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2013 Charle Street

Costa Mesa, CA 92627
  • $7,250,000
  • STATUS: Active
  • ON SITE: 243 Days
  • MLS #: OC24178842
UPDATED: 21 min ago
$7,250,000
  • 0
    BEDS
  • 0.57
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Listing Agent(s): Christopher Pettit of Skyline Commercial Real Estate (949-688-6530)


Description

- Charle Square Apartments (the Property) is located at 2013 Charle Street in the city of Costa Mesa, California. The Property consists of 16 garden-style units in two 2-story buildings. The asset offers sixteen 1-bedroom units, ample surface parking, open common areas, and all ground level units enjoy a large private yard. The property is situated on just over half an acre in the coastal city of Costa Mesa. - Over the past year, Charle Square Apartments has undergone a comprehensive renovation program with over $1,000,000 invested into upgrading the property. As such residents are provided a high quality living experience and a new owner will enjoy a truly turn-key investment property.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-30T18:35:31.163. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/154323721
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2013 Charle Street Costa Mesa, CA 92627

  • Price: $7,250,000
  • Status: Active
  • On Site: 243 Days
  • Updated: 21 min ago
  • MLS #: OC24178842
0
Beds
0
Baths
0
½ Baths
0.57
Acres
1962
Built
Neighborhood:
C2 - Southwest Costa Mesa
County:
Orange
Area:
C2 - Southwest Costa Mesa
Property Description
- Charle Square Apartments (the Property) is located at 2013 Charle Street in the city of Costa Mesa, California. The Property consists of 16 garden-style units in two 2-story buildings. The asset offers sixteen 1-bedroom units, ample surface parking, open common areas, and all ground level units enjoy a large private yard. The property is situated on just over half an acre in the coastal city of Costa Mesa. - Over the past year, Charle Square Apartments has undergone a comprehensive renovation program with over $1,000,000 invested into upgrading the property. As such residents are provided a high quality living experience and a new owner will enjoy a truly turn-key investment property.
Exterior Features

Entry Level 1 Entry Location 1 Fencing Wood Foundation Details Slab Lot Features Landscaped Number Of Separate Electric Meters 2 Open Parking Spaces 22 Other Structures Storage Parking Features AsphaltOff SiteOn Site Parking Total 22 Pool Features None Pool Private YN No Property Attached YN Yes Roof Flat Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Built-In RangeDishwasherMicrowaveRefrigeratorDryerWasher Common Walls 2+ Common Walls Cooling Wall/Window Unit(s) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring LaminateVinyl Interior Features Ceiling Fan(s)Quartz CountersRecessed Lighting Window Features BlindsDouble Pane Windows

Property Features

Additional Parcels YN No Association Amenities Barbecue Association Fee 0 Association YN No Cap Rate 4.51 Common Interest Community Apartment Community Features Street LightsSidewalks Electric Expense 18637 Fuel Expense 0 Garage YN No Gross Income 512977 Gross Scheduled Income 512977 Insurance Expense 9970 Land Lease YN No Laundry Features InsideStacked Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional1031 Exchange Net Operating Income 327084 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Operating Expense 170504 Property Condition Updated/RemodeledTurnkey Property Sub Type Apartment Rent Control YN Yes Security Features Carbon Monoxide Detector(s)Smoke Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 76002 Tax Year 2024 Tenant Pays See Remarks Trash Expense 3446 Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance Rate 3 Water Sewer Expense 7288 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-30T18:35:31.163. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Christopher Pettit of Skyline Commercial Real Estate (949-688-6530)