776 W Wilson St — Sale in Costa Mesa, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Costa Mesa, CA 92627
Photos
Investment Figures
- Cap rate
- 5.47%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap is pleased to present the opportunity to acquire 776 West Wilson Street, an eight-unit residential property located in the City of Costa Mesa, California. The property features a rare blend of new construction and renovated product, consisting of four newly constructed 3-bed/2-bath units completed in 2026 and four fully remodeled 2-bed/1-bath units. The four newly constructed units have never been lived in and feature modern interior finishes, multi-zone air conditioning, in-unit laundry, and all-electric systems with individual metering, while the four existing units have been fully remodeled with new dual-pane vinyl windows, PEX plumbing, air conditioning, and in-unit laundry. The property is further enhanced by brand-new roofs (2026), electrical panel upgrades on all eight units, 800-amp service sized for future ADU additions, ABS sewer laterals with no cast iron on site, individual water heaters, an expected 80% water utility reimbursement through RUBS, and grandfathered individual trash cans with no dumpster or haul fees. These features help create a highly functional rental property with modern tenant amenities and a streamlined operating structure. Located in West Costa Mesa, the property offers residents convenient access to Orange Coast College, Fairview Park, and the Newport Beach coastline, as well as the shopping and dining at Triangle Square, South Coast Plaza, and the 17th Street corridor, with easy connectivity to the 55 and 405 freeways. Investment Highlights: • Unit Mix: 8 units total, featuring four brand-new (2026) 3-bed/2-bath units and four fully remodeled 2-bed/1-bath units. • New Construction: The 3-bed units are untouched and feature modern finishes, multi-zone AC, in-unit laundry, and individually metered all-electric systems. • Remodeled Units: The 2-bed units are fully upgraded with new dual-pane vinyl windows, PEX plumbing, AC, and in-unit laundry. • Infrastructure Upgrades: Brand-new roofs (2026), all-new ABS sewer la
Market Context
This multifamily in Costa Mesa, CA is listed for sale. It is offered at an approximate 5.5% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Costa Mesa, CA — view the full market.
As of Q1 2026, the Orange County multifamily market showed average asking rents near $2848.00/unit/mo, and rents up 1.1% year over year. Source: multiple brokerage reports, Q1 2026.
Rising rents point to a competitive market where well-priced, well-located assets trade quickly.
Contact
- Matt Kipp · (949) 419-3254 · matt.kipp@marcusmillichap.com
- Tyler Leeson · (714) 713-9086 · tyler.leeson@marcusmillichap.com
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