2156 Newport BlvdCosta Mesa, CA 92627

Property Details for 2156 Newport Blvd

Year built

1946

Lot size

0.21 AC

Property size (Sq ft)

746 SF

Property type

Other commercial real estate

APN

426-121-21

APU

42612121

Description

This exceptional 3,040-square-foot standalone office building presents a unique owner-user opportunity in the vibrant Costa Mesa market. Situated on a 0.21-acre lot at 2156 Newport Boulevard, this Class B property boasts high visibility with over 11,800 vehicles passing daily. The building, constructed in 1990 and extensively renovated in 2022, features two stories. The ground floor is currently leased under a modified gross lease with a remaining term of one year, generating annual income of $31,200. This lease extends through December 31, 2025, providing immediate cash flow. The second floor, approximately 1,600 square feet, is vacant and ready for immediate occupancy by an owner-user. The property includes 18 parking spaces and benefits from a secure gate and block wall perimeter. The permitted zoning is C-1. The asking price is $1,895,000, translating to $623.36 per square foot. This represents a compelling investment opportunity, combining income generation with the potential for owner-occupancy in a prime location. The property's recent renovations, ample parking, and high visibility make it ideal for a variety of uses. Note that Measure K, approved in November 2022, allows for housing development in select commercial/industrial areas within Costa Mesa.

Location Insight

City

Costa Mesa

County

Orange

State

California

Latitude

33.6504

Longitude

-117.909

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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