Use

  Use

  Valuation

  Residential

  $380,003

  Hospitality

  $348,081

  Educational

  $289,599

  Medical

  $299,559

  Retail

  $450,487

Location Insight

City

Costa Mesa

County

Orange

State

California

Latitude

33.6497

Longitude

-117.92

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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