Properties

Costa Mesa, CA 92627 1124 Victoria

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Presented By: Greg Bassirpou with Marcus & Millichap RE Invest; gbassirpou@marcusmillichap.com
  • MLS# OC26045159
  • 03/02/2026
  • Get pre-approved
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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 assetโ€™s competitive positioning. Strategically located near Costa Mesaโ€™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 assetโ€™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
Lot Size Square Feet13047
Lot Size UnitsSquare Feet
MLS Area699 - Not Defined
Net Operating Income99533
New ConstructionNo
Number Of Units Total4
Operating Expense36655
Pool FeaturesNone
PostalCityCOSTA MESA
Property Attached Y/NNo
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot91
Trash Expense1500
Water Sewer Expense1500
Year Built1961
Year Built SourcePublic Records

Exterior for 1124 Victoria

Building Area Total3449
Lot FeaturesLandscaped, Near Public Transit
Lot Size Acres0.2995
Lot Size Area13047
Lot Size SourcePublic Records
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Private PoolNo
Total Parking4
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $2,250,000
MLS#OC26045159
List Date 03/02/2026
Property Type Multi-Family
Phone 888.795.6274
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