Investors and Builders - With a recent rezoning by the County of Orange, this highly desirable property offers unparalleled flexibility and development potential, setting it apart from any other on the market in the Newport-Mesa area. Just 350 yards or so from the serene waters of Newport's Back Bay, this 8,275-square-foot property is ideally located in an unincorporated area of Eastside Costa Mesa. Considering building six new townhomes? How about up to 14 apartments? This property is zoned for both, with a maximum height allowance of 35 feet. Alternatively, design your dream home or even two! You could also renovate the existing 1,400 sqft 3-bedroom, 1.5-bath residence while capitalizing on its two oversized garages and onsite parking for up to 20 vehicles. There are two distinct architectural renderings: Townhouse Rendering -This concept showcases 5 custom townhomes, and 1 custom ADU, all designed in a modern coastal craftsman style. Each townhome is designed with balconies and two car garages. This configuration could generate an estimated sale of more than $7 million. Apartment Rendering - This option presents 8 high-end custom apartments plus 2 custom ADU apartments. Each apartment includes a private balcony and a single-car garage equipped with an EV charger. Under this plan, the conservative rental income is estimated at $35,000 monthly and $420,000 annually. If you're not a builder and looking for a home to live in, with some minor work this home can be move in ready. This development opportunity offers a wealth of possibilities: 1. Develop and Sell Build and sell all units for an immediate profit. 2. Develop and Rent Lease all units to generate steady rental income while benefiting from long-term appreciation and potential tax write-offs. 3. Build and Live Create your dream property, move into one unit, and rent the others. 4. Build and Retain Keep one or two townhomes for yourself, then sell the remaining units to offset your investment costs. 5. 1031 Exchange Use this opportunity to complete your 1031 exchange and defer capital gains taxes. Please ask Listing agent for Offering Memorandum or look in MLS documents. *Buyer to conduct their own due diligence with the County of Orange to confirm all development standards
The 1711 - 1719 Pomona Avenue project offers a premier development and investment opportunity in one of Costa Mesa's most dynamic and promising areas. At the corner of Pomona and 17th, this prime site benefits from a unique blend of urban convenience, emerging market activity, and high visibility, making it a compelling choice for developers and investors. This site stands directly across from the transformative 17 West live/work community, a hallmark of modern urban living in Costa Mesa. This proximity boosts the location’s appeal and reinforces its value as a pivotal part of the area’s rapidly evolving landscape. Integrating residential, commercial, and live/work spaces in the vicinity creates a synergistic ecosystem that ensures sustained growth and demand. Costa Mesa is a hub for innovation, culture, and lifestyle. The 1711 -1719 Pomona Avenue property benefits from its location in a city celebrated for its boutique shopping, trendy dining, and robust employment sectors. Its proximity to established commercial spaces ensures a steady traffic flow and enhances the development's desirability for potential buyers or renters. The site sits at the forefront of Costa Mesa’s continuous development trajectory. With ongoing improvements and new projects in the pipeline, the area demonstrates strong upward momentum in property values and market activity. Its position as a rising star in Orange County’s real estate market makes it particularly attractive for forward-looking investments. Conveniently located within walking distance of various amenities, including dining, retail, and professional services, the site provides unmatched accessibility for residents. The nearby transportation networks further ensure seamless connections to broader Orange County and Los Angeles markets, amplifying its strategic significance. The planned 8-unit development at this location embodies modern architectural design, functionality, and sustainability. This development is not just an investment in real estate but a contribution to shaping the future of Costa Mesa’s residential landscape. The combination of thoughtful design, eco-conscious construction, and an exceptional location ensures that the project will command significant attention from buyers and renters seeking premium living spaces. The 1711 - 1719 Pomona Avenue project is more than a real estate opportunity—it’s a gateway to participating in Costa Mesa’s ongoing transformation and future growth.
Courtesy: Pacific Coast Realty Group
Costa Mesa is located in California. Costa Mesa, California has a population of 112,148. Costa Mesa is less family-centric than the surrounding county with 32.66% of the households containing married families with children. The county average for households married with children is 34.78%.
The median household income in Costa Mesa, California is $96,391. The median household income for the surrounding county is $100,485 compared to the national median of $69,021. The median age of people living in Costa Mesa is 36 years.
The average high temperature in July is 77.7 degrees, with an average low temperature in January of 47.8 degrees. The average rainfall is approximately 12 inches per year, with 0 inches of snow per year.
