APEX Apartments Homes
530 W. Wilson St., Costa Mesa
Property Offered at $22,500,000
Number of Units: 60
Year Built: 1962 & Renovations in 2018-2019
• Unique Coastal Property in the City of Costa Mesa
• Great Unit Mix of Majority 2-Bedroom Units
• Vibrant Interior Court Yard with Clubhouse
• Major Interior & Exterior Upgrades
Description
The APEX Apartments is a beautifully renovated 3-story apartment community that is located in the heart of Costa Mesa minutes from the California coast line and ideally located near major freeways, providing ease of access to central business hubs. The property presents an opportunity to own one of the few apartment complexes of this size in the city. APEX is situated with frontage adjacent to one of the most traveled boulevards in the coastal City of Costa Mesa.
With its recently renovated contemporary styling, updated courtyard, strong 2-bedroom unit mix and amenity package an astute investor will have the ability to continue to push rents in a high demand coastal market. A RUBS program has also been implemented offsetting utility costs reducing overall expenses.
Costa Mesa and its coastal neighbors Newport Beach and Huntington Beach are of the strongest rental markets in Orange County. They have seen overall rental growth well over 50% since 2010.
