Kenwood Place Apartments

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire Kenwood Place Apartments, an 8-unit multifamily investment property located in Costa Mesa, California.​

Built in 1961, the single-story property offers a mix of 6, one-bedroom units and 2, two-bedroom units.​ Amenities at Kenwood Place Apartments include ample carport and surface parking, in-unit laundry hookups, private patios, and an on-site laundry facility.​ Current ownership has invested significant capital into interior and exterior improvements with desirable upgrades including fresh paint, vinyl flooring, quartz countertops, stainless steel appliances, shaker-style cabinetry, and more.​

The property benefits from its unparalleled Costa Mesa location, in close proximity of parks as well as schools belonging to the highly rated Newport-Mesa Unified School District.​ Residents at Kenwood Place Apartments enjoy convenient access to an abundance of everyday needs as well as dining and entertainment options at Triangle Square and Costa Mesa Courtyards.​ Additionally, the property is just 0.30 miles 17th Street a 1.25-mile retail corridor that features a plethora of grocers, retailers restaurants, and bars.​ Furthermore, Kenwood Place Apartments is just over 1.30 miles from the Balboa Peninsula, home to some of Newport’s most famous retail, dining, and recreation hotspots.​ The property benefits from it’s close proximity to State Route 55 & Pacific Coast Highway, connecting residents to employment hubs throughout Southern California.​

The Costa Mesa submarket is among the strongest performing areas in metro Orange County, with an average occupancy of 96.5 percent (Q4 2023) and average year-over-year effective rent growth of 8.9 percent (between 2021 to 2023), demonstrating the strong demand for rental housing.​ Costa Mesa’s coastal location, strong economic growth, and unmatched local attractions have made it one of Southern California’s most desirable and versatile markets.​

Given the Coastal Orange County location, the property offers an investor the ability to capture quality tenants seeking a convenient location with access to a wide variety of area amenities.​ This overall demand for well-located apartments will be a key driver in the continued growth at Kenwood Place Apartments.​

*Drive by only.​ Do not walk the property or disturb the residents.​ Please contact the Listing Agent(s).​*

» Attractive Mix of Spacious One & Two-Bedroom Floor Plans

» All Units Have Received Substantial Renovations Including Vinyl Flooring, Dual-Pane Windows, Shaker-Style Cabinetry, & More

» Units Feature Highly Desirable Amenities Including In-Unit Laundry Hookups & Private Patios (Most Units)

» 100 Percent Single-Story Construction

» Ample Carport & Surface Parking & an On-Site Laundry Facility

» Unparalleled Costa Mesa Location Within the Highly Rated Newport-Mesa Unified School District

» Within Walking Distance of Everyday Needs at Costa Mesa Courtyards a 170,000+ SF Lifestyle Center

» 0.30 Miles from the Plethora of Grocers, Restaurants, & Bars Along the 17th Street Retail Corridor

» 0.38 Miles from the Abundance of Dining & Entertainment Options at Triangle Square

» Convenient Access to State Route 55 & Pacific Coast Highway, Connecting Residents to Employment Hubs Throughout Southern California