Presented By: Greg Bassirpou with Marcus & Millichap RE Invest; gbassirpou@marcusmillichap.com
MLS# OC26045159
03/02/2026
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Baths • 1
SQFT • 3,449
Home Details
The Victoria Street Apartments presents a rare opportunity to acquire a well-located, four-unit multifamily investment in the highly desirable, supply-constrained submarket of Costa Mesa within Greater Orange County.
Constructed in 1961, the property features a low-density and highly attractive unit mix consisting of (2) spacious, single-story three-bedroom/two-bath units and (2) studios totaling approximately 3,449 square feet. The asset sits on an expansive 13,047 square foot lot, offering strong intrinsic land value and future operational flexibility, including potential ADU opportunities.
The property provides a compelling resident experience with desirable amenities, such as ample on-site parking with covered carports, private patios, and balconies - features that enhance tenant appeal and support strong occupancy fundamentals. Select units have undergone recent upgrades and renovations, further strengthening the asset’s competitive positioning.
Strategically located near Costa Mesa’s premier retail, dining, and entertainment corridors - and just minutes from Huntington Beach - the property benefits from close proximity to The Triangle Square, the OC Fair & Event Center, the 17th Street Promenade, and Talbert Regional Park.
This prime location, combined with the asset’s favorable unit composition and land-to-building ratio, positions the Victoria Street Apartments as a high-quality investment opportunity offering durable demand drivers, rental upside, and meaningful long-term appreciation potential.
Presented By: Greg Bassirpou with Marcus & Millichap RE Invest; gbassirpou@marcusmillichap.com
Interior Features for 1124 Victoria
Other Interior Features
Common WallsNo Common Walls
Laundry FeaturesWasher Hookup, Gas Dryer Hookup
Total Stories2
Other Rooms
Entry Level1
General for 1124 Victoria
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate4.42
Carport Spaces4
Carport Y/NYes
CityCosta Mesa
Community FeaturesStreet Lights, Sidewalks
CountyOrange
DirectionsWest Victoria St and N Pacific Ave. Do not disturb tenants. Make offers subject to inspection.
Entry LocationGround
Garage Spaces
Garage Y/NNo
Gross Income140400
Insurance Expense2300
Land Lease Y/NNo
Listing TermsCash, Cash to New Loan, 1031 Exchange
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