121 Cecil Place, Costa Mesa, California 92627, Costa Mesa, - bed, bath

home-pic
ACTIVE$1,400,000
121 Cecil Place, Costa Mesa, California 92627
3Beds
1Bath
1,530Sqft
8,545Lot
Year Built
1927
Close
-
List price
$1.4M
Original List price
$1.65M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PW25031569
Home ConditionPoor
Features
Good View: Neighborhood
ViewNeighborhood

About this home

!!!ATTENTION!!! INVESTORS & DEVELOPERS! We are excited to present a rare and exceptional investment opportunity located in the highly desirable Eastside Costa Mesa neighborhood. This is a prime chance for savvy investors looking for high-quality development projects in a sought-after location. Don’t miss out on this outstanding opportunity! This proposed modern condo project to be submitted to Costa Mesa planning for approval, offers (plans to be requested): an expansive living experience with 4 bedrooms, 4 ½ bathrooms, with 2 cars garage ideal for families or those seeking extra space with a lot size of 4,273 square feet with approx. 3,000 square feet living quarters each unit spread across two levels, the open-concept floor plan features high ceilings, comfortable living area, dining room, and abundant natural light throughout. This project opportunity offers a perfect blend of good location, safe and high returns on investment. Costa Mesa is known for its proximity to upscale shopping centers like the renowned South Coast Plaza, vibrant arts scene , the OC Fair & Event Center, quick access to stunning trendy boutiques, diverse dining options, and a wealth of outdoor activities— like parks and golf courses . With excellent schools nearby and easy access to major freeways, commuting to Orange County hotspots is a breeze.

Nearby schools

8/10
Heinz Kaiser Elementary School
Public,3-60.5mi
/10
Woodland Elementary School
Public,PK-20.8mi
8/10
Mariners Elementary School
Public,PK-61.5mi
8/10
Newport Heights Elementary School
Public,K-63.2mi
4/10
Monroe Elementary School
Public,K-54.9mi
7/10
Horace Ensign Intermediate School
Public,7-82.4mi
3/10
Mcfadden Intermediate School
Public,6-84.1mi
7/10
Newport Harbor High School
Public,9-122.0mi
3/10
Century High School
Public,9-126.3mi
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (110 Listings)
Beds33
50%
Baths13
5%
Square foot1,5301,749
32%
Lot Size8,5456,132
95%
Price$1.4M$1.87M
29%
Price per square foot$915$1,064
31%
Built year19271962
1%
HOA
Days on market267167
97%
Condition Rating
Poor

The property was built in 1927. The listing is geared towards investors and developers, suggesting the existing structure is not the primary selling point. The single image shows an aged exterior. Given the age and the focus on development potential, it's likely the property requires substantial repairs and rehabilitation, especially in key areas like the kitchen and bathroom. It is likely that the property has not been renovated in the last 30 years.
Pros & Cons

Pros

Development Opportunity: Presents a rare and exceptional investment opportunity for developers in Eastside Costa Mesa.
Prime Location: Located in the highly desirable Eastside Costa Mesa neighborhood, known for its proximity to upscale shopping, arts scene, and outdoor activities.
Proposed Modern Condo Project: Offers plans for a modern condo project with 4 bedrooms, 4.5 bathrooms, and a 2-car garage, appealing to families or those seeking extra space.
Large Living Space: Each unit is planned to have approximately 3,000 square feet of living space spread across two levels, with an open-concept floor plan and high ceilings.
Convenient Access: Provides easy access to major freeways, excellent schools, and Orange County hotspots.

Cons

Project Approval Required: The proposed condo project is subject to approval by Costa Mesa planning, introducing uncertainty and potential delays.
High Price Point: The list price of $1.4 million may be a barrier for some investors, requiring significant capital investment.
Property Age/Condition: The existing structure was built in 1927, suggesting potential renovation or demolition costs associated with the development project.

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