862 868 Center St. Costa Mesa, CA 92627

862 and 868 Center Street apartments are two 4-plex apartment buildings that lie on two side by side parcels of land totaling 12,592 square feet in the West Side of Costa Mesa. The subject property is located in a great neighborhood, near several parks including Canyon Park and Marina Park, and is approximately one and a half miles from Newport Beach and one mile from Costa Mesa Country Club.

Both buildings built in 1963, 862 and 868 Center Street total 8 units with each 4-plex containing 3 bedroom/one and a half bathroom units. Each unit is individually metered along with individual hot water heaters. There is also on-site laundry facilities that also provide additional income.

The location indicates a stable investment with opportunity for appreciation. In addition, current interest rates remain historically low for the time being allowing the investor to capture a great asset with positive leverage.