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2428 Newport Blvd
Costa Mesa, CA 92627 East Side Costa Mesa

$2,899,500 USD

Freestanding For Sale  •  5,625 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 5,625 SF
  • Lot Size 0.45 AC
  • Building Class C
  • Year Built 1961
  • Tenancy Multiple
  • Zoning C2
39 Transit Score
76 Walk Score

Highlights

2428 Newport Boulevard offers prominent pylon and building signage along Newport Boulevard.
Value-add potential via upside in restructuring leases to NNN and bringing rents to market, enhancing long-term investment returns.
Trophy location: Prime retail positioning near schools, recreation, major employment hubs, and entertainment, driving strong tenant demand.
Additional revenue streams via coveted gated storage yard generates supplementary income.
There is ample parking of 35 spaces, an exceptional 6.22 parking ratio, ensuring convenience for tenants and customers.
The site has unmatched accessibility with convenient access to 55, 405, and 73 Freeways, ensuring high traffic flow and ease of customer access.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $84,256 USD (2024)
Total Expenses: $46,100 USD

Public Transportation

Commuter RailDriveWalkDistance
Tustin (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 12 min - 7.9 mi
Santa Ana (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 13 min - 9.3 mi
AirportDriveWalkDistance
John Wayne/Orange County 6 min - 2.8 mi
Long Beach (Daugherty Field) 29 min - 22.4 mi
Ontario International 55 min - 44.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 35
Type: Surface
Included in Rent: Yes
Donn Yu 714-267-7777 OCAP Real Estate & Financial
Donn Yu 714-267-7777 OCAP Real Estate & Financial