Homes for sale - 1711 Pomona AVE, Costa Mesa, CA 92627

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Michael Cavner • Marcus & Millichap RE Invest

$5,900,000

Est. payment - /mo

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Key Details

Property Type Vacant Land

Sub Type Other Residential Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID CROC25011715

Originating Board California Regional MLS

Property Sub-Type Other Residential Land

Property Description

The 1711-1719 Pomona Avenue project offers a strategic development and investment opportunity in Costa Mesa, located at the corner of Pomona Avenue and 17th Street. With final tract map approval expected in 8-10 weeks and permit-ready status anticipated by April/May 2025, this site provides a clear and efficient path to construction. Positioned directly across from the 17 West live/work community, the project is in a rapidly developing corridor with increasing demand for well-designed residential units. This 8-unit townhome development features three-bedroom, 2.5-bath homes, each with private decks, dedicated office spaces, and premium garage configurations. Unit sizes range from 2,076 to 2,084 sq. ft., offering spacious and modern living environments tailored to today's buyers. The financial outlook reflects solid revenue potential, with a projected total of approximately $14.92 million. Each unit is expected to sell for $1,865,000, averaging $897 per square foot, which aligns with the area's competitive pricing. Development costs are estimated at $11.47 million, including $3.83 million in direct construction costs, with an anticipated net profit of $3.45 million, resulting in a 30.1% margin over two years. Beyond strong financials, the location and market conditions en

Location

State CA

County Orange

Area 699 - Not Defined

Zoning LWS

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Lot Description Grade - Level

Water District - Public

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Tax ID 42408121

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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1711 Pomona AVE Costa Mesa, CA 92627

JLee Broker

Key Details

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