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1762 Kenwood Place, Costa Mesa, CA 92627
$3,450,000
1762 Kenwood Place, Costa Mesa, CA 92627View this property at 1762 Kenwood Place, Costa Mesa, CA 92627
1762 Kenwood PlaceCosta MesaCA92627
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Property Description
Kenwood Place Apartments is an 8-unit multifamily investment property located in Costa Mesa, California. Built in 1961, the single-story property offers a mix of 6, one-bedroom units and 2, two-bedroom units. Amenities at Kenwood Place Apartments include ample carport and surface parking, in-unit laundry hookups, private patios, and an on-site laundry facility. Current ownership has invested significant capital into interior and exterior improvements with desirable upgrades including fresh paint, vinyl flooring, quartz countertops, stainless steel appliances, shaker-style cabinetry, and more. The property benefits from its unparalleled Costa Mesa location, in close proximity of parks as well as schools belonging to the highly rated Newport-Mesa Unified School District. Residents at Kenwood Place Apartments enjoy convenient access to an abundance of everyday needs as well as dining and entertainment options at Triangle Square and Costa Mesa Courtyards. Additionally, the property is just 0.30 miles 17th Street a 1.25-mile retail corridor that features a plethora of grocers, retailers restaurants, and bars. Furthermore, Kenwood Place Apartments is just over 1.30 miles from the Balboa Peninsula, home to some of Newport's most famous retail, dining, and recreation hotspots. The property benefits from it's close proximity to State Route 55 & Pacific Coast Highway, connecting residents to employment hubs throughout Southern California. The Costa Mesa submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 96.5 percent (Q4 2023) and average year-over-year effective rent growth of 8.9 percent (between 2021 to 2023), demonstrating the strong demand for rental housing. Costa Mesa's coastal location, strong economic growth, and unmatched local attractions have made it one of Southern California's most desirable and versatile markets. Given the Coastal Orange County location, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of area amenities. This overall demand for well-located apartments will be a key driver in the continued growth at Kenwood Place Apartments.
Full Property Details
Full Property Details for 1762 Kenwood Pl
General
- Sold For: $3,450,000
- Status: Closed
- Type: Multi-Family
- MLS ID: OC24096634
- Added to Site: 28 day(s) ago
Rooms
Other Rooms
- Laundry: Community
Additional Information
- Pool Description: None
Location
- Area: C2 - Southwest Costa Mesa
- County: Orange
- Development Name: C2 - Southwest Costa Mesa
- Driving Directions: Cross Streets of Kenwood Place & West 18th Street
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 8
- # Electric Meters: 8
Structural Information
- Entry Location: First level
- Stories/Levels: One
- Stories Description: One
- Square Feet: 6,771
- Year Built: 1961
Unit Information
Unit 1
- Number of Units: 6
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 2
- Total Bathrooms: 2
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.48
- Lot Size Source: Assessor
- Lot Description: Level with Street
Financial Considerations
- Price Per Sq. Ft.: $509.53
- Price Per Unit: 440625
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed and Sold by Marcus & Millichap RE Invest, Tyler Leeson
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Schools
Schools serving 1762 Kenwood Pl
School District:Newport-Mesa Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
661 Hamilton St, Costa Mesa, CA 92627 | K-6 | 0.8 mi | |
2000 Cliff Dr, Newport Beach, CA 92663 | 7-8 | 1.4 mi | |
600 Irvine Ave, Newport Beach, CA 92663 | 9-12 | 1.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1762 Kenwood Pl
Date
Details
Price
Change
Source
6/07/2024
Sold
$3,450,000
-2.13%
MLS
5/13/2024
Listed
$3,525,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1762 Kenwood Place, Costa Mesa, CA 92627 (MLS# OC24096634) is a Multi-Family property that was sold at $3,450,000 on June 07, 2024. Want to learn more about 1762 Kenwood Place? Do you have questions about finding other Multi-Family real estate for sale in Costa Mesa? You can browse all Costa Mesa real estate or contact a Coldwell Banker agent to request more information.