CBRE Sells Mixed-Use Property In Costa Mesa For $3.2M

A mixed-use property located at 2027-29 Harbor Boulevard in Costa Mesa, California was recently sold for $3.2 million. The property, which comprises 12 residential apartment units and a street-front retail building, sits on a 0.41-acre lot. With a total area of 7,530 square feet, the property offers value-add potential and is situated in the highly desirable westside Costa Mesa market.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $3,200,000
• Address: 2027-29 Harbor Boulevard, Costa Mesa
• Market: Costa Mesa
• Acres: 0.41
• Units: 13
• Price per Unit: $246,154
• Square Footage: 7,530
• Price per Square Foot: $425

The sale of this mixed-use property was facilitated by CBRE brokers Dan Blackwell and Mike O’Neill. Their expertise and negotiation skills played a crucial role in attracting a local private investor who recognized the value-add potential and sought-after location of the property. This transaction marks the first sale of the property in over 30 years, highlighting its desirability in the market.