$4,650,000

For Sale

22 days ago

383 W Wilson St, Costa Mesa, CA

Name: 383 W Wilson St, For Sale in Costa Mesa - eXp Realty
Brand: Marcus & Millichap RE Invest
SKU: OC26201829
Price: 4650000 USD

Condo

MLS® OC26201829

0 Bed

0 Bath

22 Parking

Key Facts
Description
Map

Key Facts

Type Apartment

Levels Residential Income

Size -

Garage Yes

HOA Fees

Taxes

Days Active 22

Approx. Age 1965

MLS® Number OC26201829

Property Address: 383 W Wilson St, Costa Mesa, CA, 92627

Average square foot calculated using Size range provided by listing agent.

Description

383 West Wilson Street is a 12-unit multifamily investment property located in Costa Mesa, California. Situated on approximately 0.43 acres, the property features a unit mix of 10 one-bedroom units and 2 two-bedroom units and combines a substantially renovated existing asset with significant additional unit development potential. Central to the investment opportunity is the approval to convert existing garage space into 5 studio Accessory Dwelling Units (ADUs), totaling approximately 2, 045 square feet. Construction of the approved ADUs has not yet commenced, providing new ownership the opportunity to complete the conversions and increase the property from 12 to 17 units, a roughly 42% increase in rentable unit count. The approved conversions create a defined path to expand the property's income-producing capacity within the existing site. Importantly, this development upside is paired with substantial improvements to the existing 12 units. All units have been renovated with upgrades including quartz countertops, updated appliances and bathrooms, fresh paint, and vinyl and carpet flooring. With the existing interiors already improved, future investment can be focused on completion of the approved ADUs rather than a property-wide interior renovation program. 383 West Wilson Street also benefits from a sizable site and an attractive collection of resident amenities. The property provides 22 parking spaces, including 13 garage and 9 surface spaces, along with gated access, an on-site laundry facility, security doors, and a spacious central courtyard. The property is positioned near a dense collection of Costa Mesa amenities and demand drivers, with retail along Harbor Boulevard, Orange Coast College, the OC Fair & Event Center, and neighborhood recreation all nearby. Its location between Harbor Boulevard and State Route 55 provides convenient connectivity throughout Costa Mesa and to surrounding employment centers. Together, the property's renovated existing units, approved 5-unit ADU expansion and strong Costa Mesa location create a compelling combination of current quality and meaningful future upside.

MLS® NumberOC26201829

Locker

Ensuite Laundry

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageYes

Approx. Age1965

Stories2

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Sep 15, 2026List Date

$4,650,000List Price

Commute

Commute

Starting Address

Destination Address

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