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 enhance this investment’s appeal. the site is within walking distance to retail, dining, and professional services, with easy access to major transportation routes connecting costa mesa to key areas in orange county and los angeles.
with approvals progressing and a structured development timeline in place, 1711-1719 pomona avenue offers a well-positioned investment in a market with rising demand. investors will benefit from an efficient project plan, strong buyer interest, and an opportunity for a well-timed exit.
Property Type
LandCounty
OrangeStyle
LandAD ID
48353146
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Property Details
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.46
- Lot Size Source: Assessor
- Lot Size Square Feet: 20037.6
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Listing Information
Listing Price Information
- Original List Price: 5,900,000
- Listing Contract Date: 2025-01-16
Lease Information
- Listing Agreement: Exclusive Right To Sell
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Taxes / Assessments
Tax Information
- Parcel Number: 42408121
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 699 - Not Defined
- Postal Code Plus 4: 3610
- Directions: Cross Streets of Pomona Avenue & West 17th Street
- Zoning: MG
- Source Property Type: Land
- Area: 699 - Not Defined
Building and Construction
- Year Built Source: Vendor Enhanced
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BuyOwner last updated this listing 03/03/2025 @ 16:41
- MLS: OC25011715
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Land, with 0 bedrooms which is for sale, it has 0 sqft, 20,038 sized lot, and 0 parking. A comparable Land, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Costa Mesa , in zip code 92627, this Orange County Land are nearby neighborhoods.